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Bed-Stuy Branch of Aptsandlofts.com Coming Soon

November 14, 2013
One more Aptsandlofts storefront is on the way.

One more Aptsandlofts storefront is on the way.

Residential real estate broker Aptsandlofts.com is having déjà vu all over again. Eleven years ago David Maundrell, founder and president of the company, had a vision that Williamsburg was climbing out of the dumps and heading for a lovely place called ‘gentrification.’ Today Maundrell is having the same vision, only this time his inner voice is saying, “Its Bedford-Stuyvesant this time around.”

Putting his money where his dreams are, Maundrell just signed a lease for his third branch of Aptsandlofts.com.  The 2,000 square-foot space is on two floors located at 308 Malcom X Boulevard, between MacDonough and Decatur streets. His first storefront is located in Williamsburg and the second, which opened just a year ago is in Cobble Hill.

As the supply of affordable homes continues to dwindle there has been an upswing of potential buyers and renters into Bed-Stuy. Maundrell says he is seeing families moving into the neighborhood, buying a three-family home for $1 million and then converting it into one cozy home for just them.

Aptsandlofts.com is not the only brokerage doing business in the ‘hood. Many of New York’s biggest realtors have listings in Bed-Stuy. However, none of those giants have an office right there in the smack of the action. Maundrell will be competing head on with smaller, neighborhood establishments, but he says he is really something in between those two business models.

“We’re not corporate, and not mom and pop,” he said. “We are kind of settled in the middle, and we are proud of it.”

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