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April 1, 2008

Houses of the Day: 404 and 408 Stuyvesant Avenue

The gorgeous limestone mansions at 404 and 408 Stuyvesant Avenue in Stuyvesant Heights have both been on the market for over a year. (In the case of Number 404, it's been about 18 months since the owner tried an auction approach.) Many open houses and price cuts later, 404 is showing up as having just gone into contract; the most recent asking price was $1,475,000. As for 408, which is listed at $1,550,000, there's still no buyer. Could have something to do with that pesky rent-stabilized unit.
404 Stuyvesant Avenue [Halstead] GMAP P*Shark
408 Stuyvesant Avenue [Corcoran] GMAP P*Shark
HOTD: Price Cut at 408 Stuyvesant Avenue (Again) [Brownstoner]

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Comments

I'm not saying this as derogatory towards Bed Stuy at all, but I simply think many people are unwilling to shell out that kind of money for Bed Stuy at this point...even for, what look like beautiful homes.

That's a lot of money to spend on a neighborhood that still could use some work.

I know this street is great, but I think many more people in this price range would rather buy a smaller house in a more prime neighborhood. That's just my guess.

I'm sure the rent stabilized unit doesn't help, but that can't be the only cause for these to sit so long. I think for around 1.2, they might garner a little more interest though.

Posted by: jerri blank at April 1, 2008 1:28 PM

There are plenty of other houses on the market. Why are we rehashing this crap? It's been covered.

This thread is gonna cover the same junk:
bedsty is dangerous
you're all racist
the owner is greedy and should've taken that offer of 1.4
bedsty has the best architecture
no, crown hights does
blah blah blah

Posted by: guest at April 1, 2008 1:33 PM

I heard that 404 went into contract for a little over $1mm. No where close to the 1.4 asking. If and when it closes, we will find out the truth...

Posted by: guest at April 1, 2008 1:34 PM

This will get a lot of the usual uninformed highly opinionated comments about how such prices could be possible....can't wait to start reading them.

There will be $2.0, $2.5 and then $3.0 million sales in Bed Stuy in about 5-6 years. Pure speculation on my part? Yes. Do I have a vested interest? Certainly. But I've been dabbling privately in real estate markets in various cities in the US for 27 years and gut feelings are rarely wrong with that amount of experience. I am not a broker. My primary profession is not real estate.

Posted by: daveinbedstuy at April 1, 2008 1:35 PM

magician?

Posted by: guest at April 1, 2008 1:37 PM

404 I hear that this house went into contract for 1.3. The owner was not really rushing to sell since he got this house from his late mother and lives in Long Island.

Posted by: guest at April 1, 2008 1:39 PM

Wow looks like something on PPW

Posted by: guest at April 1, 2008 1:41 PM

It's taken Park Slope since about 1968 to gentrify to the point of any 3 million dollar sales, Daveinbedstuy. And even now, they are quite rare. Only the top properties on the top blocks receive anything like that.

But you think Bed Stuy will be at that same level in 5-6 years, with probably the first 2 of those in a moderate to deep recession??

I don't think you should quit your primary job for real estate.

Posted by: jerri blank at April 1, 2008 1:41 PM

Jerri: The basis of investing is based on risk and reward. The greater the risk, the higher the reward should be. That said, these homes are not being bought primarily as investment properties but as owner-occupied homes. People who move into areas where all the doomsayers are spouting the same old stuff that you stated are the ones that will reap the rewards. These blocks between Stuyvesant Ave and Tompkins and as far up from Fulton Park as Hancock as FAR nicer than many are in, say, Fort Greene going at much higher prices

Posted by: daveinbedstuy at April 1, 2008 1:42 PM

Again Jerri, your command of investing and economics need some brushing up. $3 million today and $3 million in 1968 dollars (unthinkable then) are completely different. And the economy now STILL is far stronger than it was from 1968 to about 1990...22 years!!! Bed Stuy props were $450-500 just 2-3 years ago and now are $700-850. In 1968 these homes were $20,000 (maybe not these two but every brownstone)

Posted by: daveinbedstuy at April 1, 2008 1:47 PM

404 Stuyvesant was featured in Bricks and Brownstones. Great book for true fans on NY rowhouses.

Posted by: guest at April 1, 2008 1:47 PM

I live around the corner of this home on a landmark block and there are going to be several homes on my block hitting the market this summer. One is a 5 story plus cellar brownstone that was once a Stuyvesant Heights developers house (with all the bells and whistles of the early 1880s). Most of the people of live in these homes are retiring to warmer climates, dying or going into nursing homes and there children live out of state and want to sell like the owner of 404.

