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February 14, 2008
Foreclosures of the Week
There are a couple of cute houses up for auction today that aren’t in Bed-Stuy or East New York. To the left is a turn-of-the-century, three-story Bay Ridge house that appears to have been refinanced again and again (and again) by its current owner, who took control of the property in ’02. The lien for this one stands at $787,627. To the right, meanwhile, is a Flatbush house that seems to have been owned by the same people since 1976; the lien here is a comparatively skimpy $85,753, suggesting a sadder story. Both auctions take place at 3 p.m. this afternoon at 360 Adams Street, room 261.
230 95th Street [Property Shark] GMAP
435 E 34 Street [Property Shark] GMAP
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Comments
interesting houses
Posted by: guest at February 14, 2008 10:56 AM
the bay ridge house is a confusing mish-mash of architectual styles and materials.
i wonder if the period details were ruined during its "renovations".
Posted by: guest at February 14, 2008 11:16 AM
I would love to hear from anyone on this board who has successfully purchased a property at a foreclosure auction. Anyone care to share their experience?
My sense is that anything decent rarely is sold at auction. The properties generally are sold privately or the owner comes up with the money at the last minute. Most auctioned properties are vacant lots or buildings in horrible condition.
Posted by: guest at February 14, 2008 11:25 AM
Although bed-stuy and east ny have a bigger proportion of listed foreclosures does not mean you have to be sarcastic in your postings brownstoner. Park slope and other prominent nabs also had their share. "THE WHAT" is right. You really are an ASSWIPE.
Posted by: guest at February 14, 2008 11:27 AM
Those houses look like they're in New Jersey. I think people are making way too much of Brooklyn at this point since 90% of the metro area looks like it. Of course, do most of these people know that?
Posted by: guest at February 14, 2008 11:36 AM
First of all, 11:27, we didn't write this one; secondly, go look at the foreclosure listings on PropertyShark--the large majority of the Brooklyn ones are in Bed Stuy, East New York and environs. It's actually quite unusual, though becoming less so, to see one from Park Slope. Sometimes the facts are just the facts.
Posted by: brownstoner at February 14, 2008 11:58 AM
To piggy back off of 11:27.
Why do you feel the need to make comments such as "they aren't in Bed-Stuy or East New York"?
To whom ever posted this, how about stating just the facts. This attitude that there are superior neighboorhoods is offensive
And, is how racisism/classisim begins.
Posted by: guest at February 14, 2008 12:07 PM
To piggy back off of 11:27.
Why do you feel the need to make comments such as "they aren't in Bed-Stuy or East New York"?
To whom ever posted this, how about stating just the facts. This attitude that there are superior neighboorhoods is offensive
And, is how racisism/classisim begins.
Posted by: guest at February 14, 2008 12:07 PM
Look, people, you don't like the editorial viewpoint of the blog, don't read it. Very simple.
Posted by: guest at February 14, 2008 12:16 PM
I live in Bay Ridge a couple of blocks for the house being auctioned.
It was for sale about a year ago. I looked at it, cause they were having an open house and I was walking by. I don't remember the asking price, but it was over 1 million dollars and thinking that it's not worth it.
They did a recent renovation. I remember when they were working on it. The interior was plain vanilla walls with no historical anything left. The renovation is boring and cheap. There is a driveway in the front of the house. YES, a driveway. It is the steepest slope I've ever seen. I always wondered how they were going to get a car down and up that slope. I saw a car there 2x.
There was a family living there when I looked at it...and it's sad that people are losing their homes.
I don't understand, how people can over extend themselves, when you know you can't afford it. Are people that stupid....I guess so.
Posted by: guest at February 14, 2008 12:24 PM
I wrote this and wasn't trying to stir the pot. Like Brownstoner said, the vast, vast majority of foreclosure auctions are for properties in Bed-Stuy and East New York. That's all that was meant.
Posted by: gabby_w at February 14, 2008 12:30 PM
12: 24. People are not stupid. Sometimes shit happens. I recently got out of the hospital with over $500,00.00 in medical bills that resulted from a problem I had in surgery. And I cannot sue the doctors by the way it was a freak occurance. If I did not have heath insurance my brownstone would be for sale today. Shit happens.
