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June 3, 2008
House of the Day: 456 Bainbridge Street

It's tough out there for a house in Bed Stuy. While houses in some of the more expensive neighborhoods in the borough continue to hold their value relatively well in the face of the national housing crisis, neighborhoods like Bed Stuy, which has had its share of subprime and foreclosure problems, are having a tougher go of it. Take, for example, the case of the 456 Bainbridge Street: The three-story house still has lots of original detail in the owner's duplex and a two-bedroom apartment on the top floor to help cover the mortgage. It's been a long, unfruitful sales process thus far. The house hit the market last July for $695,000 and has undergone three price cuts since, culminating with that week's that brought the asking price to $525,000. Think this will be the magic number?
456 Bainbridge Street [Douglas Elliman] GMAP P*Shark
Price Cuts at Bed Stuy Townhouses: Is This a Trend? [Brownstoner]
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no
Posted by: guest at June 3, 2008 1:27 PM
There's the HOTD for all of you complaining that Mr. B only puts up stuff that's expensive. Go for it!!!
This is the perfect entry point for any renter.
Posted by: Bold type guest at June 3, 2008 1:32 PM
Perfect entry point for a renter?
To invest in a neighborhood which is spinning out of control with crime, foreclosures and dropping prices??
You really have it out for the renters in this city, don't you BTG...
Posted by: guest at June 3, 2008 1:40 PM
thats cheap.
whole house for 2600 a month. I could see a group of people pitching in to buy.
Posted by: guest at June 3, 2008 1:45 PM
1:40...when you buy a place its not a 1 or 2 year lease!!! It's an investment for the loner term, unless you're savvy enough to flip it in 2 years.
Some of my best friends are renters anyway. It's $200 per sq. ft.!!
Posted by: Bold type guest at June 3, 2008 1:49 PM
here we go again with the ignorant comments about bed stuy. for those of you who don't live there: i do, and its a wonderful neighborhood with no crime at all. its also a very large area of which some parts are better than others. this house happens to be in a much less desirable area. we bought a year and a half ago and this would not have fetched more than this price then. i don't think this has anything to do with the subprime mortgage crisis the house was just overpriced for the area. it seems like at this price its a pretty good deal now though, i think it will sell
Posted by: guest at June 3, 2008 2:01 PM
If someone was interested in this house, which on the face of it, looks great, the smart thing to do would be to call the precinct and ask about crime stats on this block, or the areas near the nearest subway. To go by the usual fear mongering on this site (Bed Stuy = horrendous crime, etc) makes no sense.
As stated by many people on many occasions, Bed Stuy is HUGE. Check the foreclosure map for activity in the immediate area, not just Bed Stuy as a whole. Base your choices on the actual reality of this block, this house. Drive by there, get out and walk around, talk to people, ask around at the corner bodegas, businesses or churches. If the house is worthy, structurally, etc, then this price is as good as it gets in Brownstone Brooklyn, price wise. It looks like a great house.
Posted by: Montrose Morris at June 3, 2008 2:02 PM
It is a nice house, although the pink and maroon paint job is not to my taste.
For the intrepid homesteader, this area is no more out there that Fort Greene was twenty years ago.
Posted by: guest at June 3, 2008 2:03 PM
House is cheap but as a white male w/ wife & child, you couldn't pay me to live in that 'hood. Too risky for us white folk. If I were black, I'd jump all over that
Posted by: guest at June 3, 2008 2:05 PM
This is how the neighborhood will actually get gentrified- the gentrifiers will see a price point that makes sense for the investment, and they will be the longer term owner, not the market fad flippers. Bed Stuy architecture is amazing. Long term (like 10-20 years) people should be bullish on bed stuy. Anything that happens much quicker won't stick and will just be a deviation on a longer term trend.
Posted by: guest at June 3, 2008 2:07 PM
"i do, and its a wonderful neighborhood with no crime at all."
LOLOLOLOLOLOLOLOLOLOLOLOLOLLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOLOL
Posted by: guest at June 3, 2008 2:09 PM
Spinning out of control? Hardly. Of course maybe you could lowball an offer. For most of us it is only in neighborhoods like Bed-Stuy that we can afford a house. Many wouldn't be comfortable there, perhaps, but for others it can be a place to engage in the renovation and community-building which so many of us enjoy. Obviously if your reaction is "I can never imagine living there" then you shouldn't. While this is pretty far east of Stuyvesant Heights, it does seem to be located near a number of different train lines.
Posted by: Putnamdenizen at June 3, 2008 2:10 PM
Price chop another 200K and that should get the deal done.
Posted by: guest at June 3, 2008 2:11 PM
Montrose Morris and 2:01...2:05 just proved your point.
Posted by: daveinbedstuy at June 3, 2008 2:12 PM
Is Howard ave still Bed stuy ?
Posted by: guest at June 3, 2008 2:13 PM
before someone comments on 2:05 there have been a number of times people have commented on areas black people shouldnt live because the white people there are crazy racists.
either way its retarded
Posted by: guest at June 3, 2008 2:15 PM
"House is cheap but as a white male w/ wife & child, you couldn't pay me to live in that 'hood. Too risky for us white folk. If I were black, I'd jump all over that"
There are a lot of white people, with families living in Bed-Stuy right now. But I think you're right - I don't think you sound like you are ready to live there.
Posted by: guest at June 3, 2008 2:20 PM
"House is cheap but as a white male w/ wife & child, you couldn't pay me to live in that 'hood. Too risky for us white folk. If I were black, I'd jump all over that"
There are a lot of white people, with families living in Bed-Stuy right now. But I think you're right - I don't think you sound like you are ready to live there.
