Ambitious Bed Stuy Flip 196 Hancock Closes $250,000 Above Ask

An 1880s Queen Anne on one of Bed Stuy’s best blocks attracted lots of media attention in March when a flipper bought it for $1,200,000 and then turned right back around and listed it for $1,850,000, “grotty kitchens and all,” as a Brownstoner commenter saw it. The house at 196 Hancock Street, originally an estate sale dripping with original detail but in need of work, closed at $2,100,000 all cash Friday, or $250,000 above ask, Halstead agent Ban Leow told us. He declined to say anything about the identity of the buyers and whether they plan to live in the house.

The location of the house played a big part in its final price, said Leow. “I think prices in Bed Stuy are going to soar over the summer,” he continued. “Not for all properties, but for trophy properties, depending on the size and location. The fact of the matter is Bed Stuy has never been expensive and now we are tagging a price worthy of the property.”

Brick Underground was the first to note that the house had spiked 54 percent, or $650,000, in price in only three days. In an article in The New York Daily News, investor-flipper Eric Mann justified the price increase by saying he paid tenants to leave, cleaned up and removed a partition wall.

The final sale price is edging close to the all-time record for a townhouse in Bed Stuy. So far, no sale has eclipsed the record holder, 254 Gates Avenue, a Parfitt Brothers-designed beauty, which sold for $2,200,000 back in January of 2013. But, crucially, that house was renovated and in perfect condition as well as dripping with details. The house at 196 Hancock is unrenovated but sold for only $100,000 less.

Would a renovated house sell for more, do you think? Given that top-of-the line townhouses sell for $4,000,000 in Park Slope and just under $2,000,000 in Crown Heights, what do you think the final sale price shows about the Brooklyn real estate market?

House of the Day: 196 Hancock Street [Brownstoner]

59 Comment

  • It is difficult to generalize about the entire “Brooklyn real estate market” based on this sale. However, at $2.1M (583/sq ft) and non-renovated, this sale price is an indication that people are starting to realize the value of Bed Stuy when compared to other already established neighborhoods such as Park Slope. I would not been surprised if this house sells for $3M once it is fully renovated as it is a large and beautiful house, on a beautiful street with great access to Manhattan.

  • I think it shows that Ditmas Park is a steal.

    • Didn’t know there were brownstones in Ditmas Park.

      • 19th century brick row houses faced in brownstone – I don’t think there are any.
        Brick row houses – there are a few.
        Large, turn of the century houses built for the upper middle class, filled with period details, under $2 million – there are many.
        Why does it have to be a brownstone, exactly?
        If you had to choose between 2 hypothetical houses, same square footage, same elaborate details, but one was a row house, 20X50 on a 20X100 foot lot, and one was a victorian, 25X45 on a 40X100 foot lot, with a garage, no shared party walls, and landscaping all around, which would you choose?
        Actually I think the first residents of Ditmas Park made this exact choice.

        • I know the houses and the area you are speaking of; it just feels so suburban over there. People that want a brownstone would never settle for these big victorian homes. Also don’t forget that what is attractive about a brownstone in a place like Bed Stuy is the rental income potential which you can’t realize in these big victorian homes that are mostly one family homes.

          • I think many people would “settle” for the big Victorian house if it was the same price and in the same location (and contained more or less the same level of interior craftsmanship) as a brownstone rowhouse.

  • The house is beautiful,and I’m glad people are realizing what those of us in Bed Stuy treasured for the last 80 years. That said, the Daily News article gave me nothing but scorn for the developer. Bed Stuy is still struggling, 2 million dollar houses not withstanding. This community that I really love needs so much, and I’m not talking about new stores and restaurants. While many who have been here for generations are doing just fine, and have been joined by newcomers who love the community, there is a large population of people who are not being served in this rush to become Park Slope East.

    .

    It needs economic help in finding ways to locally employ the thousands of people who live here with little or no hope, and a lot of resentment towards people who can buy 2 million dollar houses with suitcases full of cash. It needs good schools, so those people aren’t taking their Range Rovers out every morning to schlep their kids to private schools, but putting them in the same schools that are in the community for everyone else. It needs some rising tides lifting ALL boats, not just the yachts.

    .

