Overview of Macon On The Park
Macon On The Park is a modern condominium designed for contemporary urban living. The property offers thoughtfully designed one- and two-bedroom units, each tailored to meet the needs of today’s homeowners. Featuring high-quality finishes, energy-efficient systems, and private outdoor spaces, this building stands out in the Brooklyn real estate market.
The condominium’s location directly across from Saratoga Park enhances its appeal, providing residents easy access to green spaces and a peaceful environment. The building is well-connected, with nearby public transportation options, making it ideal for families and professionals.
Key Details:
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Floors: 4
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Units: 7
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Year Built: 2024
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Asking Price Range: $595,000 – $1.29 million
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Developer: Ab+R Construction
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Architect: Arc Architecture + Design Studio
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Sales Agent: Corcoran Group
Analysis of the Building's Market Performance
The performance of Macon On The Park in the real estate market has been promising. Sales for the property started in May 2024, and as of now, 57% of the units (4 out of 7) have been sold. With an average sales velocity of 0.3 monthly, the building is projected to achieve a complete sellout in approximately nine months.
Price adjustments over the past few months indicate a steady alignment with market trends. Units such as 3B and 3A saw slight price reductions, reflecting competitive pricing strategies to attract buyers. These adjustments highlight the developer’s commitment to ensuring market responsiveness and buyer interest.
Comparatively, Macon On The Park fares well against other boutique condominiums in Brooklyn. Its competitive pricing, modern amenities, and convenient location give it an edge in attracting buyers who value quality and accessibility.
Stacking Plans and Layout Details
Macon On The Park features a well-organized stacking plan that optimizes the use of its four floors. Each unit is designed with efficiency and comfort in mind, ensuring functional living spaces catering to various lifestyles.
Typical Layout Features:
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Unit Sizes: One-bedroom units range from 559 sq. ft., while two-bedroom units are more significant and include duplex configurations.
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Outdoor Spaces: Many units have private balconies or roof terraces, offering residents a personal retreat.
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Bathrooms: Spacious bathrooms feature modern designs, heated floors, and glass-enclosed tubs or showers.
These layouts are ideal for small families, young professionals, and individuals looking for a blend of functionality and style.
Additional Floor Details:
The four-story structure ensures a sense of privacy and exclusivity for all residents. The top-floor units, particularly the two-bedroom duplexes, offer unparalleled access to roof terraces, providing sweeping views of the surrounding neighborhood and the park. The lower-floor units feature slightly larger interior layouts, making them ideal for those prioritizing indoor space over outdoor features.
Units: Features and Specifications
The units at Macon On The Park are thoughtfully designed, featuring high-end finishes and practical amenities that enhance daily living. Each unit prioritizes energy efficiency, comfort, and modern aesthetics.
Interior Features:
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Flooring: Hardwood plank flooring throughout the units.
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Climate Control: Energy-efficient, multi-zone Mitsubishi heating and cooling systems.
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Lighting: Recessed LED lighting provides a sleek and modern look.
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Windows: Double-pane windows ensure insulation and noise reduction.
Kitchen Design:
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Cabinetry: Custom natural wood and cream cabinets.
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Countertops: Quartz countertops and backsplashes add durability and elegance.
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Appliances: Bertazzoni appliance package with externally vented exhaust hoods.
Bathroom Highlights:
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Floating vanities with oak cabinetry.
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Lighted medicine cabinets and heated floors.
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Options for deep soaking tubs or tiled walk-in showers.
Unique Features of Duplex Units:
The two-bedroom duplex units include dual-level layouts with separate living and sleeping spaces, which are ideal for families or those needing additional privacy. These units also feature two private terraces, providing multiple outdoor spaces for entertaining or relaxation.
Listings and Pricing Trends
The current listings and pricing trends at Macon On The Park reflect its competitive position in the market. The asking prices range from $595,000 for one-bedroom units to $1.29 million for larger duplex units with additional features.
Recent Listings:
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Unit 4A: Listed for $620,000 (1 Bed, 0.5 Bath).