Posted by: guest at April 1, 2008 1:50 PM

Thanks, Dave, for the sane posts and I agree with your assessment of the area.

I will say that I think the houses are overpriced, but that is why you call it an asking price. The sale price - if one owner actually WANTS to sell - will be $250K lower in IMO.

Posted by: guest at April 1, 2008 1:55 PM

I'm not saying these aren't beautiful homes or that it's not a beautiful area. I am saying that a large portion of the homes in Brooklyn have been bought by Manhattanites over the last 10 years. From my experience Manhattanites are starting to shy away from neighborhoods that aren't the Ft. Greene, Park Slope, Carroll Gardnes, Brooklyn Heights fare with all this bad news of late.

They hear about foreclosures skyrocking in Bed Stuy and other places, they hear about a little more crime and they get scared and would rather take a smaller place, if they even decide to move to Brooklyn at all.

I'm not saying it's not going to happen. And I'm not even saying that any of it is justified as I agree that those who risk more, have more to gain. But I am saying that I think 5 years is a little unrealistic in my opinion.

I would agree that in 15 years, you will see the first 3 million dollar brownstone. Maybe work on the schools a little bit and you'd get there a little faster.

More importantly, 3 million dollar brownstones in Bed Stuy would be HORRIBLE for the neighborhood. The more prime areas are prime because they are more stable and have gentrified over many, many years. In many instances, decades.

You really think it is healthy for a neighboorhood to have a house in Bed Stuy cost 200K in 2000 and then 3 million in 2014? Seems you care more about the bottom line than the neighborhood which I find to be the major difference between people who live and bought in the more fringe areas compared to those in the more established ones.

Posted by: jerri blank at April 1, 2008 1:55 PM

The new wave of professional black couples starting buying in this area in the mid 1990s when the prices of theses homes started at 200K. In the past eight years you have been seen a even larger wave of whites that have no hang ups starting to buy in the area. In the past two years the European crowd has been moving in... The "gentrifying" Bed-Stuy did not start just today.

Posted by: guest at April 1, 2008 2:02 PM

Report: Nation's Gentrified Neighborhoods Threatened By Aristocratization

http://www.theonion.com/content/news/report_nations_gentrified

Posted by: guest at April 1, 2008 2:02 PM

A 3 million dollar brownstone horrible for Bed Stuy? That statement was strange and a very alien like to ME. Please do not explain it I can read.

Posted by: guest at April 1, 2008 2:09 PM

This part of Bedford Stuyvesant or Stuyvesant Heights really dose not have heavy crime like the North part of area. If you took this part of SH out of BS the Crime stats would be very low. Too many home owners and 2 no more than 3 family dwellings.

Posted by: guest at April 1, 2008 2:11 PM

This home is so beautiful if it was a little cheaper I would make a offer.

Posted by: guest at April 1, 2008 2:23 PM

Problems with 408.

404 is 5300 sq/ft and assuming that 404 sold for 1.4 (which may be very high according to previous posters), then 408 which is 4000 sq/ft should sell for no more than 1.05 mil!

And that's before taking into account the (A) rent controlled tenant who will never leave, (B) the chopped up floor plan that will have to be $rejiggered$, (C) the tax 5 or 6 family status which will have to be adjusted down, (D) and the fact that months have passed since the 404 offer was made and the market has been falling that whole time.

Waaays to fall.

Posted by: guest at April 1, 2008 2:23 PM

for some reason when I walk through this area I really feel how it might have been like 100 years ago. The only other place in Brooklyn I get that feeling is Brooklyn Heights

Posted by: guest at April 1, 2008 2:25 PM

I think a big issue with the 408 property is that's its somewhat of a hybrid. Is it going to be an investment property or owner occupied?

Yes its got the 4 rental units which are nice but the larger unit, which presumably is going to be owner occupied is poorly laid out and not all that attractive except for the first floor. Not sure what kind of rents this place will support. If the four 2nd & 3rd floor units could each fetch $1,500 each (which they won't depending on which ones are stabilized) thats a good yield for 1/2 of the building, assuming the owner occupies the first floor and basement. Not a lot of new owners will deal 4 renters...a hassle.

404 looks like a much more awesome owner occupied style building. I wonder what the "seller financing" looked like!!

Posted by: daveinbedstuy at April 1, 2008 2:26 PM

2:25, I thought it was taboo and uncool to compliment Brooklyn Heights on this blog. Thanks for your courage. I think both 404 and 408 are beautiful, inside and out (at least the limited part of 408 shown).