Posted by: guest at February 14, 2008 12:32 PM
Brownstoner writes: First of all, 11:27, we didn't write this one
LOL, putting the blame on your own writer, Gabby. Almost like Clemens putting the blame for HGH on his wife.
Posted by: guest at February 14, 2008 12:35 PM
God damn you sensitive pussy retards should move out of here.
Posted by: guest at February 14, 2008 12:41 PM
The house in Flatbush is cute.
Posted by: guest at February 14, 2008 12:45 PM
Since Brownstoner seems to be reading this comments thread, a hijack: any response to the questions from yesterday's HOTD thread on why you seem to be leaving prices off the Corcoran HOTDs?
Posted by: guest at February 14, 2008 1:08 PM
Give me a break more than half of Brooklyn is a disaster. Only a few places are worth living in and they are all too damn expensive. Reality check its not Manhattan.
Posted by: guest at February 14, 2008 1:17 PM
Who peed in your cheerios this morning, 1:08? First of all, there's no pattern here so stop looking for a conspiracy theory where there ain't one--this is the first time in recent memory where we happened to forget to write the price, but we weren't aware that that was a rule in the bloggers handbook. Secondly, we wrote that 202 Prospect had similar intentions when it first listed, and noted the $2,495,000 asking price. (166's was $2,475,00) so any semi-intelligent reader could infer that that was around where the asking price was.
Posted by: brownstoner at February 14, 2008 1:23 PM
Brownstoner writes: Who peed in your cheerios this morning, 1:08?
The What doesn't get to write profanity, but you get to say obscene things?
At least The What is funny...
-sg.
Posted by: guest at February 14, 2008 1:50 PM
as sporadically entertaining as I find The What to be (sort of like the crazy, offensive uncle spicing things up at thanksgiving), he's getting old. It would be nice to have some away time...ban away.
Posted by: guest at February 14, 2008 1:51 PM
1:50:
Yes, he does. It's his blog.
Posted by: guest at February 14, 2008 1:53 PM
Yeah, The What has *never* used profanity before this.
Posted by: guest at February 14, 2008 2:10 PM
Before "the what" gets sent to "the island of nowhere" - let's make it clear: NYC Real estate is STILL very strong, the strongest in the country. Maybe someday "the what" will be right, but for now he is just a rude fool.
Posted by: guest at February 14, 2008 2:18 PM
I thought I'd left high school a long time ago. Guess not.
Posted by: guest at February 14, 2008 2:21 PM
Brownstoner you are only upset with the "what" because of his comments towards you. I never see you threaten the racist, ant-semitic, or other foul-mouth posters. The "what" is harmless. He is like a schizo oldman who had a nervous breakdown while studying for his PHD. Every family has one. The Brownstoner family got the "what". Just feed him his meds (respond to his ad) and he will fall into a comatose sleep for a few days. And if anybody ask, we will just say he was adopted.
Posted by: guest at February 14, 2008 2:22 PM
2:18=broker pissed off by the "what"
Posted by: guest at February 14, 2008 2:24 PM
Mr. B and Gabby, ignore those cretins. People are just looking for a reason to anonymously sound off.
I don't mind The What's commentary when it's generalized, but when it gets ad hominem/feminam, it loses its value.
I think it's pretty well-established that lower income neighborhoods of color have been victimized by the mortgage mess in Brooklyn and nationally. Why get angry at someone for referring to this? Anger should be placed in the appropriate corner.
Talking demographics here, not opinion, and anyhow, no one is implying that it's somehow the fault of foreclosed owners when it's clear they've been manipulated by unscrupulous mortgage brokers who took advantage of their comparative lack of financial sophistication.
Blame Tommy Mozillo or Alan Greenspan.
Posted by: guest at February 14, 2008 2:44 PM
'lower income neighborhoods of color'
Racist comment of the Day
Posted by: guest at February 14, 2008 2:49 PM
Why is it racist, pray?