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Unit 3A: Listed for $625,000 (1 Bed, 1 Bath).
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Unit 4B: Previously listed for $1.05 million (2 Bed, 2 Bath).
Pricing Adjustments:
Recent price reductions include:
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Unit 3B: -4.8% drop.
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Unit 3A: -2.8% drop.
Rental Listings:
While most units are available for purchase, Unit 3A has been listed for rent at $3,000 per month, reflecting its appeal to renters who want access to luxury living without committing to a purchase.
Sales Performance and Buyer Activity
Sales activity at Macon On The Park has been steady since its launch. With 57% of units sold, the building has attracted interest from diverse buyers.
Unit Sales by Type:
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One-Bedroom Units: 5 units are available, and 80% are sold.
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Two-Bedroom Units: 2 units are available but not yet sold.
Sales Milestones:
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Contracts signed for Units 4A, 3B, and 2B.
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Recorded sales prices range from $595,000 to $608,000.
Buyer Demographics:
The building has attracted both first-time buyers and investors. First-time buyers are drawn to its affordability and features, while investors appreciate its potential for long-term value and rental income.
Filings and Key Dates
The filing process and key milestones for Macon On The Park illustrate the development’s progress and readiness for occupancy. These milestones also demonstrate the property’s compliance with regulatory requirements.
Timeline of Key Milestones:
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Offering Submitted: May 2023.
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Offering Accepted: May 2024.
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Certificate of Occupancy Issued: October 2024.
Implications for Buyers:
Issuing the Certificate of Occupancy ensures that the building is ready for immediate occupancy, giving buyers confidence in their investment. The streamlined filing process has also contributed to steady sales progress.
Environment and Neighborhood Appeal
Macon On The Park’s location in Bedford-Stuyvesant offers residents a blend of urban living and natural surroundings. Its proximity to Saratoga Park provides a tranquil setting while remaining connected to the city.
Nearby Amenities:
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Parks: Saratoga Park offers green spaces and recreational facilities.
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Dining and Cafes: Early Yves Cafe and Bed Stuy Fish Fry are local hotspots.
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Transportation: Close to the Halsey Street J subway and Citi Bike stations.
Environmental Features:
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Energy-efficient building systems.
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Pet-friendly policies enhance its appeal to families and pet owners.
Community Impact:
The development’s location near local businesses contributes to the neighborhood's vibrancy, supporting the local economy while providing residents convenient access to services and entertainment.
Amenities and Features of Macon On The Park
The building is designed to provide residents with convenience and comfort through its amenities. These features cater to the needs of modern urban dwellers while enhancing the overall living experience.
Building Amenities:
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Elevator for easy access to all floors.
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Shared roof deck with seating and views.
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Dedicated storage units for additional space.
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Garden for outdoor relaxation.
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Secure intercom system for access and deliveries.
Additional Features:
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Parking: Limited parking spaces are available for residents.
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Laundry Facilities: Each unit includes in-unit washer/dryer for convenience.
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Central Air: Ensures comfort throughout the year.
News and Recent Updates
Recent activity at Macon On The Park highlights the property’s continued progress in the market. Key updates include:
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Price reductions for Units 3A and 3B to attract buyers.
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Listings for rent, such as Unit 3A, at $3,000/month.
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Recorded sales for Units 3B and 3A at competitive prices.
Developer and Community Engagement:
The developer, Ab+R Construction, has actively engaged with the community to ensure the property aligns with the neighborhood’s character and needs. This effort has strengthened buyer confidence and interest.
Summary and Final Thoughts
Macon On The Park Sponsor Condo is a thoughtfully designed boutique condominium offering modern living in Bedford-Stuyvesant. Its high-quality finishes, desirable location, and competitive pricing make it an excellent option for buyers seeking a new home or investment property in Brooklyn.
The property’s progress in sales and market performance highlights its strong appeal. Macon On The Park represents a compelling opportunity for those interested in a blend of urban convenience and peaceful surroundings. Buyers are encouraged to explore available units and act quickly as the remaining inventory continues to sell.