Posted by: Biff Champion at April 1, 2008 2:35 PM

408 has 6 units in total. 2 per floor. 4 rental, one owner perhaps, and the rent controlled one.

Posted by: guest at April 1, 2008 2:38 PM

2:09, horrible for Bed Stuy because the majority of the surrounding neighborhood does not have the income level, amenities or services and schools to support this. 3 million dollar homes here create a false pocket of wealth surrounded by varying degrees of middle class folks, on down to destitute poverty. This does nothing for the homeowner, who feels they must conduct most of their lives outside of their neighborhood, may be holed up in their fabu home in fear of everything, and perhaps cannot relate to people around them with far, far less.

It most certainly doesn't do much for those who have far less, and make as much a year as 4 months of 3 mil's mortgage payments. A far better solution is a slow, steady growth, with schools, retail, etc improving as the neighborhood improves. Most importantly, vastly improved neighborhood livelihoods and opportunities for those who will never have all that much, so that Bed Stuy is shared by all those who want to live there. There is so much history, culture and pride in BS. That should not be lost in the pursuit of 3 million dollar homes. For what it's worth, I don't feel daveinbedstuy feels differently.

Posted by: Montrose Morris at April 1, 2008 2:39 PM

Biff...nice to see you back. After that back-and-forth on the other post with Mr. B over the unspeakable type issue I though maybe you were 86'd!!!

Posted by: daveinbedstuy at April 1, 2008 2:39 PM

I also think the 408 developer did not think this through. First, you've got to get rid of that rent stabalized tenant before you can sell the property. I would have figured that out before renovating. Second, it's a high end renovation in a somewhat marginal, although historical and beautiful, neighborhood. All the apartments are modest sized one bedrooms. Who is he selling to? An investor? As an investment property the ask is way too high compared to what you get in rents and then you still have the headache of the rent stablized tenant and the change of C of O. If he is selling to a buyer who wants to live there, how many buyers putting down this type of cash want to live in a modest 1 bedroom. The new owner could combine apartments but then why pay for the renovation that was already done?

Posted by: Brooklynnative at April 1, 2008 2:46 PM

Well, hopefully 408 didn't dump a bunch of cash into the renovation or ruin any details doing it. They probably didn't spend a whole lot on buying the place, so they'll probably still make some money even with the very very deep cuts to come.

Posted by: guest at April 1, 2008 2:52 PM

Haha! Thanks daveinbedstuy, nice to be back. Brownstoner and I kissed and made up (I still can't believe he tried to slip me the tongue, nor can I believe I was lumped in with The What...I feel so dirty!) It was an odd exchange, that's for sure...

Posted by: Biff Champion at April 1, 2008 2:52 PM

I'm glad you're here too, Biff.

;-)

Posted by: jerri blank at April 1, 2008 2:53 PM

Aaah, thanks Jerri, I was glad to see you too and thought about saying hi, but didn't want people to talk :-), not that either of us really tend to care about that.

(you should have seen the nonsense this morning, it was so silly)

Posted by: Biff Champion at April 1, 2008 3:00 PM

I don't Montrose. Thank you. As for the larger view of "gentrification", this neighborhood is going through a lot of gentrification by the entrenched homeowners. They are the ones that have kept the crime down. they are the ones spending money on their front yards and their facades.

Nobody moves into a neighborhood like this to turn a quick profit anymore. The prices will someday reach $2.5-3.0 million, not in a hurry but also won't take another 15-20 years.

And some of the other comments about the level of services are correct. There are only 3 restaurants within walking distance to sit down and have a decent meal...Solomon's Porch, Brooks Valley and Bassam (which is now temporarily closed)

I go to Boerum Hill alot for restaurants and definitely for higher end food shopping.

Posted by: daveinbedstuy at April 1, 2008 3:01 PM

Sounds like an interesting exchange,under which post did it occur?

Posted by: Brooklynnative at April 1, 2008 3:01 PM

Yeah, I'm sorry I missed it. I'm not a morning person.

I'm kinda fallin for you a little Biff.

And by a little, I mean a lot.

Posted by: jerri blank at April 1, 2008 3:05 PM

Sure, someday the prices will be 3mil, but there's no need to rush it. IMO Organic growth/change is better than a tense, friction filled sudden takeover in the long run.