How would you categorize East New York, then?
Posted by: guest at February 14, 2008 2:55 PM
Tinkerbell Economy RIP.
Posted by: guest at February 14, 2008 2:55 PM
The What:
What are you talking about? Brownstoner just posted a House of the Day a block from where he lives in Clinton Hill.
Posted by: guest at February 14, 2008 2:55 PM
2:55
How would you categorize East New York, then
A low income neighborhood.
You don't need to stick 'of color' at the end of it. You sound like a racist from the 1950's.
Posted by: guest at February 14, 2008 3:15 PM
"There are a couple of cute houses up for auction today that aren’t in Bed-Stuy or East New York."
The writer went out of her way to point out that Beford Stuyvesant and East New York have a large number of foreclosures, a point made frequently by posters, Brownstoner, local and national media, etc. This "news" is no surprise to anyone who reads this blog. We get it. There are a lot of foreclosures in these nabes. But, are these the only neighborhoods where foreclosures occur? Of course not. Still, as always, when referring to a brownstone Brooklyn nabe that is not Park Slope or Brooklyn Heights or Carroll gardens, etc., Brownstoner and posters here make sure highlight the worst aspects of that area. Not exactly equitable, or admirable, treatment.
Posted by: guest at February 14, 2008 3:24 PM
3:24--
Well, the subprime crisis is not equitable. If it is hitting East NY and Bed Stuy harder proportionally--and it is---Brownstoner is not obligated to make it look otherwise. That includes searching for foreclosures in neighborhoods where foreclosures are much rarer to balance things out.
Brownstoner and Gabby are telling it like it is on this one, sorry.
Posted by: guest at February 14, 2008 3:59 PM
Well, it's after 3:00pm...anybody go and buy these up.
Posted by: guest at February 14, 2008 4:20 PM
"Brownstoner and Gabby are telling it like it is on this one, sorry."
No, they (and you) are calling it they way THEY see it. Who says a writer MUST refer to one area's shortcomings when pointing out similar issues in another area? The point that there are foreclosures in bay Ridge and speaks for itself. Why bring ENY and Bed Stuy into it? Don't we hear enough about the foreclosures in those places? Gabby simply took the most obvious and easiest route in writing this post. I don't dispute the factual nature of the information. Instead, I don't like the way she went for the lowest common denominator right off the bat. It's lazy and not very inspired work. At least that's how it comes across to me.
Posted by: guest at February 14, 2008 4:33 PM
Look you people on here... Many houses in BS and ENY are investment properties where many landlords did not care if the homes went into foreclosures.
Posted by: guest at February 14, 2008 4:59 PM
Also -- the "of color" comment was actually on target, since the stats show that unscrupulous brokers targeted these communities. I don't think it's racist to point that out -- it's racist to target those communities if you're a mortgage broker.
East New York is pretty much black and Latino, folks. Bed Stuy is changing rapidly, I guess, and there's also a lot more economic diversity in Bed Stuy, but it's still predominantly black... so it's not racist to mention this when there's an issue of demographics on the table.
Interesting point about the investment property angle -- hadn't thought about that. It still negatively impacts the community, and the community is still predominantly of color and lower income, so it's the same old story of these neighborhoods being hardest hit by blighting factors. I don't really think Gabby was saying anything untoward when she mentioned it. Facts are facts.
Posted by: guest at February 14, 2008 5:12 PM
Gabby's lead sentence economically made the points that (1) there are foreclosures now even in places like Bay Ridge while (2) they still most heavily affect places like East New York and Bed Stuy. Both true, both valid.
Posted by: guest at February 14, 2008 5:25 PM
'lower income neighborhoods of color'
should have read - lower income african american neighborhood or or lower income black neighborhood, or hispanic, or whatever the race is.
NOT - 'of color'
Nobody should be refered to as 'of color', 'colored'.
'of color' is a racist term.
Posted by: guest at February 14, 2008 5:43 PM
5:43 oh pls.. you are ridiculous. who cares.