Posted by: guest at June 3, 2008 2:20 PM
It's people who say that Bed Stuy has "no crime at all" that makes me feel like I'm being sold a home by a used car saleman/mattress discounter/telemarker all in one.
So unhelpful.
Posted by: guest at June 3, 2008 2:20 PM
"House is cheap but as a white male w/ wife & child, you couldn't pay me to live in that 'hood. Too risky for us white folk. If I were black, I'd jump all over that"
There are a lot of white people, with families living in Bed-Stuy right now. But I think you're right - I don't think you sound like you are ready to live there.
Posted by: guest at June 3, 2008 2:20 PM
Honestly speaking, you have to look at a lot of these different streets in Bed Stuy street-by-street. That was the way you had to go about Upper West Side Harlem. Now you can't get a shell on a lousy street up there for less than $1MM. Not every street is going to be to your liking...maybe too many ugly buildings, maybe too close to a "loud" or "sketchy" corner, maybe too far from a half-way decent grocery. Difficult to go wrong at $200 psf. there isn't any neighborhood that's really on a decline anymore ('cept maybe East Village...LOL)
Posted by: daveinbedstuy at June 3, 2008 2:20 PM
Bed Stuy is okay. Most people can be perfectly happy living in a third rate neighborhood.
Posted by: guest at June 3, 2008 2:22 PM
There are a lot of white families in Bed Stuy? How many is a lot? In this part of bed Stuy?
Posted by: guest at June 3, 2008 2:25 PM
I'm 2:05pm. Alls I be saying is I'm white & I drove through that 'hood on sunday w/ wife & baby in tow. Got mean looks from the locals. It be too dangerous for us white folk. I'm not ready to gentrify a hood all by myself. God forbid the locals ever mistook me a for a Jew. Don't know what then would happen
Posted by: guest at June 3, 2008 2:29 PM
Well 2:29, in fact no neighborhood welcomes white trash!!
Posted by: daveinbedstuy at June 3, 2008 2:36 PM
2:22...Don't you mean third world country?
Cause this area of Bed Stuy ain't too far off...not a good locale, to say the least...
Posted by: guest at June 3, 2008 2:38 PM
Superfun fact of the day (stop the presses for this one) ... black people get mugged. Young black men, even!
2:05, If you're worried that some drug addled burglar might climb through your window, stop pretending it has anything to do with race.
If you're worried that the local youths won't give you a warm welcome, you're probably right and you should stick to Park Slope where there's no racial tension at all and you'll never be the victim of a crime.
Posted by: guest at June 3, 2008 2:46 PM
ask a black person to move to howard beach
no way in hell they will.
same thing
Posted by: guest at June 3, 2008 2:52 PM
These blocks in Bed Stuy have NOT been gentrified by white people moving in. They have been gentrified by the existing long-term residents of each block individually. They were the ones who put an end to crime in their neighborhood and they were the ones who planted the gardens that won the award last year.
Posted by: daveinbedstuy at June 3, 2008 2:57 PM
Lets be honest, this isn't even "prime" bed-stuy....if there is any such thing.
Posted by: guest at June 3, 2008 3:05 PM
The reality is that much of the increase in Bed Stuy prices of the last 3 of 4 years were due to the fact that you could buy a place with no money down, and no verification of your income.
It allowed people with very modest actual incomes to become homeowners. So, a lot of the people who lived in the area (which is not wealthy), could own a house -- and this DROVE UP PRICES, as they saw a house as a way to make an investment.
Now, however, you need 10-20% DOWN, DOCUMENTED INCOME AND GOOD CREDIT! This drives away many many of the people who would otherwise find this neighborhood to be a good fit.
So, this DRIVES WAY DOWN THE SALE PRICES, and falling prices drive away other potential purchases, further devaluing the property.
That said, I think more price cuts are needed. When you can get this place for $40K DOWN, it will sell. Not until then.
Posted by: guest at June 3, 2008 3:06 PM
The price is actually lower than other houses listed in that neighborhood, but priced about right, IMO. The property is in lis pendens, which may explain the lower price. The foreclosure maps show a significant number of defaults in Bed-Stuy.
I've been looking at homes in Crown Heights and Bed Stuy for several months and the real estate agents seem to be guessing ($950? 750? 550?). While the house looks nice, it's pretty far east and the walk to the Ralph Ave. subway is not great. So $525 seems about right.
Posted by: laurie at June 3, 2008 3:17 PM
3:06 you have a very bizarre grasp of economics and the property market.
Posted by: daveinbedstuy at June 3, 2008 3:18 PM
This house is all the way over between Howard and Saratoga Aves, equidistant between the J train at Halsey and the C train at Ralph Ave. -- As pointed out earlier, on the eastern edge of Bed Stuy. Hence the price differential. I think it'll sell at $495K.
Posted by: guest at June 3, 2008 3:23 PM
i think this sounds like a pretty good deal for the right person, obviously not the white guy who drives through the neighborhood at top speed and already knows he can't hack it there. it's a self-correcting system.
Posted by: Jimmy Legs at June 3, 2008 3:27 PM
Dave, you have a very dellusional view of your neighborhood. Rose colored glasses.
While, no not many blocks of Bed Stuy have been gentrified by white folk, this particular block has not been gentrified by anyone as of yet. It's not nice. Nor are 75% of the blocks in Bed Stuy. LONG way to go to get your hood up to the level that prices for the past few years were asking. You do, at some point need to realize that you are one of the people who we hear about in the news with a home worth less than what your mortgage payment might dictate. That doesn't make you a bad person, but you need to accept it. Bed Stuy is still VERY much a fringe neighborhood. I'd say maybe 10% of the NYC white population would feel comfortable living there. Until it's more than that, things are not going to change. Decades of horrible decline and PR for Bed Stuy are not going to change because you spent a million dollars for your house.