Posted by: guest at April 1, 2008 3:06 PM

Brooklynnative, it started rather harmlessly in "Nine Bklyn Councilmembers Vote Against Congest Fee" and got ugly in "AY Owners, Renters File Eminent Domain Appeal" although I think a couple of the more intense posts were deleted).

It's all good now and I think Mr. B is just trying to do his best (given the recent frustrating server issues).

Posted by: Biff Champion at April 1, 2008 3:06 PM

Ew. Can't you guys exchange emails and do this in private?

Posted by: guest at April 1, 2008 3:07 PM

it was all due to the faded grey type spammer who morfed into a real problem spammer...Biff and I had some editorial comments about it and Biff even though I was talking about him at one point because MR B was working frantically to get the spam off and it kept popping up more and more frequently.

Biff, and perhaps I too, may have stepped over the line but I think we all learned our lesson and are going to sit in our seats and behave from now on.

I have temporarily retired myself from my firm but will be back to a regular work schedule in a few weeks somewhere else and won't be as active on this site after that. I will miss my retirement months and hope that you all carry on the battles that need to be fought.

Posted by: daveinbedstuy at April 1, 2008 3:09 PM

what about me jerri??

Posted by: daveinbedstuy at April 1, 2008 3:11 PM

MM- I said I didn’t need the explanation. I bet you'd be happy if it was a 3 million dollar home in CH. I hear there's a slow, steady growth on your ass!

If you can’t take the heat stay out the kitchen. No time and no love for smart dumb homeowners who re-fried and couldn’t get the high rent they were banking on cause so and so up the street did the same. I don’t blame the banks one bit.

Thanks to Brownstoner I found out there was a 6 million dollar home sale in BH. I'm excited for the boro and I’m on the roof of my PH home busting mental shots from my AK47 on the roof. Yelling the bubble great!

Posted by: guest at April 1, 2008 3:15 PM

Jerri, sorry but your "experience" can't be that extensive if you think that Ft. Greene has always been up there with Park Slope in terms of its "acceptibility" for a good chunk of buyers. I happen to love FG, but it's only pretty recently that it has been seen as something approaching blue chip or however you want to put it.

Posted by: guest at April 1, 2008 3:18 PM

I respect you also, daveinbedstuy!

I think we've had a nice discussion today. Things seem to be on the up and up.

I think Biff's a little more my type in the sack though...if you know what I mean.

But that's for another website.

Enjoy the rest of your retirement!

Posted by: jerri blank at April 1, 2008 3:19 PM

daveinbedstuy, very nicely summarized and you'll definitely be missed. Try to check in and say hi once in awhile.

jerri, you're sweet and smart and you had me at your bush comment the other day.

Posted by: Biff Champion at April 1, 2008 3:20 PM

ooops, that may have been an unfortunate choice of words...

Posted by: Biff Champion at April 1, 2008 3:20 PM

Nah, I try to stay away from bush as much as possible.

all of them...

Posted by: jerri blank at April 1, 2008 3:22 PM

we should all meet at Augie's Brownstoner Inn on Fulton just about 2-3 blocks west of these houses and try and figure out who is who..........Wed or Thurs night??? I'm buying.

Its a neighborhood landmark of a sort. Might be better than the Brown Sugar Inn. It's not a place that one would think is going to support my $2.5-3.0 million dollar prices but I'vebeen there and the crowd is really friendly

I just don't want to leave seeing jerri and Biff making out in the corner!!

Posted by: daveinbedstuy at April 1, 2008 3:24 PM

daveinbedstuy, i thought you were my wing man...you're turning into a bit of a c@ckblocker now :-)

Posted by: Biff Champion at April 1, 2008 3:28 PM

Let's meet at Excelsior instead!

Where EVERYBODY knows my name!

Posted by: jerri blank at April 1, 2008 3:29 PM

I don't go to Park Slope.

There's someone else with a great sense of humor who signed in as guest on the Forum for the OP "How Much Does Wallpaper Installation Cost."

He/she is the 8:16 post...read it...it was quite funny ...we have have to find out who they are!!!!

Posted by: daveinbedstuy at April 1, 2008 3:35 PM

Jerri, for you I'll do Park Slope. Do we owe Mr. B a finder's fee?

Posted by: Biff Champion at April 1, 2008 3:39 PM

Biff Champion,jerry blank & davidinbdestuy this is not the site for that kind of thing. Please exchange numbers, rent or room or whatever but lets keep thhis a real estate blog

Posted by: guest at April 1, 2008 3:39 PM

Mr. B is great, but I found you all by myself, Biff.

