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July 10, 2006
House of the Day: 371 Hancock Street

Here's a house in wonderful original conditions on one of the best streets in Bedford Stuyvesant. The woodwork is to die for and there appears to be no shortage of ornate moldings as well. We'll leave it up to those of you who attended yesterday's open house, though, to opine on whether it's worth the $995,000 asking price. How was the turn-out?
371 Hancock Street [Corcoran] GMAP P*Shark
Comments
That's absolutely spectacular! I went to the open house at 643 Jefferson yesterday. Not quite so spectacular. Although there was a lot of detail left, including wonderful built-ins,only 1 fireplace is left. Every floor and ceiling has to be redone, as does the roof. There are no kitchens and the bathrooms are nightmarish although the original bathroom still has the original tile (now painted), tub and sink.- and it would really need to be a gut rehab. But the bones are great, and the wood details are in fairly good shape. A lot of it has even been stripped. But you would need big big bucks to fix this house up.
Posted by: Bx2Bklyn at July 10, 2006 12:06 PM
I called the broker about 371 Hancock when it was originally listed. It was priced @ $1.1 million, and there were several comments about a house in Bed-Stuy crossing the $1MM mark. The broker sounded appauled that I even questioned the price of the house and proceeded to compare it to a house on Stuyvesant Ave & Bainbridge that had recently sold for $1.2 (http://brownstoner.com/brownstoner/
archives/2006/05/416_stuyvesant_1.html)
Interesting that shortly thereafter there has been a $155K price cut. And this is not to say it's not a nice home. So I hope I'm not starting any kind of war! I am a new owner in Bed-Stuy so my interest is vested!
Posted by: NewStoner at July 10, 2006 12:40 PM
I agree pietro, classic Bed Stuy beauty. It's on the block after two of Bed Stuy's best blocks: Hancock between Nostrand and Marcy, and Marcy and Thompkins, but this is a beautiful house. It's been on the market a while, if I remember correctly, and would probably sell if they lowered the price a bit. This is not the landmarked part of Bed Stuy, although it should be.
I also went to the 643 Jefferson open house. It does need a total roof to ceiling renovation. It has some fabulous detail, but extreme water damage, which make all of the ceilings and floors beyond saving. I think most of the walls could be saved, but neccesitate running new pipes and electrical sytems through them. Fortunately, in order to sell the place, they removed all of the kitchenettes and most of the bathrooms, and totally cleared out the house, so you can see what you are getting. Bx2Bklyn is correct, all of the fireplaces, except one are gone, but there are some wonderful details remaining, including some beautiful built ins, pantry cabinets, moulding, doors, and the original oak icebox. The original master bath still has a fine clawfoot tub and original sink.
But basically, one would need to rebuild the entire house, which would enable one to configure it in the best way for them, get all new electric and plumbing, new kitchen(s), baths, etc. I think it would need about $500K to rebuild, and the selling price shouldn't be any more than $550K. It's on a fine block, the backyard is spacious, and it would be a beautiful home for someone with vision, a good contracting team and deep pockets. If I had access to that kind of money, I'd do it.
Posted by: CrownHeightsProud at July 10, 2006 12:45 PM
What a difference five years makes. I was in contract the summer of 2001 to purchase 369 for $389k, and due to some tenant issues and the fact that I was dealing with United Homes (b.k.a. real estate hustlers), the contract the contract fell through.
Posted by: faithful at July 10, 2006 1:14 PM
Is the Hancock St. house in move in condition? What were the kitchens and bathrooms like- I didn't see any in the pictures but for the one small bathroom with a modern shower.
Posted by: Bx2Bklyn at July 10, 2006 1:38 PM
The easist solution is to ignore the trolls. They're like kids--ignore the bad behavior and they'll stop.
I know the realtor on this listing. He's a really aggressive price-pusher, always trying to break the current ceiling. He showed me something in PLG and when I questioned the price he justified it with a comp that I had seen and that was totally not comparable.
Posted by: Anonymous at July 10, 2006 1:46 PM
I'm confused - I always thought CHP and Bx2bklyn were legit - the comments on this thread at least actually pertain to browntones! How are they trolling? I must have missed something...