    How about this Manhattan developer, who has sailed into Bed Stuy in the last couple of years and snatched up primo properties and flipped them for absurd amounts of profit, how about him putting his checkbook on the line and sponsoring a class or a program that would teach local kids and others construction or renovation skills? How about sponsoring a youth center, or a jobs program? Computer programming or SOMETHING!!! Give back to a community that is making you richer than you were before. Bedford Stuyvesant is more than just a ripe field of beautiful buildings waiting to be picked.

    .

    If Bed Stuy is such a wonderful place, and is well placed for you to simply do a bare minimum of work to realize a very handsome profit, then do something to better it, not just your bottom line. Don’t just sail in here like some kind of 15th century explorer, grab the goodies, toss the natives some trinkets, and run back home stinking rich. It’s legal, some would say ballsy and smart business, but it sure ain’t right.

    • Get off your high horse MM. You sold your own “treasured” house to a developer who is currently chopping it up into 8 micro apartments in order to secure absurd profits for himself.

      • Mr. Hancock, as most people who read brownstoner know, I sold my house to a developer because I was being foreclosed on. I had to sell to someone who would pay at a short sale, in a short amount of time, and met the banker’s demands of cash. My house was also a wreck. I have always been up front about that, and did what I needed to do. I’m not going to keep beating myself up for it for your amusement. If my comments above were deriding anyone who did the same, then you would have a gotcha moment of my so called hypocrisy. Since they were not, why don’t you keep your otherwise unwanted opinions to the subject at hand?

        • MM,
          Don’t even give him any energy, it’s obvious he’s victim of exactly what you discussed. His inability to read is apparent which is why we need more schools across New York instead of Developer School conversions into million dollar condos

    • Montrose,

      Has it ever occurred to you that many of these individuals that you are referring to are not victims. There are many people that I know of in our neighborhood that left and came back stronger and wealthier to make ends meet. This day in age a person cannot expect and should not expect to be able to stay in the same place they were raised. A person has to go out and find it, anyway they can. Why would you expect any of these developers to feel guilty about making money on a property that they took a full risk on. I know you have read my posts before and know that I left everything I love behind, to find a better way for my family. After licking my wounds I came back stronger and able to raise a loving family. I spent many years in NYC as a kid and as an adult and can tell you that the folks that try hard and actually apply themselves, come out on top. The ones that depend on a system of handouts don’t. Can we stop portraying the locals as victims, because I think that it is starting to offend many of them. A poor village does not have to be poor on values and that is what happened to our beloved Bed-Stuy. Values went out the windows and drugs came in, period. Now you expect everyone else to clean up the mess. How about you start a campaign to have the so called victims to start taking care of their neighborhood by cleaning it, not defecating where they live and start respecting the fact that it takes personal responsibility to make it in this world. “People with no hope” They have a social security number and can get an American passport, the most powerful tools this great country has to offer, the rest is yours for the grabbing, go and find it. Montrose, stop victimizing people that have the same opportunities as the rest of us that also had nothing as kids and decided to make mountains out of dirt, in the interest of our country and family, never asking for anything in return but the right to be an American.

      • Sorry, but not everyone has the same chances, the same opportunities to reach the American Dream. Yes, there are those who have no desire to help themselves, and will stand in any line to get a hand out. And yes, they constitute some of the population of Bed Stuy. I’m not talking about those people. I’m talking about those who want to rise above where they are, and can’t for reasons that are too many and long to go into here, lack of education being the primary cause. They need a hand up, not a hand out. It has nothing to do with victimhood, it has to do with opportunities, and a fair shake. They live here in the community and are a part of it. I don’t see why a developer, either on his own, or in a group of others, can’t give back to the community that is allowing him to reap rich rewards.

        .

        Flipping houses is not like farming, or trading stocks. You aren’t just coming in and picking produce out of a field, or picking from a group of stocks, you are involving yourself in a community of human beings that was there long before you stumbled upon it. This has nothing to do with expecting to be able to live in a community you can’t afford, but it is about seeing the affordable and hithertofore undesirable community you could afford to live in suddenly being cherry picked by those who swoop in, make a nice chunk of change, and swoop on to the next, taking their money with them. I’m sorry, I don’t think that’s right. I think more could and should be done.

        Flag waving has nothing to do with it.

        • All she suggested was that it would be a good thing for someone who made lot of money easily in a community put a little back in to improve it. No mention of guilt or victims or that flipper caused or is responsible for problems or needs that exist in the neighborhood. Charity and community involvement are not something to be scorned or laughed at.
          The idea that someone not be so detached from condition of fellow man seems to upset some people for some unknown reason. Philanthropy to help others obtain jobs or skills as she suggested would be a great thing to do.