Posted by: guest at June 3, 2008 3:30 PM
I love the comments on here deliberately ignoring the (personalized) anti-white racism that exists in some parts of Bed-Stuy and professiong outrage at the very suggestion of such. (Yes, we all know anti-white racism is acceptable etc etc)
But answer me this - do you live in the real world or a hypothetical normative world? You may not be racist, your neighbors may not be, but can you say the same for everyone in your neighborhood? If so, Bed-Stuy is a one in a million place.
Posted by: guest at June 3, 2008 3:39 PM
The guy claiming to have gotten stares from people when he and his wife and baby drove through the neighborhood is clearly not a real poster (i.e. he is just a troll), and really shouldn't be bothered with. And I don't recall ever reading a post saying a neighborhood is off limits for black folks (and what neighborhood would that be in brownstone Brooklyn - no on second thought, just drop it).
I wonder how this house would compare to those on the Western (i.e. Clinton Hill) side of Bed-Stuy. Seems to me the biggest downside of this is that you couldn't walk to any of the things I like about Brooklyn - BAM, Brooklyn Museum, the parks, etc.
Posted by: Putnamdenizen at June 3, 2008 3:41 PM
I understand 2.05's comments, why the fuss? You couldn't pay me to live in Howard beach with its KKK thugs. No different to what this guy's saying.
Posted by: guest at June 3, 2008 3:42 PM
Can people PLEASE stop spelling delusional with two ls. It has nothing to do with the computer company.
Posted by: guest at June 3, 2008 3:44 PM
3:30...I have no rose colored glasses nor am I dellusional about each and every street in Bed Stuy being worth buying even at this place. You tripped when you made that logical leap
You have no idea about what my mortgage looks like. In fact it was 37% of the purchase price and I took it because money was cheap then....less than 5%. I sold my Manhattan condo where I was paying $3,356 per month in mortgage, taxes and CCs. I now shell out $1,200 net for my 2,560 sq.ft. brownstone with period details, parlour deck, lanscaped yard, 9' X 14' marble ensuite bath, blah, blah, blah.
Don't presume to know anything about your sorry state of affairs to comment on them though.
Bitter?
Posted by: daveinbedstuy at June 3, 2008 3:44 PM
I own in Brooklyn Heights, Dave. How is your presumption (a very wrong one) any different exactly?
Posted by: guest at June 3, 2008 3:50 PM
3:44 I apologize.
3:39 what the hell is personalized racism???
Posted by: daveinbedstuy at June 3, 2008 3:50 PM
Dave's bitter that he's still the only cracker on his block & fears for his life everytime he comes out past dark. He's praying for white folk to move in. Sucka!
Posted by: guest at June 3, 2008 3:54 PM
3:44 DELL $23.62 +0.82 as of 3:52
Posted by: daveinbedstuy at June 3, 2008 3:54 PM
Why the bars on the windows?
Posted by: guest at June 3, 2008 3:57 PM
3:50 I said that I didn't presume to know. Reading comprehension is not your strong point as was first verified in your 3:30 posting.
No way of really knowing where you live though, is there? Just an anonymous blogger.
Posted by: daveinbedstuy at June 3, 2008 3:58 PM
Dictionary Time
"Fringe neighborhood" means not enough white people. Or at least not enough of the kind of white people some white people would like to see.
People like Dave don't count, as his comfort and acceptance in Bed Stuy make him suspect.
See white guy at 2:05, whose insulting,(and poor)use of Ebonics at 2:29 shows the kind of attitude no neighborhood needs, in regards to mocking the homes of people who have been raising families in homes long paid for, for generations, minding their own business, a without a care of whether or not some white gentrifier approves or not.
Posted by: Montrose Morris at June 3, 2008 4:03 PM
OK, so everyone bitches that they can't afford things on Brownstoner. Then this comes along and you say you can't live here for what ever unfounded reason. This is why you will always be a renter. You can never make the leap. This is what is available at this price point. This house in Park Slope is out of your price range. This house in Fort Greene is out of your price range. This huose in Carroll Gardens is out of your price range. Deal with it. The price may be negociable, but not by much. This is the reality you simply don't want to believe. You want to own a brownstone? This is one of the few remaining areas where you can get entry into that world. If you don't believe that, you are kidding yourself.
Rent check was due on Sunday.
Posted by: guest at June 3, 2008 4:05 PM
"These blocks in Bed Stuy have NOT been gentrified by white people moving in. They have been gentrified by the existing long-term residents of each block individually. They were the ones who put an end to crime in their neighborhood and they were the ones who planted the gardens that won the award last year."
The long-term residents are the same ones who created the problems there in the first place too. Nobody drove into the neighborhood from somewhere else to sell crack and commit violent crimes against people. It was the residents themselves.
Posted by: guest at June 3, 2008 4:06 PM
2:29 are you saying you drove? like in a car?
You were driving through Bed Stuy slow enough to notice stares and you weren't cruising for hookers and you weren't on the right block for that anyway and you're saying there is anything interesting about the fact that a bunch of people were looking at you like "what is up with that white dude cruising with his kid in the back seat? I'm so confused." is interesting? It isn't.
Posted by: guest at June 3, 2008 4:11 PM
2:29 are you saying you drove? like in a car?
You were driving through Bed Stuy slow enough to notice stares and you weren't cruising for hookers and you weren't on the right block for that anyway and you're saying there is anything interesting about the fact that a bunch of people were looking at you like "what is up with that white dude cruising with his kid in the back seat? I'm so confused."?
Posted by: guest at June 3, 2008 4:11 PM
3:30/3:50 additionally, you don't know much about prices over there anyway. There has only been one or two properties that have sold for $1MM...certainly not mine. Try and get a better grasp of a whole neighborhood before you generalize about it.