I'll be sure to thank Mr. B at Bk Flea this weekend though.

Hope everyone is going!! It's given me a reason to live!

Posted by: jerri blank at April 1, 2008 3:43 PM

its not solely a real estate blog. it supports all aspects of brownstone living, primarily in Brooklyn. If we knew what went on behind closed doors over the past 130 years in these brownstones we'd probably all be shocked.

Besides we've beat this real estate topic on these 2 properties like a rented mule already

Posted by: daveinbedstuy at April 1, 2008 3:43 PM

thanks you 3... now the spammer is back. Biff are you sure its not you.

Posted by: guest at April 1, 2008 3:43 PM

Yep, pretty sure guest 3:43, but thanks for asking.

daveinbedstuy, the comment you referenced was a good one. I can only imagine what that poster would have come up with (pun intended) under the subsequent topic, "Should I Worry About Sagging Support Beams?"

Posted by: Biff Champion at April 1, 2008 3:46 PM

it would be interesting if Mr. B could explain how the spammer selects which post to spam.

and what is the remedy? could the software simply block posts with key phrases? like the unspeakable ones that he uses?

Posted by: daveinbedstuy at April 1, 2008 3:47 PM

Daveinbedsty, won't Mr. B eventually fix the problem affecting the text? If so, then don't you think the spam problem will disappear on its own?

Posted by: guest at April 1, 2008 3:53 PM

I was walking around this area two weeks ago and I notice that Madison, Putnum, Jefferson, Hancock, Macon and Halsey between Lewis and Stuyvesant are some of the most beautiful blocks in Brooklyn out side of the Stuyvesant Heights landmarked area. Dose anyone know if Stuyvesant heights is going to extend there landmarked boarder they really should landmark these blocks. Really awesome homes.

Posted by: guest at April 1, 2008 3:56 PM

I don't think he wants to fix the text issue. I'm not sure. I don't care if he does. Actually I believe that the break between a lot of the comments due to the text issues makes for easier reading than if the whole page was the same.

Posted by: daveinbedstuy at April 1, 2008 3:57 PM

3:56 some of those blocks are "calendared" for landmark status. My block is calendared on Stuyvesant between Macon & Halsey. Anyone's guess as to when it happens and I haven't looked into the specific issues that have held them up.

Can anyone help???

Posted by: daveinbedstuy at April 1, 2008 4:05 PM

Daveinbedstuy I would like to help but I have no idea were to start. I live on a landmark block in Stuyvesant Heights and in cleaning my house I found the original landmark documents in the cellar.
If you need copies of these forms let me know

Posted by: guest at April 1, 2008 4:28 PM

How about Jefferson, Hancock, Arlington, Macon and Halsey on the west side of the neighborhood near Bedford and Marcy... So really neat brownstone blocks that should be landmarked.. is that up also on the calender?

Posted by: guest at April 1, 2008 4:55 PM

Biff Jerri, Davie, Muff, Dukie, please go kill yourself! I almost broke my No Cursing rule. (Man it's hard). This is a REAL ESTATE BLOG!!! Not some friendly place for a circle jerk! You are making me sick with the sugary crap.

Then this quote "Haha! Thanks daveinbedstuy, nice to be back. Brownstoner and I kissed and made up (I still can't believe he tried to slip me the tongue, nor can I believe I was lumped in with The What...I feel so dirty!)

Thank GOD I'm not Brownstoner I would have BAN you ASAP! Get over yourself Biff "The What" talks about thing that affects our Economy, Real Estate, Politics and any this else that has to do with this BLOG!

Hey Brownstoner, You sure took care of that spammer, NOT! I feel better that someone hates you more than me.

Shields Up!!

The What

Someday this war is gonna end...

Posted by: guest at April 1, 2008 4:58 PM

Bed-Stuy will gentrify very quickly (2-3 years) because sellers will find that they can ONLY sell to people with stable jobs and good income. Not like the past, when Cousin Earl could get a no doc loan and so he bought your house.

And then there are the buyers who own co-ops and rent. They can only afford/ or are willing to pay for a house between $600K and 1M. Either start looking in Bed-Stuy or move to the burbs!

The declining housing market will actually help Bed-Stuy. Because regardless of how low home values drop, your next wave HAS TO BE higher income buyers with assets or else the buyer could not get financing.

The worse real estate gets, the better prepared the buyer has to be. Welcome Gentrification!

Posted by: guest at April 1, 2008 5:02 PM

A bold theory that seems to fly in the face of all known precedent. I like it.