        • You probably don’t know the first thing about flag waving and it’s a shame, because there is a beautiful monument being refurbished in Saratoga Square Park, in dedication of all the flag wavers that died in combat that are from Bed Stuy. Personal responsibility will get these people ahead in life, not your flag waving argument and demands for free money. Why does a developer have to give back, it’s their money, not yours to decide what they do with it, so get over it. Why is it that their investment into the community by rehabilitating homes that were abandoned or in the process of falling apart like yours isn’t enough of a contribution? We are not in a third world country here folks, we are right smack in the middle of NYC. The neighborhood is neglected and short of what you are stating because of neglect by the citizens, not the developers. You want jobs, but not construction jobs, or restaurant jobs. What you want is an easy answer to employ thousands of people. How in the world are you going to employ thousands of people in Bed Stuy without construction, or new businesses? Stop perpetuating the mentality that it is ok to demand money from developers in order to get your family affairs in order.

          • Are you questioning my patriotism? Because that’s what it sounds like, and you don’t know what you are talking about. Members of my family have served in the armed forces of this country, and I was brought up with respect and honor for those who serve. So don’t try the cheap trick of painting me with an un-American brush just because I happen to think that those who have much should give back to those who never had a chance. Isn’t that what America is supposed to be about? Giving anyone a chance?

            And talk about coming up with things I never said, or even implied. Where did I say I didn’t want construction or restaurant jobs? Where did I say give out free money? You have a vivid imagination. You need to stop reading your own issues into my statements. I write pretty well, I can say what I mean without needing the filter of your hangups about Bed Stuy.

          • How would you know what these people want? And no- it’s not enough to come in fix up a house so it’s unaffordable for the average person and walk out on the community once you’ve made your bucks. Why should it be? The neighborhood is far more than you will ever know- but of course your kind of ignorance is not surprising from someone who probably never set foot in Bed-Stuy, let alone lived there. As for MM’s home falling apart- actually it wasn’t. It had its problems, it needed renovations (oh excuse us, we didn’t have f*cking granite countertops), but she made sure our apartments were well kept and we had utilities. She put every dime she had into upkeep. So kindly STFU about her house.

        • Only a person that has never served a day in their life in uniform, would accuse another of being a flag waver because they disagree with you. Your family serving is not the same as you serving, nice try though. When was the last time you visited a school and spoke to children about civil service and community? How much of the money you make goes to your community? A person does not have to be a developer to help, everyone’s checkbook will do, right? You need to realize that there are a lot of people in the community that help in many ways and trying to make developers appear to be evil because they are not handing over money is wrong. Your voice appears to be full of rage because you are not making the money yourself. Stop bashing others because of what they choose to do with their money. If you want to help, great pick up a bag and start picking up trash along the major arteries in our neighborhood, grab a paint brush, clean a park, or once in a while stop and talk to the homeless man that needs a sandwich like the rest of us do, all the time, not when it’s convenient or someone is looking.

          • Thank you so much for telling me how to do my civic duty. I’m way ahead of you, as I do many of those things, and have for years. Over here, in Central Brooklyn. When no one was looking. And I do it here in my new community too. There are no cameras here, either. And yourself?????

            .

            And no, I never served. So what? That disqualifies me from being either a patriot or someone with a right to criticize the system? I think you’ll find very few people on Brownstoner have been in the armed forces, what does that have to do with anything? It’s a pretty low blow, and totally irrelevant. What else you got, because you’re batting zero now. You never did answer my questions as to where I said that I didn’t want to see restaurant or construction jobs, or that developers (or anyone else) should be giving out free money. Ah, reading comprehension – a bridge too far.

            .

            RAGE over not making the money myself? Rage? What rage? Boy, not only are you reading untold volumes into what I said, you’ve managed to go from simply fiction to little pictures on the sidewalk.

          • Wow- touchy much. Seems to me the only voice full of outrage is yours. So…did you serve? Have you ever picked up trash on the highway? Because you seem very happy to ask everyone else to take the dirty jobs you would never touch with your delicate little hands.And maybe you should stop bashing people just because they have a different opinion than yours. How very un-American of you to be angry at MM for exercising her first amendment rights.

        • People who truly desire to be successful and achieve that goal typically make everything happen by their own grit and determination. A hand up is just another derivation of a hand out. This mentality is being bred into more and more people in America this day and growing like a cancer.