Posted by: Anonymous at July 10, 2006 2:19 PM
Saw, the house this weekend. Beautiful house with great detail. The kitchen has some beautiful built-ins and the bathrooms were nice. The woodwork was intact and gorgeous but the most remarkable element was the hardware, it was the orginal bronze knobs and hinges. This house is really nice and the block was quiet.
Posted by: Anonymous at July 10, 2006 2:27 PM
I saw 229 Bergen this weekend. Nice house, some good details, needs some work but not excessively so. The best thing were the gloriously high ceilings. Esp given the recent 200K price cut, I can't imagine the house lasting long now.
Posted by: Anonymous at July 10, 2006 2:39 PM
Funny - the broker's listing for the house contains several grammatical errors! Surprising for Corcoran.
Posted by: anon at July 10, 2006 2:44 PM
For the record, and for the last time, Bx2Bklyn and I, CHP, are legit, have done nothing but post comments on issues we care about, in my case, brownstones first and formost, and gentrification issues second. For some unknown reason, a troll has taken a dislike to both of us, and has not left us alone since about sometime in March.
As you can see from our above posts, which are indicative of all of our posts, except when we have to waste time defending ourselves, we stick to topic, and try to add something to the conversation, just like almost everyone else.
Probably because it is soooo annoying having even one's cyber name trampled in the mud, and on a daily basis, both of us have wasted too much cyber space answering the troll, arguing with all of his many alter egos, and defending our right to keep posting with the handles we chose to use instead of anon, just like everyone else with a handle on this board.
Brownstoner spends way too much of his time deleting all of this crap, and to the extent that my continued posting under CHP has caused him undo headache, and has become a headache to every other reader, I apologise. I posted anonymously for a while, and also under another handle, but have decided to remain Crown Heights Proud. I refuse to let some little twit chase me off this site. If Mr. B ever wants to block me, that's his right. However, he, and those who have become both cyber and real friends in the time I began posting, know who the real trolls are, no matter how good they become at copying our writing styles or looking up words with over four letters in the dictionary.
I will continue to post as CrownHeightsProud, and I hope Bx2Bklyn will do so in her name as well. I will not take up anyone's time any further in defense of myself, as I don't need to. No doubt the troll will have some kind of pithy answer to this, and will bring out his cast of alternate characters to comment and demand the usual. I don't care. I remain CrownHeightsProud. Bring it on.
Posted by: CrownHeightsProud at July 10, 2006 3:13 PM
This house, while lovely, is only 17.5 wide and just 2,900 sq. ft. It seems to me that the BS houses that have sold in the near million or above range have all been larger than this one--and just as grand. Given that, the price seems awfully high.
Posted by: Anonymous at July 10, 2006 3:27 PM
this broker overprices EVERYTHING!
Posted by: Anonymous at July 10, 2006 3:28 PM
But it does have all that great detail, and it looks to be in beautiful shape, and on one of the best streets in Bed-Stuy. Considering the prices asked for lesser houses, I really don't think the price is out of whack. That said, it's still very high and way more than I could ever afford. But the whole market seems that way. Who knows? It may sell for lower anyway.
Posted by: Bx2Bklyn at July 10, 2006 3:33 PM
Enough talk about the trolls. The original CHP and Bx2B are not trolls and have always made positive contributions to the site. We can tell who the trolls are and we're just going to liberally delete their comments while the contemplate a registration process. We'd recommend taking a zen approach. Showing agitation or even responding to troll posts just fans the flames. Ignore while we lean harder on our delete button. Most people have a pretty good b.s. detector and don't place any stock in obviously bogus comments anyway. Now let's just move on, please.
Thanks
Posted by: Brownstoner at July 10, 2006 5:11 PM
Thank you Mr. B. Much much appreciated.
Posted by: Bx2Bklyn at July 10, 2006 5:16 PM
Thanks (for 5:11) mr B. I'm sorry for anything I did to fan the flames--I'll try to remember your suggestion about taking a zen approach.
Posted by: Bob Marvin at July 10, 2006 6:29 PM

house looks stunning. classic bed stuy.
Posted by: pietro at July 10, 2006 11:56 AM