Posted by: guest at April 1, 2008 5:07 PM

Why if you know an asset will triple on a few years are you wasting even a second blogging about it? Just lever up and buy buy buy.

Here's an alternate theory: 27 years means you've been doing this since the last serious economic downturn, and so know nothing about what a true price retrenchment looks like. Question: Who is going to choose to live in Bed Stuy (Bed Stuy!!) and pay 20k to 30k a month is mortgage payments? I want to meet this being, as no known Earthling fits the description.

Final thought, before I abandon this ridiculous blog: I think brokers got a memo saying "No more posting" here. They hope the discussion threads, in which the total illogic of their pricing is routinely exposed for what it is, to wither away. This bizarre love-in we witnessed today, I find it very suspicious. Even if it isn't an attempt to make this site irrelevant by saturating it in banality, I'll be happy to give stoner a rest.

Posted by: guest at April 1, 2008 5:34 PM

I "discovered" this neighborhood last year when my WASPY brother in law brought a gorgeous house on Decatur st. I really don't get why people are not taking advantage of this area. Over all this neighborhood is super cheap for what you get. The brownstone styles vary so much so anything you are looking for you can find. I am looking right now in this area but do not want to go over 1 Million. My best friend who is a architect just brought a beautiful (needs A LOT work) house with every detail you can think of still in place... This area has so much potential...

Posted by: guest at April 1, 2008 5:38 PM

"The What" may be loopy, but he is really a very funny guy!

Posted by: guest at April 1, 2008 5:49 PM

3:15, I have no interest in seeing 3 million dollar houses in Crown Heights.

I don't know where you came from, but please crawl back under your rock. I wasn't talking to you anyway.

It's the oldtimers who held on, and new folks like Dave and 5:38 who will continue Bed Stuy's rise. People like you will only be around to complain that you didn't do anything when it was still possible.

Posted by: Montrose Morris at April 1, 2008 5:50 PM

This area reminds me of being in the south people. All the older people say hello to you when you pass them on the sidewalks.. I love that...

Posted by: guest at April 1, 2008 5:51 PM

Who is going to choose to live in Bed Stuy (Bed Stuy!!) and pay 20k to 30k a month is mortgage payments? I want to meet this being, as no known Earthling fits the description.

5:34 That's your math. Work on your credit score loser and please stop using crack rock for pez candy.

Posted by: guest at April 1, 2008 5:54 PM

precisely 5.38 - this area HAS potential. Most people looking for a bargain want a house with potential in an area thats arrived. Not an area "with potential".

Posted by: guest at April 1, 2008 5:54 PM

well, besides buying a Bed-Stuy building - you can buy a 1500-2000 sq foot apartment in a new condo building somewhere - I was able to in williamsburg. i think bed-stuy is a bad bet. too much that you are up against to really see substantial gentrification.

Posted by: guest at April 1, 2008 5:56 PM

"Final thought, before I abandon this ridiculous blog: I think brokers got a memo saying "No more posting" here. They hope the discussion threads, in which the total illogic of their pricing is routinely exposed for what it is, to wither away. This bizarre love-in we witnessed today, I find it very suspicious. Even if it isn't an attempt to make this site irrelevant by saturating it in banality, I'll be happy to give stoner a rest."

The What will buy you a case of beer! I'm thinking of not posting here anymore (yeah cheer) ! This Blog has gone downhill! How many Park Vs. anyone threads you can pump in one week? How many foreclosure BS stories you can pump in in week? People are not that stupid!

"I think brokers got a memo saying "No more posting" here". I'm one of them. Die Brownstoner!

BTW Buff, Miffie, Dukie, Biff, Jerri Wanker please do not reply to this post. Go off yourself!

The What

Someday this war is gonna end...

Posted by: guest at April 1, 2008 6:05 PM

MM- did you not address your comment to 2:09 (me)???? Lay off the curry goat roti you're losing it.

The only one complaining and belly aching is you. Go back and read again ass kisser.

Posted by: guest at April 1, 2008 6:08 PM

"The new wave of professional black couples starting buying in this area in the mid 1990s when the prices of theses homes started at 200K. In the past eight years you have been seen a even larger wave of whites that have no hang ups starting to buy in the area. In the past two years the European crowd has been moving in... The "gentrifying" Bed-Stuy did not start just today."

No, but self-important Brownstoner posters THINK it did, which is good enough for them.

Posted by: guest at April 1, 2008 6:11 PM

"we should all meet at Augie's Brownstoner Inn on Fulton just about 2-3 blocks west of these houses and try and figure out who is who..........Wed or Thurs night??? I'm buying."