          • Really? So glad you made it on your own, all by yourself. Everyone who succeeds has had a hand up somewhere, even if that hand appears in the form of a stable family life, or having attended good schools, or a myriad of other factors that go into success. You have no clue.

    • There’s something to be said for the ill effects of extremely rapid gentrification, but you need not resort to the racially-charged language you’re using, Spike Lee.

    • Montrose raises some very valid issues as does post1175.
      What I think post1175 doesnt realize is that its not montrosemorris vitimizing them, but their upbringing. How can you expect them to have ambition when no one in their life made it to college or to a 7 digit income!?
      There are such programs in some urban areas with much success.
      All MontroseMorris is asking is that local and non local players who profited immensely in BEdstuy should invest in a fund to educate the local youngsters.
      Its a very good idea and I’m sure if someone starts such a fund via gofundme etc many of the people that saw their holdings appreciate thanks to gentrification in this area , will be more than happy to assist the locals.
      MR Hancock,
      I dont see the relevancy in your comment to what Montrose is advocating, other then some personal feud you might have which DOES not belong here and seems very nasty from you.

        • I really value your insight and point of view, Montrose. These are subjects that must be discussed and debated. When the advocate for a complicated or controversial argument is as articulate and thoughtful as you, all the better. Judgement is easy. Real solutions are not.

          As this frenzied process of inevitable gentrification sweeps into neighborhoods with large populations of poor residents, it seems that some “flippers” are either waiting for or creating an environment that makes economic diversity unattractive. The end buyer who chooses to actually LIVE in one of these newly-expensive homes and become part of the community can do many of the things you mentioned earlier.

    • Mr. Hancock & post1175,

      It seems reading has gone out the window…justifying MM’s point.
      She is not a victim and is not calling B-Stuy one either. If you READ carefully she is saying how wonderful it would be if developers who are buying up so much of this wonderful neighborhood at a rapid rate would expend a little money into civic works of development. Post1175 as for your drug comments, the crack epidemic impacted many parts of NY not just B-Stuy first off. Second They neighborhood was long thriving b4 this real estate boom such that people were priced out and forced to look at Harlem yrs ago. B-Stuy is no Broken Angel. She’s been doing well, but it does have flaws that need some work ie: BETTER SCHOOLS, NEW CIVIC STRUCTURES, BETTER TRANSIT ACCESS. The family’s living here have been here longer than the org. inhabitants from the 1880′s and have taken care of it well otherwise this conversation would not be taking place. It wonderful neighborhood, but in-order to ensure it’s future and maintain some of the qualities that make it the amazing neighborhood it is, we have to feed it via Developing Civic Institutions/ Jobs.

      Sorry to Jump off topic of the house above, but these comments were a bit out of order and needed to be dealt with. Attacking someone’s personal struggles is unacceptable and seems like a snooty PS of City like behavior. B-Stuy is not about that…You can keep that kind of attitude outside of my neighborhood – Thank you very much

    • “I’m not talking about new stores and restaurants”, “It needs economic help in finding ways to locally employ the thousands of people who live here with little or no hope”. Give me a break, do you think that magically thousands of jobs are going to be created in a residential neighborhood? Here’s some hope, get on the subway and commute like the rest of us to low paying jobs that put food on the table and be thankful that there is a subway that can take you there. Where is your mind on this one?

      • Where is your mind? Because I haven’t seen evidence of one. You join together disparate ideas and then accuse me of things that you know nothing of.

        .

        Get on the subway and commute like the rest of us? Yeah, right. What makes you think I never did that? Again, you know nothing about me, and certainly nothing about what you’ve been spewing for the last day. Come back when you get a clue.

        .

        Oh, and reading comprehension 101. Try not taking my sentences out of context. “I’m not talking about new stores and restaurants” was not a point in itself, it was part of what….. oh, why am I bothering? Everyone else got it. If you didn’t, then I’m sorry for you.

  • The house is beautiful prices for properties with this level of detail and condition will continue to rise, but properties of a lesser caliber will not see the same increase which is something BK to the Fullest seems not to realize with the Article on soaring prices the other day. Location is also Key being of the A line with direct access to the city is major, the C line is not so hot at certain points in the day and evening. Contrary to what many people maybe thinking there are many properties for sale right now still at reasonable prices.