I moved there because it IS a fringe neighborhood, not because it was the only thing I could afford. I now have signficant funds to invest in additional buildings there.
Also, you wrote "I'd say maybe 10% of the NYC white population would feel comfortable living there" I didn't know you were a sociologist by profession.
Posted by: daveinbedstuy at June 3, 2008 4:11 PM
If you think there aren't blacks in bedsty, crown heights, clinton hill and other neighborhoods who are racist and resentful of whites who move into the area, you are in serious denial.
There's a difference between being afraid to move to an area because you think you are going to be robbed or shot and not wanting to move to an area where the current residents think you don't belong. There are plenty of bitter black people in bedsty who resent any white person who has enough money to come in and buy a house at an inflated price.
Posted by: guest at June 3, 2008 4:12 PM
Its racism directed at particular members of an ethnic group (e.g. white males 25-40 looking yuppy) as opposed to blanket racism against the ethnic group in general.
Posted by: guest at June 3, 2008 4:16 PM
"You may not be racist, your neighbors may not be, but can you say the same for everyone in your neighborhood? If so, Bed-Stuy is a one in a million place."
There are racists in EVERY neighborhood. Mr. 2:05 lives somewhere.
Posted by: guest at June 3, 2008 4:18 PM
Montrose Morris...I like that word "suspect"
4:06 you are just a complete ignoramus.
4:05...few people on this site have a grasp of that reality!!!
Posted by: daveinbedstuy at June 3, 2008 4:18 PM
4.05 - unless you get your property tax arrears paid by next weekend we are selling your house in a tax sale.
The City.
Posted by: guest at June 3, 2008 4:21 PM
4:11...if there were hookers then there'd be more white people cruising the neighborhood but I'm not a sociologist like that asshat above who says she's from Brooklyn Heights (She had to spell it out so we'd know).
Posted by: daveinbedstuy at June 3, 2008 4:21 PM
4.18 - thats the point, there are racist in every neighborhood. Duh.
Posted by: guest at June 3, 2008 4:25 PM
as an owner (actually not white or black) in bed stuy, i am glad to see that the bland park slopeish types are staying away. most of the newer residents of all races are artists/creatives and find the area just as liveable as the les when the upper east siders were scared to venture into alphabet city...
Posted by: guest at June 3, 2008 4:26 PM
dave - are you saying that the crime in bed Stuy is committed by outsiders?
Posted by: guest at June 3, 2008 4:26 PM
First of all, as a black person and brownstone owner,I find some of the comments regarding race and real estate on this thread to be innane. Here is how I see it. Self entitled white people w/ resources move into brooklyn neighborhoods ( i.e. Fort Greene and Clinton Hill and to a far lesser extent Bed Stuy) then act as they've done you a favor... and have the nerve to find your presence threatining. The previous generation of white people abondoned these areas in fear of black anger manifested by social and systematic racism since the inception of this country. Anti-white racism ? That's exactly the type of bullshit and and self delusion that creates the animus that exists. These neighboorhood were redlined for decades disallowing the purchase of real estate en masse by the black underclass. Reclaimtion of previously abondoned neighboorhoods does not entitle you to dismiss the people who have been here just because you feel class discomfort. WTF
Posted by: guest at June 3, 2008 4:34 PM
"Anti-white racism? That's exactly the type of bullshit and and self delusion that creates the animus that exists"
You are so involved in your own story that you have no idea that anti-white racism exists? Plus you denigrate the people who move into the neighborhoods, instead of those too fearful to move in becuase of what they perceive.
You need some self-scrutiny.
Posted by: guest at June 3, 2008 4:41 PM
4.18 - apparently 4.34 thinks theres no racists in Bed-Stuy. You two should talk.
Posted by: guest at June 3, 2008 4:42 PM
4.34 - I hear your anger - but you lose credibility when you claim racism against whites doesn't exist in Bed Stuy. Folk will focus on that statement and discount the rest of what you state, however valid.
Posted by: guest at June 3, 2008 4:45 PM
4:21: My mortgage is so low, I have no problem paying it AND saving money. Nice try, Ms. Bitter.
4:34: There were plenty of black people who bought up the area when it was red-lined. If people didn't buy over the years it has to do with other reasons than red-lining. And yes, there is anti-white racism. Most people wouild call it racism. The more you try to deny that there are blacks who dislike whites simply because they are white, you will lose any argument you can come up with. Don't assume every non-black who moves into an area is self-entitled. By your very view point, you are a racist. WTF is right.
Posted by: guest at June 3, 2008 4:49 PM
4:34 "WTF" is right. As in WTF are you on about? Who are these "Self entitled white people w/ resources"? The whites you see in your neighborhood who don't respond to their new neighbors' angry stares and dirty looks with a "hi, nice to meet you"? Have you talked to these people? Have they ever said anything to make you think they believe themselves entitled to something others are not? And in what way are they not entitled to buy a house with their hard earned money that one of your neighbors wants to sell? You are a bigot. If you want to see a racist, go look in the mirror, not at your new white neighbors who are just people trying to buy a house and live their lives.
Posted by: guest at June 3, 2008 4:52 PM
The main point here is that Bed Stuy has HIGH CRIME!
You have to be an idiot to pay the prices of homes in Bed Stuy with the crappiest schools, no amenities and shootings every other night. It's absurd.
When homes in Park Slope were 550K, the neighborhood was lovely at that point compared to this strip of Bed Stuy.
And for the record...when I was last in Bed Stuy with my girlfriend (I'm white, she's black) we were nearly run out of the neighborhood from the hooting and hollering at us. Frankly, it was scary.