Hey Mr. B., PLEASE tell us how your censoring system works again?

Posted by: guest at April 1, 2008 6:16 PM

Stuyvesant Heights and Crown Heights are both beautiful areas that will look totally different in 10 years. A lot people will wish they brought now...

Posted by: guest at April 1, 2008 6:25 PM

6:08, considering you can't even put together a cohesive, understandable sentence in plain English, I don't know why I'm even bothering to answer. Thanks for the laugh.

Very happy you can spell "roti".

Posted by: Montrose Morris at April 1, 2008 6:27 PM

Whatever happened to "Location, location, location!!"

Did the hot credit market eat everyones brain??

I don't care if its a mock up Buckingham Palace inside, its in outer Bed-Sty.

Calling it "Stuyvesant Heights" doesn't make it any better. There hasn't been a Stuyvesant Heights in 80 years (see Wikipedia).

Anything over 500k is a rip off.

Posted by: guest at April 1, 2008 7:39 PM

so many idiots all of whom have probably never even made an actual real estate investment in their life

5:34, 7:39

Posted by: daveinbedstuy at April 1, 2008 9:46 PM

Montrose aka CHP, you fraud. You are not welcomed. Bite me.
Maybe you should change your handle again?

"Cohesive understandable sentence"??? what's that? the pot calling the kettle black. Give me a break.

Do you really have to be such a wannabe know it all ass kisser day after day?

Posted by: guest at April 1, 2008 10:24 PM

7:39: Did you pay your landlord today? If not, you are late with the rent.

Posted by: guest at April 1, 2008 11:17 PM

I've been living in Bed-Stuy for three years, and I walk by the 400 block of Stuyvesant on the way to the train. I'm not going to take the side that the neighborhood is definitely going to skyrocket in value. Nor am I going to say that it's a hopeless case. I have to honestly say, after being here three years, in two different parts of the neighborhood that I just don't know.

On my block alone, Monroe between Stuyvesant and Lewis, there are six homes for sale, and they've been on the market at least since I moved in in October.

This past Monday, at 6pm, I heard many, many rounds of machine gun fire, probably about a block away. Forty five minutes later, an NYPD helicopter was circling the area, flying really low above the rooftops.

Stuyvesant Heights is lovely. There are things going on at the northern edge of Bed-Stuy, near Broadway, where I used to live. The center of Bed-Stuy where I am now? The schools look great. There's a charter high school for Science, Technology and the Arts a block away. But then again- there are barely any decent restaurants or food markets. The two closest laundromats are constantly in poor repair. It's almost a mile walk to any train.

So I guess I wonder how anyone can be so sure what's going to happen to Bed-Stuy. It's a neighborhood full of contradictions. As for me, I'm ready to move somewhere that has a few more amenities. I think it might take a while for those things to happen here.

I used to be of the opinion that you'd have to be really ignorant not to want to buy a home here if you were in the market for a brownstone. But honestly, I can't see owning a home in a neighborhood that has so few basic services. It doesn't seem so bad until you have to live it every day.

Posted by: guest at April 1, 2008 11:23 PM

10:24, not welcomed by whom? You are the only person complaining, and it's not your blog, so who cares?

Don't be jealous because I have a better grasp of the English language than you do. Get educated, so I don't have to keep trying to bring you up to speed. The only ass around here is you.

Posted by: Montrose Morris at April 1, 2008 11:27 PM

11:23: The A and C are not a mile away from your house.

If you could afford a better neighborhood, why in god's name are you renting in Bed-Stuy? If this is the only place you can afford and you think you can just pick up and go to a better hood with more services, you are on crack. You couldn't afford it before and you won't be able to afford it later.

As for buying, if you rent in Bed-Stuy you can't afford Bed-Stuy. Have fun living in the Midwest in a year or two.

Posted by: guest at April 1, 2008 11:35 PM

11:23 I think the services that you are looking for are in the city... I have been here for 2 years and mostly every think I need is in the area. I never have to leave my area to get what I am looking.. ok maybe good Italian food or something but over all I have everything I need right here... I think If you don't like it here you should leave...

Posted by: guest at April 1, 2008 11:37 PM

I have to agree MM is far more eloquent than 10.24. What the devil does "you are not welcomed" mean. Sloppy words, sloppy thinking.

Posted by: guest at April 2, 2008 9:07 AM

MM, jealous? oh please.... dont get ur panties in a bunch.