    But Sidenote when did it become more expensive to purchase in B-Stuy than Park Slope ???
    Saw a Brownstoner HOTD in Park Slope 3or 4 Story cheaper than B-Stuy, almost crapped myself on that one…lol

    • BKTF knows waaaaaay more about real estate in Brooklyn than you do, garanteed.

      • Sorry buddy, but BKTF and people like that have their own financially driven agenda with the scare tactics they have been using to drive this market up. You really should do your homework before you speak on these things. FYI there are still properties under 700k in B-Stuy Not everything is above a million as BKTF would like you to think.

      • Also the above property is a perfect example of this. Sold for under million not very long ago…read the curbed article.

        • Just Curious How is BKTF using scare tactics to drive up the market? The few times i’ve checked on that site they seem to just report on recent closings in certain parts of Brooklyn.

          • I’m glad that you asked, this is a sample headline “Closings of Note: Numbers Don’t Lie”
            Which is a part of a lengthy narrative that has been peddled by this site. They typically only show the large deals that have taken place, which gives a false sense of what the market actually looks like. Meanwhile there have been reasonable priced homes that are equally as beautiful in historic detail selling alongside the record breakers. If read the blog, BKTF is not simply spitting out unbiased fact. There is a clear buy now or look here’s the evidence you’ve been priced out which is not the actual case. Granted because of this type of narrative it has helped push the market to where it is at. Positive for sellers, which I can’t be mad. But highly risky in creating a class war within many of these newly noticed neighborhoods.

        • Every building is a different animal, when a market goes up 60%+ in a 3 year period the $700k homes (of similar stature as above) are long gone now. Sure you can buy a lesser home closer to bushwick for under a million, but then its apples to oranges. Show me one similar to this that is going for under a million right now pleeeeeasse! Oh wait you cant. Do your homework Samma!

          • Sorry Majorhints,

            Your Wrong!
            I happen to know my neighborhood a bit better than you.
            Also go onto the city’s website and look at the recent closing sales and property types, guarantee you’ll eat your words along with BKTF – I’m guessing your a troll blogger from his site or something… Don’t worry your secret is safe here…NOT!

          • Are any homes offered at 800k?? I myself am a home owner recent to the neighborhood in eastern bed Stuy, but am a born and raised brooklyn nite and couldn’t find a brown stone/townhouse for less than 800k. And that was 2 years ago, in this neighborhood. I followed some blogs and sites and never took the opinion of a poster or a blog into too much consideration because it was my investment, and thank goodness I didn’t I am here now part of my block association trying my best and couldn’t be happier! Whether or not my neighbor paid 2 mill or 30k 40 yrs ago. It’s been an amazing experience for me fortunately and hopefully we can share it with others both old and new. Sorry but that’s my 2 cents

          • Hi talesofulysses,

            I just went through all of the rolling sales within Brooklyn, definitely worth checking out. You can run a filter within a specific price range and house size which is great. It verified exactly what I had previously mentioned, but in all fairness unlike BKTF I’ll give you the spectrum. 67 Jefferson just closed for 940K last month which might seem like a lot, but it’s a legal three family with period details, the facade seems to be in good condition. Does need interior TLC. Detail intact under drop ceilings. Just re-listed with CORCORAN with no interior work done at 1.6 million dollars…WTF
            The property is in a prime B-Stuy location mind you, just as the Hancock property above. 181 MADISON ST closed for 750K last month as well. 383 Jefferson Ave, 17 footer with nice period details turn key condition – in need of some restoration – Sold for 860K, but It also included a side driveway I believe. My whole point has simply been that BKTF is making it seem as if properties that need a little work are trading at the caliber of 196 Hancock which is simply just not true, the above property is exceptionally beautiful, and a difficult find, there are still some out there at reasonable prices that need some restoration. If you go back just to the beginning of this year in the property records you’ll see there were some amazing! properties that sold for under 850K Three story with a basement level and cellar
            THREE STORY HOMES:
            253A MADISON STREET 825K JAN 2FAM
            294 GATES AVENUE 630K FEB 3 FAM

            You should have definitely been able to find yourself a “trophy home” within the 800K ballpark 2yrs ago, some even sold by the big name real estate firms 4sure. There were some beauties trading at 750K at that point.
            Your here now, Enjoy the neighborhood it’s worth the time and commitment.