Neither of us have any interest in going back to a place where we were CLEARLY not welcome.
Stop denying it. It happens ALL THE TIME!!!
Posted by: guest at June 3, 2008 4:55 PM
The overwhelming assumption on this site that gentrifiers = White is mind boggling.
Many of the gentrifiers in Bed-Stuy and other neighborhoods are of color. When are people going to realize that NOT all Blacks are poor and uneducated. Gentrification is tied to economics not just race.
And, I can guarantee that many of these myopic comments are from so called Liberal Whites whose perceptions are still stuck in the 60's, whose few Black friends are the exception. Who if live in Park Slope and Blacks move next door are quick to worry about their property values.
For the most part, Whites moving to Bed-Stuy are struggling (slumming). Trust me, if they had money they'd be renting elsewhere. Ideally, in Manhattan. If not in Manhattan in Park Slope, or a more other "desirable" (code=with fewe Blackx) neighborhood.
On the contrary, many of the new homeowners in Bed-Stuy are professional Blacks who chose to live there. It pays to be Black and able to blend in in a "transitional" hood. The one time where being Black works to your advantage. HURRAy!! These new residents have more money than the struggling White hipster. Trust me. I know!!
Posted by: guest at June 3, 2008 4:58 PM
most white people do not feel like their "doing anyone a favor". They just want somewhere to live they can afford. Many things would be better if the majority of the people in bed stuy didnt think white people were taking over and destroying the area.
its the flip side of what happened in the 60's and 70's
Posted by: guest at June 3, 2008 5:02 PM
4:55 - you are a troll. You have posted the same bull repeatedly. You and your gf get attacked in every black neighborhood from Bed-Stuy to Crown Heights to PLG. Get lost you little liar.
4:58: Thank you for your post. I think people (of all races) refuse to accept that not all blacks are poor and not all whites are rich.
Posted by: guest at June 3, 2008 5:06 PM
Of course the comments are inane. This thread is populated with trolls (the KKK guy and the I'm scared to drive through Bed-Stuy guy [maybe the same guy]) who are just throwing crap against the wall to see if it sticks.
Posted by: Putnamdenizen at June 3, 2008 5:11 PM
"On the contrary, many of the new homeowners in Bed-Stuy are professional Blacks who chose to live there. It pays to be Black and able to blend in in a "transitional" hood. The one time where being Black works to your advantage."
That's exactly what 2:05 said that had him accused of being a racist. He said he considered buying there, went to look, and was treated negatively. He said he would buy there if he were black.
Posted by: guest at June 3, 2008 5:11 PM
woodside isnt really a desirable area and its filled with white people.
lets stop assuming just because theres black people, white people think the area sucks.
Posted by: guest at June 3, 2008 5:12 PM
As a current African American owner in bedstuy, I have to say something here. Why does it seem that folks on this board seem to equate improvement with the presence of white faces? I live on a block with a couple attorneys, a physician, a few bankers / hedge fund guys/gals and several other well to do professionals (“buppies”...I guess). All of us are black and most of us have purchased in the last 24 - 36 months at varying prices. The block (and surrounding blocks) is amazing. I actually enjoy coming home everyday and see people who look like me and are of means. (I hope that does not make me a racist since I consider my self a pretty hardcore liberal).
No bedstuy is not without crime and negativity, but it is truly an amazing place. Things will get better. My family is settled in for the long haul. I welcome every new face I see on the block and I also pay my respects to the elders who kept the block from falling into total despair.
Sure not every block in Bedstuy is as nice. However, I can tell you that as a black professional, my peers are moving to the neighborhood in droves. Last I checked our money was still green, and we all desire the amenities that our dollars can afford. Give it time, things are changing and will continue to do so. If you are afraid to come here, please don’t. Your fear is a contagion that infects the community and tends to attract the bad element. We need people in this neighborhood who truly embrace the cultural renaissance that is taking place in this beloved neighborhood of mine.
Our block is not without white people. There are several. They rent.
Posted by: guest at June 3, 2008 5:15 PM
5.11 - who is the KKK guy?
Posted by: guest at June 3, 2008 5:19 PM
Hey folks, I something better. Forget Racism, here come the flagpoles!
Bernanke Says Rate `Well Positioned,' Watching Dollar <-- Huh?
http://www.bloomberg.com/apps/news?pid=20601087&sid=alQst9kC7wV4&refer=home
June 3 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke signaled he's done cutting interest rates for now and raised his biggest concerns yet about the inflationary effects of the dollar's 16 percent drop in the past year against the euro.
Oh no..... You see the FED follows the Bond markets. At this point The Bond market is saying "Get Bent" and are dumping their Treasuries. Plus when the Chinese are done with the Olympics, they are going to tell the US to "Get Stuffed" and dump. What does that mean for you (Asshats)? HIGHER INTEREST RATES!!!!!!! Yes Asshats you will be trying to "Get out of the hood"!!! Honey call U-Hall, this Flagpole hurts, LMMFAO....... You are done and the topic of "Race" wont mean nothing................
The What (RUN!)
Someday this war is gonna end....
BTW Hey Dave In Bed Stuy.. I will give you 100,000 for your "Brownstone" Before it goes to 50,000.... The powers that be are going to pull the rug out from under you....
Posted by: what at June 3, 2008 5:19 PM
Actually this thread on Bed Stuy has been far more positive in the tone and nature of comments than what I've seen here for quite some time.
There are a few idiots that know nothing about the neighborhood, a few more idiots that are really clueless about real estate in general and most of the race comments have come from the typical master baiters looking to taunt and who are easily separated out from the very few real racists that, largely because of their stupidity, will always be here.
