House of the Day: Bainbridge Beauty

How sweet it is! This four-story brownstone in Stuyvesant Heights Bedford Stuyvesant has mucho architectural detail and is priced at under a million bucks. Seems like a great combo to us. Unfortunately, we don’t have an exact address: The url of the listing suggests it’s 16 Bainbridge but Property Shark shows no such address. Judging from the description in the listing, it’s on Bainbridge at around Patchen. The three-family house is configured as a lower owner’s duplex topped by two floor-through one-bedrooms. Let’s say you put down $200,000 of the $975,000 asking price; your monthly mortgage of $5,000 would be significantly defrayed by rental income of between $2,500 and $3,000 (for the two apartments combined). Not bad. Update: The address is 167 Bainbridge Street. According to the LPC map, this puts it just a few houses shy of the Stuy Heights border. (Number 145 is the last house in the historic district.) Commenters report a bidding war and an accepted offer at $999,000.
Bainbridge Street [Urbanview Realty] GMAP P*Shark
Feb 06, 2012 | 12:32 PM