          • Going to have to agree with the comment above. Samma you may know your neighborhood, I don’t think anyone is denying that, but I’m sure many of us have spent awhile going to as many open houses as possible in Bed Stuy in order to purchase a property. Everything I looked at, even if listed under $1m ended up going for more than ask and over $1m.

            The property above is HUGE and very unique, the comps you provided below don’t even compare. Sure they are nice brownstones that need work but would never be a decent comp. Anything like 196 Hancock is going to sell for $1.5 plus in this market, maybe with a discount for a cash buyer.

          • Hi Michelle,

            I’m sorry if I have come off disillusioned by the changing real estate market here, but I definitely am aware of the uniqueness of this particular property. There seems to be a push of this idea floating about that properties of far lesser the caliber of this can carrying the same dollar value – This is something that has been pushed BKTF through their blog. It has been referenced many time on this site. That was the only argument I was taking up here. There are definitely some reasonably priced gems still on the market as we speak under a million that are not in Bushwick. Some are taking place without brokers, just comes down to knowing where to look. Looking at big Brokers will most likely not get the deal done for you. You have to be a bit of a sleuth sometimes.

  • Critics of Montrose Morris would do well to learn about the history of the neighborhood, which was shaped directly by at least 8 decades of racist policy, not to mention the larger history of the country.

    She was not painting Bedford-Stuyvesant locals as victims, but was calling out the behavior of developers and new residents that care nothing about the community of people in which they are investing or living.

    Those commenters that resort to the personal attacks; the poor attempts to describe the “failings” of the people in the neighborhood; and those signing on to the false hope of the “un-discriminating” American Dream – should all look at themselves – why are they reacting so virulently to MM’s noble call to CARE about the people and community that make up this neighborhood instead of JUST caring about profits or a place to live?

  • It’s obvious that would be in everyones interest to improve the neighborhood.
    To MM point, it’s not about handouts to the underprivileged, it’s about improving the community that surround these (very desirable and expensive) properties. It doesn’t take much to understand that it would improve not only the community but the asset value of those houses.
    Do I expect the investors to do it? No. But I sure do expect from new owners/residents (myself included) to take part of it.
    Maybe I’m lucky but most the newcomers in my block share the same principles I’m expressing here.

  • Montrose Morris, while I agree with your sentiment, it’s a bit naive to expect a developer to give back to the neighborhood, especially this one. He bought one house to flip and whoever bought it from him (presumably to live in) should be held responsible for giving back and contributing to the community. The developer bought a beautiful home because of its historic value not because of the neighbors, excellent schools, etc. It would be NICE if he gave some money back but the residents of Bed Stuy didn’t contribute to his success, they aren’t the ones lining his pocket. You say Bed Stuy isn’t just a ripe field of beautiful buildings to pick and you’re right, but to a developer it doesn’t matter because they care about the property, not the community. They’re most likely not going to live there and so the future of Bed Stuy depends on the new people that are buying and staying. What will they contribute? How will they help the current residents? Will they just sit around and wait until the area is fully “gentrified” or actually care about the community around them? Those are the questions that need to be asked and the only ones that really matter.

  • for those who don’t know, residents of Bed-Stuy have worked for years to life their community. as far back as the 70′s and 80′s, Black residents were working to make Bed-stuy beautiful. One of the oldest house tours in Brooklyn, and one of the most popular is the Bed-Stuy House tour. But if you want to talk about why Bed-stuy has lagged until recently, ask yourself about redlining. Redlining practically cut Bed-Stuy improvement off at the knee and it was only the perseverance of the community that has made the neighborhood so desirable today. Newcomers swanning in with boatloads of money never met the older residents, or enjoyed the tight knit community. Montrose does know- she was there in the “bad, old days,” as people like to call it. I was there many times- Bed-stuy was always rich in history, culture and character- but it wasn’t given the same chance or financial support as, say, Park slope.

    And Mr. Hancock- your constant personal attacks on Montrose really say much more about you than her. and it’s nothing good. At least she is honest about what happened- you have never been honest about yourself, your pitiful life or your offensive picture. But if being a d*ck makes you feel good about yourself, hey, who are we to deprive you?

    • bxgirl,
      I’m gonna add a bit more wood to the wonderfully written fire you’ve started.
      Many of the residents living in B-Stuy have a heritage here that goes back as far as the 30′s and 40′s. Seeing the neighborhood through positive and negative times. It has been a thriving community for over 70 years and not due to gentrification but due to a love and respect of creating a safe and beautiful neighborhood. As part of our job as integrated residents here is to demand better services from our elected officials, so that legislatively action can be taken to provide them. This same type of mentality is what has made beautiful B-Stuy what it is today. Though much has been and maintain without this political allegiance. I believe moving forward we will need it.