I see all of this as uplifting for the neighborhood, society as a whole, and; of course first and foremost, property values. After all, this is a real estate blog, make no mistake about it.
Posted by: daveinbedstuy at June 3, 2008 5:22 PM
man I hope interest rates grow up, it'll help my downpayment grow quicker.
Posted by: guest at June 3, 2008 5:33 PM
"There are a few idiots that know nothing about the neighborhood, a few more idiots that are really clueless about real estate in general and most of the race comments have come from the typical master baiters looking to taunt and who are easily separated out from the very few real racists that, largely because of their stupidity, will always be here."
Hey Dummy, you just got here. I bet you been in Bed Stuy for 2 years and in NY for 5 years. Now you Punktified Ass comes to the Stuy and now you a "expert" on this neighborhood. Dave give me a break.
"I see all of this as uplifting for the neighborhood, society as a whole, and; of course first and foremost, property values. After all, this is a real estate blog, make no mistake about it."
You saw a "Uplifting" of hot money and a Mutant Asset Bubble! You and the other "Asshats" thought you could price people out of a neighborhood but with the crash going on right now (YES CRASH) you and other are paying that you values don't go down the toilet.
Thats the reason why I hate this Blog so much! Brownstoner and others hype up fringe neighborhoods hoping that other "Asshats" come in. Yeah so and so is moving from the UWS or Soho to come to "Clinton Hill" WTF!!!! Are you nuts?! Why would any "White " person move to "tha hood", because they beLIEve the hype of this blog and others! Just pure BS! I hope you and others get what is coming to you.....
The What (Keep Praying)
Someday this war is gonna end....
Posted by: what at June 3, 2008 5:35 PM
4:55 - GENIUS. thank you. I looked in the $550-$650 range in the mid-90's and ended up in cobble hill, but no matter... EVERY place i looked at was safe and had amenities. For many of today's buyers, income has not come close to keeping up with the real estate boom, so they make the same now as i did then, and they do not have the option of buying in cobble hill.
buying in this part of bud-stuy would be impossible for the average NY'er with kids because it's a terrible neighborhood there for a "upper" middle class NY'er (who is kinda poor in the city housing-wise) regardless of your race.
this is why condos/coops are probably a better alternative in this price range - try the lorimer/graham area of williamsburg, kensington, ditmas maybe or greenpoint.
Posted by: guest at June 3, 2008 5:43 PM
Seriously, What, why are you such a fear monger...seriously? And dude, why can't you spell or proof read. Since you said you were a resident of bedstuy when the Slave theatre was in operation, I am going to take a leap and assume that you are black. Well if so, stop acting like a f-ing COON! Dude, I am embarrassed for you. Jesus man! I have been reading your incoherent rants and it makes you seem like you have never attended a proper school in your life. If so, just keep quite, maybe folks won't notice.
Sorry you grew up in the hood, sorry your life seems to suck, sorry that you wish you unhappiness on others, but chill the "f" out. You showing out like this is not helping anyone's cause.
Not sure why you pray for others to fail, but that kind of hate is some old school "crab in a barrel" self-hate that you probably blame on white people or something. You are a disgrace! I really mean it! I f-cking embarrassment!
Posted by: guest at June 3, 2008 5:49 PM
"Well if so, stop acting like a f-ing COON!"
Ding ding ding! We have a winner folks, no more numbers please...
"Sorry you grew up in the hood, sorry your life seems to suck, sorry that you wish you unhappiness on others, but chill the "f" out. You showing out like this is not helping anyone's cause."
Well... why all of the Asshats are trying to move in?
"Not sure why you pray for others to fail, but that kind of hate is some old school "crab in a barrel" self-hate that you probably blame on white people or something. You are a disgrace! I really mean it! I f-cking embarrassment!"
Well while we are at it, lets "see" some of those things. Illegal warfare (IRAQ), Killing people (Palestine), Covert Operations (Nicaragua's). Mutant Asset Bubble?Hype (Wall Street) and other stuff you would need a NSA clearance.
"You are a disgrace! I really mean it! I f-cking embarrassment!"
No Homeboy I'm the American Dream... I'm that dude.... I get under your skin like fire... Deep down Asshat you know I'm right, so right you used a racial slur.. I willing to bet you punk ass don't use that type of "Language" around real Black Men... Heh.....
The What (Gotcha..)
Someday this war is gonna end....
Posted by: what at June 3, 2008 6:11 PM
until gay white men start moving there, bed stuy will not be on the road to gentrifying.
Posted by: guest at June 3, 2008 6:26 PM
May 14, 2008
House of the Day: 204 Clermont Avenue
After being listed since February for $2,500,000, the three-family brick house at 204 Clermont Avenue is now on the block for $1,950,000. THIS IS NOT BEDSTUY!!! THIS IS FROM THE MORE EXPENSIVE NEIGHBORHOODS!!! CRIME??? OR THE MARKET???
Posted by: guest at June 3, 2008 6:33 PM
"until gay white men start moving there, bed stuy will not be on the road to gentrifying."
Umm, you don't spend much time on this site do you? Putnamdenizen posts here endlessly and fits the bill.
Posted by: guest at June 3, 2008 6:43 PM
5:15 - Thank you.
Posted by: Montrose Morris at June 3, 2008 6:47 PM
Um, guest @ 6:26, clearly you don't read the New York Times:
http://www.nytimes.com/2005/10/23/realestate/23habi.html?scp=7&sq=bedford-stuyvesant&st=nyt
June is Pride Month. Happy Pride ya'll!
--The Changeling
Posted by: guest at June 3, 2008 6:55 PM
the floorplan is very odd with bedrooms on the parlor floor. it is a small house, it will need a lot of work -and paint stripper. It is in a solidly african-american neighborhood so the buyer will most likely be african-american. my advise to them is that there are better houses in the area than this. This is a buyers market right now in bed-stuy.