Posted by: guest at February 14, 2008 5:58 PM
Resident Person of Color here - that term is not considered racist or even tiredly old fashioned amongst most people in the black community. It's usually used to include all people of color - usually referred to as "non-white". I'd rather be a person of color, a positive adjective/noun, rather than non-white, a negative, which implies that being white is the norm from which all is derived. Just my opinion, there.
I also think that the point brought up that many forclosed properties in ENY, etc are investment properties is an important one, often forgotten. In some ways, this is even worse for the people in these homes. You pay your rent every month to some absentee landlord, and one day, poof, with no warning and through no fault of your own, your home is threatened, and you are out on the street.
Posted by: Montrose Morris at February 14, 2008 6:10 PM
The Brownstoner Blog will soon be dead...he is emerging as a conservative with an overwhelmingly liberal readership. I predict that he will be like one of those hot shock-jocks. One day he will go too far and it will be all over. He will return back to hanging out in his favorite republican friendly bar where drunken middle-aged men will be talking about the good ole days when a Blackman would never dream of being president.
VOTE OBABMA FOR CHANGE
Posted by: guest at February 14, 2008 6:18 PM
"The Brownstoner Blog will soon be dead"
The Bond market today said: Goodbye Mutant Real Estate Bubble. Plus with all the hearing I think the blow up is coming real soon. Just maybe Brownstoner will go back to his cave. It's over folks Real Estate is dead.
The What
Someday this war is gonna end..
Note: Brownstoner if you delete my post, You will give me more creditability and make me right. Everyone don't see things as you see them. I have lived in this neighborhood all my life and to see this Mutant Real Estate Bubble is unreal.
BTW You don't want to be around here in a depression. Believe me!!
Posted by: guest at February 14, 2008 6:37 PM
Trust me, I went to college at the height of PC, the late 80s, and "of color" was the preferred term, in fact, you'd get jumped all over if you *didn't* use it. I don't think things have changed that much, and Mr. Montrose Morris corroborates this.
Also -- there really aren't any neighborhoods in Brooklyn that are racially/ethnically monolithic. That's what makes it nice. So just characterizing a neighborhood as African American would be incorrect.
Economic diversity is a different bucket of bolts, but even there, Brooklyn has a welcome level of it. Brooklyn Heights, maybe not so much. I think that in order to grapple with some of the issues on this blog, it's actually useful to be specific, rather than use coded words, which just get everyone irritated.
So maybe some of the posters felt that Gabby was using coded language, when she felt she was referring to a known fact.
Too-quick accusations of racism just blunt the force of the claim when real racism, subtle or explicit, rolls around.
Posted by: guest at February 14, 2008 6:54 PM
I think that Bedstuy and parts of ENY get a bad rap because of where the area links the neighborhood. For example, Cypress hills NY has some really nice historic homes and townhomes. It is easily accessible to the J train that links to the JMZ, L and A train. You can get to the city within 20-30 minutes and actually get a seat. And because CYpress hills is in ENY it gets a bum rap. You guys need to stop being so narrow minded. It's bad enough Brooklyn is becoming this homogenous borough with the typical W* folks that seemed to have no concept of other cultures and donot feel there is a need to respect them either. It's a shame the borough I call home is going through this drastic change.
Posted by: guest at February 14, 2008 10:43 PM
You may not believe this, but I personally know someone who lives on the border of East NY and Cypress Hill who has a single family home that has a olympic size in-ground pool w/three bedroom guess house in the back with a iron swing gate paved driveway. The house has more details than I have space to describe. It is located on a block where prominent professionals once lived. It sits on a high hill overlooking most of Central Brooklyn. I think brownstoner should educate himself along with it's readers if he did an article on the houses on highland blvd. It will give those who are mentally disconnected from the other parts of brooklyn a chance to see true mansion living in a place often describe as a dead zone.
Posted by: guest at February 15, 2008 9:04 AM
I so agree with you 9:40 Most areas in NY have sections that are nice even East New York. I think many on this web-site are very narrow minded. Many people on this site are not from NY and grew up in red state america but call themselves lib-demos.
Posted by: guest at February 15, 2008 10:02 AM
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