  • People who buy two million dollar houses in cash are bad neighbors. They have high expectations and summer elsewhere. If the profits from the bed stay boom were being reaped by the families who lived there for generations I’d sleep easier with it myself–but that’s not the case. The amount of predation there is out of control.

    And I’m enjoying popville.

    • We don’t know and we won’t know for a while, but I will not be surprised if the house was bought by an investor who plans to turn it into condos. Heather, delighted you are enjoying D.C. Miss you here.

    • “People who buy two million dollar houses in cash are bad neighbors. They have high expectations…” What!? In a conversation where a lot of people have made unsubstantiated and wacky statements, this might be the strangest. The person who bought the house might be a good neighbor and might be a bad one. Why attack him or her on a website without knowing?

      • don’t mind heather, she mad jelly

        • I’m sitting on my deck under a giant maple tree looking at my garden, DH. But you’re so right. Fourth Avenue has a certain je ne sais quoi on a humid summer night, and I’m sure it would be much more exciting to go to dinosaur BBQ than downtown silver spring. (Surprisingly, no. You have no taverns all about pirates in Brooklyn. )

          Neighborhoods full of really, really rich people suck. I’m not sure why this is news. Rich people are rarely home, they tend to expect their “standards” to be maintained, and half of them (these days in brooklyn) are either developers cashing in on condos, or foreign investors who won’t be there. They don’t support their local schools. They don’t go to their local churches. They create their own shopping, their own restaurants, and their own infrastructures.

          We are not poor, and I am not jealous. But this is also not news. Enjoy your 800 squares, dh :)

  • MM- I hear your concerns, however, the developers are viewing this as just another trade opportunity. To them, it is business and I am not sure that they are directly accountable for making a neighborhood “better.”

    I would suggest that the responsibility rests upon the community (old and new) and the politicians they have elected to bring about better schools, safer streets and increased economic activity. There is also a culture of hopelessness amongst many of the men (term used loosely) that is beyond the scope of my expertise to opine upon as to how to repair. For the record I am a black male owner who has made tough decisions since purchasing last year.

    From what I can see the issue of gentrification is complex with strong costs and benefits happening at the same time. Anytime you mix people from very different social classes you will have challenges, however, there is also an opportunity from different people to learn from one another.

    • You are correct, and if fixing this was easy, it would have been done long ago. Perhaps developers are not directly responsible for trying to fix societal ills, but it seems to me, someone has to take the first step, and it’s not politicians. Why not pool together with other developers, homeowners and institutions to actually do something? I don’t think they, or anyone else, can make it perfect. I don’t think they are capable of inspiring a work ethic in some segments of the population. I have no idea whatsoever how to cure that one. But there are so many, especially the young, who could have a chance, if they were only given one. In a neighborhood that is seeing tremendous wealth come in, it would behoove everyone to invest not only in their homes, but in the greater community, to the benefit of all. That’s all I want.

  • Samma you can read ACRIS good for you. Post some houses that are actually comparable (not just in the same neighborhood borders) to the one above that sold for less than $800k in the last year that weren’t a complete gut. Put your money where your mouth is since you know the neighborhood soooo well.

    • anything 17 feet wide isnt comparable to the property noted above. And the deals you mentioned were all cash, not for the regular buyer who needs a mortgage.

      • There are deals currently on the market, but I’m not going to help aid the real estate frenzy by handing them to you. I gave you several examples that display the spectrum of properties that have closed. It’s obvious that your probably the BKTF guy trolling around here, – if that’s the case maybe you should actually provide a balanced report on the market rather than pushing this sided view that largely displays only the high end abnormalities. Securing a loan prior to purchase is not impossible for the average buyer you speak of. Many New Yorker’s have been just waiting for the opportunity to purchase, and now that moment has arisen. Trading in their condo’s in other areas for something of a larger scale.

        Now on the note of the 17 Footer by your logic, given the intact details and being a four unit building it should have traded for much higher. FOUR RENTAL UNITS – Will u really need a mortgage for that? Or just a standard loan. It kind of pays for itself …sorry to burst your bubble.
        On this note I’m signing off of this spat. Can’t help if you feel you over paid or were left out in some way, but all the best coping with that.