Posted by: guest at June 3, 2008 8:25 PM
"Its racism directed at particular members of an ethnic group (e.g. white males 25-40 looking yuppy) as opposed to blanket racism against the ethnic group in general."
Thanks for the insight, 4:16. The next time the police profile a black male 18-30 who looks hip hop I'll assure them that it's only racism directed at their demographic, not the entire black race. That'll put 'em at ease.
Posted by: guest at June 3, 2008 8:39 PM
hey 6:26
get a clue-the western edge of bed stuy, bordering clinton hill has it's share of white , gay males-who own!!!!! must mean that the neighborhood is HOT!!!!!!!!!!!!!
Posted by: guest at June 3, 2008 8:50 PM
"For the most part, Whites moving to Bed-Stuy are struggling (slumming). Trust me, if they had money they'd be renting elsewhere. Ideally, in Manhattan. If not in Manhattan in Park Slope, or a more other "desirable" (code=with fewe Blackx) neighborhood."
The person who posted this is anasshole. I live in Park Slope land of boring...for too long now. I am white with wife and three children. We cannot wait to get out of the Capitol of obnoxious sense of self entitlement- subarudrivingmilitantdemocratknowitallsonbrownstonernaysayers! I have lived in Greenwich Village, Soho, Tribecca and the LES. I have several friends, white and black, that live in Bed Stuy. Even with out the ammenities, it is a far more interesting and inspiring neighborhood than Park Slope snoozzzzzzzzz! But please keep up the good word you are spreading. If it helps keep Park Slopers in park slope, I'm all for it....fool.
Posted by: guest at June 3, 2008 9:49 PM
5:15: Last line was a hoot. I am white and own in Bed-Stuy, but I love how you turned it on its head.
Hello everyone. Bed-Stuy is homo central!
The What just changes the subject when he has nothing intelligent to say, which is all the time.
The war is over. You lose. Get out.
Posted by: guest at June 3, 2008 10:11 PM
I am white, with black partner, who own in bedstuy for 5 years now. Neighbors were excited to see people fixing a house that was abandoned. We have been very welcome since the beginning. It feels like Mayberry more than a crime zone. Yes, there is crime here, but since we started, the difference is unbelievable!!! It feels so much safer. I feel ok jogging now, walking around, going to the cafes. And also, I agree with some previous posters, there are MANY wealthy black people living here who are gentrifying the neighborhood. Black doesn't equal poor! Black now often equals very upwardly mobile and rich! Fresh Direct rich! And hallelujah to that! Mindsets and prejudice really needs to change, it is getting old, real fast... Oh, but the block that the house is on that started this thread- it has a ways to go. Too close to the projects, lots of crime in those particular projects.
Posted by: guest at June 3, 2008 10:21 PM
I just have to comment on the whole owner/renter debate. Bitter renters - I think is what they are being called. Most of the owners posting this are forgetting they are just "renting to own" from the bank. And with the help of some bitter renters. Note: better hope some bitter renters do not decide to stop paying rent, because I'm willing to bet your not providing rentals out of the goodness of your heart.
Posted by: guest at June 3, 2008 10:40 PM
Thank you for the meaningless post, 10:40. Very helpful. Who needs renters. They are useless
Posted by: guest at June 3, 2008 11:55 PM
THIS HOUSE IS IN OCEAN HILL
Posted by: guest at June 4, 2008 12:30 AM
No one is talking about the fact that this is in the "bad part" of bed sty past Malcolm X.
I'm white and I'd consider Bed Sty, but not out there...
Posted by: slick at June 4, 2008 2:47 AM
8.39 - it isn't meant to be any less worse - why did you think that?
Posted by: guest at June 4, 2008 8:49 AM
seriously
does anyone posting on this site live within 5 blocks of this house?
I know some people that live on the other side of bushwick ave but thats more than 5 blocks from the house.
Posted by: Santa at June 4, 2008 8:58 AM
Here's a thought for real Brooklynites and true Brownstoners. We've made this BROOKLYN what it is today. The best place to be in NYC, home to one of the most desirable nabes in the country, host to the hottest writing scene ever, Hollywood East, an attraction to European travelers, and an unfortunate boon for Ratner's Nets. Now, there are no shortage of old-timers, people who left the city, manhattanites, and on-lookers who can't believe what Brooklyn has overcome to BECOME. (Just ask your neighbors in PS, CH, BH, PH, etc.)
We're foolish for not projecting the same amount of energy and enthusiasm toward Bedford-Stuyvesant. For years Brownstone Brooklyn has excluded this neighborhood, which has the most and best brownstones (fact, not opinion). We've all got a reason to love and support change in Bed-Stuy. Our future is tied up in Bed-Stuy's future. You can't get a seat in your local school cause families from Bed-Stuy are enrolling there. Ratner's arena is about to change the face of FG and PH. The push east has already begun and you may need to join in.
This is the new Brooklyn and it includes Bed-Stuy.
Posted by: guest at June 4, 2008 9:08 AM
Brownstoner, Why are you always beating up on Bed Stuy? Its your Clinton Hill a couple of years ago. The transformation of this neighborhood is fascinating and amazes me every day. It is far more interesting than anything that is happening in the slope which has essentially become the upper west side and only vaguely resembles Brooklyn at this point.
The problem with this property is that is was priced too high to begin with for the area it was in. As other commenters have pointed out- Bed Stuy is HUGE-its actually one of the largest neighborhoods in Brooklyn. The price is going to vary according to where it is, its proximity to the subway, what state the house is in, etc. This house is finally priced right and I think it will sell.
