House of the Day: 83 Downing Street

and just a couple 'a blocks away from the prime minister. oh wait.

Do any of you CH/FG'ers know anything about Washington Park - I think that it is at the top of FG Park between DeKalb and Willoughby??

Does anything come on the market on this block? If so, does anyone have any idea what one would expect to pay for a brownstone on that block - I know that's open ended depending on condition etc. but a view on range would be interesting to hear...

Basically trying to find out if I could afford anything here!!

I think what could dampen the price would be whether it is across the street from the school playground, and the attendant noise. Other than that, it is hard to say if the price is justified if we don't have more interior shots. It is a landmarked block I believe.

Nearby, across Fulton Street on Lefferts Place (No. 63 Lefferts Place I think) a 2 fam brownstone (triplex over garden apt) that was aking $1.495MM and quickly went into contract after a couple of weeks on the market (for around asking give or take, as I understand it) - then again, it's a quiet street, the house has lots of details throughout and is in good shape (I saw it at an open house), plus it's 22 feet wide, 45 feet deep with 140 foot lot. http://www.bhsbrooklyn.com/detail.asp?id=470086

A nice brownstone on Washington Park (which turns into Cumberland Street after you cross Dekalb) was sold by Aguayo and Huebener a little over a year ago. It was listed at $1.975MM if I remember correctly and I think it went for around asking, if not more.

There was also an A&H 4 story 1 family that was, I think, almost the last brownstone on that block of Washington Park (near Myrtle ... and the Projects) that went into contract - asked $1.6MM. I was looking at the time. A&H leaves a lot of their "in contract" or sold houses on their website under an "in contract" section, even after they've sold. You might be able to find some references in there - though they are probably quite old.

2.01pm, not that I necessarily think that the price is correct, but it is not "4 blocks over". As they say, "location, location, location". Also, Bed Stuy, bordering Clinton Hill, is rising in price now, in part, because of the rising Clinton Hill prices.

My point is that whether or not this price is justified, this listing is not bed stuy.

It's not bed stuy. Bed Stuy starts at Classon, two blocks away. Clinton Hill is a small neighborhood. You're never more that a few blocks from another neighborhood. Walk two blocks, you're at the Bed Study border, walk three or four blocks from this location and you're in Prospect Heights, walk six blocks in another direction and you're on the FG border... Point is, Clinton Hill (and Fort Greene) are small neighborhoods. I doubt that this place is necessarily priced realistically, but to bash it because it is a couple of blocks from the Bed Stuy border doesn't make sense since you're always close to another neighborhood no matter where you are in clinton hill. The Lefferts Place listing discussed above is one block from Classon and went into contract for at or near asking of $1.495 (much nicer house and good block).

My point is that all of Clinton Hill is "very" close to Bed Stuy considering that the neighborhood is only 8-9 blocks wide from east to west. You can walk from the $4M Pfizer mansion and be on Classon in Bed Stuy in 7 or 8 minutes. Sure, some streets are nicer than others, but I wouldn't be as concerned about how close you are to the Bed-Stuy border as much as what your block is like (e.g. is it noisy, is it close to the subway, is it across from a school etc).

As a nearby resident of Putnam Avenue, prices like this concern me. We still have a drug dealing and prostitution problem in our lil' corner of the lil ole neighborhood called Clinton Hill. There are a bunch of overpriced properties sitting vacant because the owners want Washington Avenue prices. Thus the improving of the neighborhood has stalled over here.

I know of a couple of bed-stuy prostitutes who are charging Washington Ave prices, but for the most part the drug supply is still ghetto quality premium crack.

Depends what part of the Bed Stuy border you are talking about. If you are near Fulton, you are by the Clinton/Washington C line, so the subway access is not lousy at all.

As for people trying to price a house too high, they'll figure it out if the house sits for too long. I've seen a few in the area go for good prices. I have not seen any Bed Stuy houses generally commanding more than Clinton Hill, so I'm not sure if I agree with that comment.

Bstoner is close to the BedStuy border in Clinton Hill. Boy, his house sure is a dump. What poor housing stock in Clinton Hill near Bed Stuy. Puhlease.

My point (anon 12:54) is not that the housing stock is worse (altho it is less grand than either blocks to the east (Bed-stuy) or west (haute Clinton Hill)) or that the proquinquity of Bed-stuy is a problem, but rather that this is a still funky corner of the hood. Just walk down the streets and you see more marginal activity. I also am not sure that families who own houses free and clear will necessarily lower their prices any time soon. 1000/ year real estate taxes aren;t enough to encourage moving the property along to new owners.