A Rare Opportunity on a Historic Street.
In the heart of Stuyvesant Heights, along tree-lined Macon Street between Throop and Marcus Garvey, lies 297 Macon Street-a stately Italianate row house brimming with potential. This south- and north-facing 4-story, 2-unit home boasts over 3, 200 square feet of living space, plus an additional 800 square feet in the basement, offering nearly 4, 000 square feet to reimagine and restore.
For decades, this home has been lovingly passed down through generations, retaining an abundance of original details: marble fireplace mantels, intricate ceiling medallions, wainscoting, pocket doors, window shutters, and even vintage sink basins that harken back to a bygone era. The double front entry doors and sweeping staircase banisters tell a story of timeless craftsmanship, while the crumbling plaster and peeling paint present a blank canvas for your vision.
Endless Possibilities.
Whether you're looking to restore this property to its original grandeur as a one-unit showpiece or create a modern owner's triplex with a garden rental for added income, the possibilities are vast. The 20x40 footprint and 100-foot lot provide the scale and flexibility to bring your dream to life. Comparable homes on the block, fully restored, have sold for three million or more-proof that the potential here is unmatched.
Prime Location in Stuyvesant Heights.
Beyond the property itself, the location is truly unbeatable. Situated in Bed-Stuy's historic district, 297 Macon is surrounded by beautifully preserved townhouses and landmarked buildings, including Our Lady of Victory and Brooklyn Prospect International Elementary. Bed-Stuy's tree-lined streets are famed for their architectural charm and community pride, blending historic elegance with modern vibrancy.
Neighborhood Highlights.
Just blocks from local favorites like Saraghina, Peaches HotHouse, Lun tico, and Tompkins Avenue's bustling open streets, you're immersed in one of Brooklyn's most dynamic neighborhoods. Convenient access to the A/C subway line ensures Manhattan is always within reach, while the tight-knit community of Stuyvesant Heights offers a world all its own.
297 Macon Street offers the chance to create something extraordinary-whether it's your forever home or a smart investment in one of Brooklyn's most sought-after neighborhoods. Bring your vision and see the potential this historic gem has to offer. Find Your Sweet Spot.
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William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $1,240,000 | $1,240,000 | $1,240,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.875% | 6.625% | 6.125% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 6.820% | 6.723% | 6.284% |
Monthly Tax Payment | $160 | $160 | $160 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $7,335 | $7,940 | $10,548 |
Total Monthly Payment | $7,620 | $8,225 | $10,833 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.