You're right I dont own this blog and I didnt mean "you are not welcomed" HERE. I hope I didnt make you cry from my typo and poor usuage of your english language. My bad.

You="Thanks for the laugh".
Me= "you are not welcomed".

The only complaint I have is your lack of conviction. Other than that, good job on the smoke screen.

9:07 I really dont give a rat's ass about being eloquent on a blog. Do the world a favor print this thread, roll it up tight, then shove it up your sloppy ass.

I is finish.

Posted by: guest at April 2, 2008 10:03 AM

And thank G-d you are, 10:03. I can't tell if you intentionally go out of your way to sound unintelligent or you simply have no choice but going after MM only points up the fact that you are outclassed, outmanuvered and out of your league.

Hope ou get help for that scatological obsession of yours- yours must be a sad life spent in the basement of your parents house, reading porn magazines and wondering why life is passing you by.

-Cheers to MM

Posted by: guest at April 2, 2008 11:16 AM

comedy

Posted by: guest at April 2, 2008 11:27 AM

"G-d"
Are you afraid of God?

Biff- For the record MM came after me, and she knows this by using the old "your grammer is bad" smoke screen. The same one you frequently use.

"outclassed, outmanuvered and out of your league"

Stop posting out your ass.. you know nothing of me.

Posted by: guest at April 2, 2008 12:11 PM

Prices in a neighborhood do not tell you everything you need to know about income levels there. Not everybody spends every single dime they have or can qualify for, on their house. Plenty people who buy a house in "fringe" neighborhoods could afford a $2 to $3 million house in another area. We could. A few of our neighbors could. But we made decisions about schools (private) and our lifestyle (travel, being able to transition into our own business, being able to go away all Summer) that made us choose not to be house-poor.

Posted by: guest at April 2, 2008 1:07 PM

actually 12:11 I can tell quite a bit about you from your posts. If your best shot is "Stop posting out of your ass.." that says it all right there. FYI- your grammar still stinks and you are still outclased, out maneuvered and out of your league.

As for my rendition (ooh- big word. Hope you can understand it)of G-d, it happens to be a religious tradition of showing respect for His name (not that you would understand that either).

-cheers for MM

Posted by: guest at April 2, 2008 2:05 PM

How petty can you get? Do you get off on "best shots" or reading your big words in print on brownstoner? Get a life, a partner or end yours.

How savvy of you.. So in your religion or cult you can use "God" in vain, if you remove the "o"???

God has no name in my religion. So he's cool with me if I write God.

May you burn in dictionary hell you sodomizing hypocrite.

Posted by: guest at April 2, 2008 2:58 PM

"How savvy of you.. So in your religion or cult you can use "God" in vain, if you remove the "o"??? "

Oh dear- another religious nut on the loose. No you ignoramus- that's not the reason. It's because His name is sacred- but hey, what did I expect? Your English is terrible, your thought processes show a severe lack of intelligence and an inability to hold a discussion without resorting to obscenities and isults. And on top of that you're so touchy. You can dish it out but you can't take it. Tsk tsk. Yet you persist- I think if anyone loves to see themselves on B'stoner, it's you. It's just sad you haven't figured out that your presentation works against you.

By the way, is your G-d cool with you saying things like "Get a life, a partner or end yours?" Mine isn't.

"May you burn in dictionary hell you sodomizing hypocrite." Funniest thing you've written- was that by accident or do you actually have an IQ in the 3 digit range? Hard to tell with you. Hmmmm...on second thought anyone who thinks calling someone a sodomizing hypocrite wins them debate points is probably just not that smart.Sorry- was that too petty for you?

Posted by: guest at April 2, 2008 4:15 PM

debate points? Yep still pretty petty to me.

Posted by: guest at April 2, 2008 5:34 PM

well, you live in a world of low expectations and few accomplishments.

Posted by: guest at April 2, 2008 8:08 PM

See 8:08 that's my point right there^^^^! that last comment came straight from your ass.

Posted by: guest at April 2, 2008 11:58 PM

Back to the big house its just beautiful... One of the best looking HOTD we have had on here in a awhile..

Posted by: guest at April 3, 2008 1:10 PM

Back to the big house its just beautiful... One of the best looking HOTD we have had on here in a awhile..

Posted by: guest at April 3, 2008 1:11 PM

« Co-op of the Day: 279 Sterling Place, #1B StreetLevel: Blue Ribbon Nixes Slope's Late-Night Snacks »

April 1, 2008

Houses of the Day: 404 and 408 Stuyvesant Avenue

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