Posted by: HomeSweetstuy at June 4, 2008 9:23 AM
We do live 5 blocks from this house (north and west). My husband discovered this area when his J train skipped Halsey and he got off at Chauncey. It is a nice block, like many of those east of Malcolm X. See for yourself.
Posted by: guest at June 4, 2008 9:23 AM
5:43 - No GENIUS, thank you. What's the present value of that mid 90's $550-650?
Posted by: guest at June 4, 2008 9:25 AM
Yes this is in Ocean Hill read this: http://en.wikipedia.org/wiki/Ocean_Hill,_Brooklyn
Posted by: guest at June 4, 2008 9:32 AM
Yeah, 4:45. It's like that when you're afraid of the Dark.
No amount of rationalizing and assurances from Mom. "There's a monster under my bed! I'm sure of it."
Posted by: guest at June 4, 2008 9:45 AM
hey i live within 5 blocks of this house! yay for me. i'm over the bushwick border, but i like the area a lot, but could certainly see how it wouldn't be a lot of people's cuppa tea. saratoga park is lovely ...
Posted by: Jimmy Legs at June 4, 2008 10:35 AM
This seems to be in the far.It is almost queens. No?
Posted by: cgriggs at June 4, 2008 10:48 AM
Hey 11:55, go adjust the rabbit ears on your thrift store tv...careful not to knock it off the milk crate. And, is your B'stone a one family original w/out colored cement on the outside? Glorified brick filled stucco. Renters make it possible for most of the idiots like you to live here. Move back to Kansas.
Posted by: guest at June 4, 2008 10:56 AM
a cobble hill brownstone that was bought in '96 for $650K is probably worth about $2 million now (out of it for years, so guessing - it's small, but renovated). But, listen up - this area went bonkers price-wise because it was already a solid neighborhood in '96 like PS or CG.
This house here in the post is in the GHETTO. 10 years from now, it's not going to be worth $2 million.
And, you have to live there NOW! When i moved to CH in '96, it was lovely, safe and convenient with coffee shops, restaurants, cabs, italian deli's and butchers, etc... It was terrific right away.
People, do not go dropping this kind of cash on the hope of some day it won't blow. Move somewhere that is livable from day one.
Posted by: guest at June 4, 2008 12:50 PM
5th and 6th ave in Park Slope were GHETTO. The interior of Cobble Hill was also GHETTO. You must be new to Brooklyn, but old. Here, in 2008, GHETTO is no longer a place or neighborhood - it is a mentallity. There are GHETTO people in every nab in Brooklyn. Take a ride (you will be safe in your car) through Stuy Heights. Equal or better that all of Park Slope. No John J. either. Funny thing how all the people chiming in about Bed Stuy, live in nabs that were once crime-filled. Never hear from Brooklyn Heights one family mansion owners. Stop pretending to be at the top.
Posted by: guest at June 4, 2008 1:33 PM
Better for the what to act like a c*on than a j*w or he*b.
Posted by: guest at June 4, 2008 1:48 PM
"Our time for change has come."
Posted by: guest at June 4, 2008 1:57 PM
OH PLEASE! enough BS --- 1:33! i have lived in Brooklyn for forever. Cobble Hill, CG and of PS was not remotely ghetto 10 years ago.
this is idiotic!
this is a POS neighborhood. why are the people on this site so damn pigheaded?
Posted by: guest at June 4, 2008 2:02 PM
I can't speak to the specific area this house is in (as other posters have pointed out, Bed-Stuy is a vast neighborhood and the different parts of it have widely differing vibes) but I have spent 3 years living - and owning - in the Southwest corner of Bed-Stuy. And I'm white. In those three years I have had exactly one person express anti-white sentiments to me, and she was an off-her-meds type who would have found something to rant about regardless. (Maybe she was the What!) 99.9% of our neighbors have been friendly and many have gone out of their way to show us a warm welcome. Oh, and we're not the gentrifiers... there are several black families on the block who, by all appearances, earn quite a bit more than we do.
Bottom line, anyone of any color who is respectful, neighborly and doesn't have a huge chip on their shoulder would be fine living in Bed-Stuy. Unfortunately that disqualifies most of the posters on Brownstoner.
Posted by: guest at June 4, 2008 2:48 PM
Bedford Stuyvesant always gets a big turn out on this site. I think a lot of people are looking to move in this area no matter what all the negative people on here have to say... last weekend I saw about 20 moving vans full of young white people moving in the area... If it is so GHETTO why do they keep coming...
Posted by: guest at June 4, 2008 2:49 PM
WOW...26 hours later and comments are still coming in....fantastic. Although it does seem to be a rather slow day on brownstoner here today.
Posted by: daveinbedstuy at June 4, 2008 3:07 PM
Every open house that I have been to in Bedford Stuyvesant the turn out is always about 95% non African American... You stand in the AC platform at Nostrand or Fulton you see every type of people.
Posted by: guest at June 4, 2008 3:28 PM
Dave I think Bedford Stuyvesant is a interesting area good and bad... I think people that really want a nice should go there.. But I have to say I like the south west part of the area...
Posted by: guest at June 4, 2008 3:31 PM
you would think with Bedford Stuyvesant having over 4,000 brownstones the largest number of brownstones outside Harlem this site would have at least 2 HOTD of the area a week. Most people cannot afford 2 million dollar homes in Ft Greene.
Posted by: guest at June 4, 2008 3:40 PM
Anyone interested in investing in other Bed Stuy properties? We're looking at a number of mixed-use buildings and looking for additional investors??
Posted by: daveinbedstuy at June 4, 2008 3:51 PM
2:02 If you have lived here forever, why refer to only 10 years ago. how about 20? Getto, getto and ghetto! Brooklyn did not start 10 years ago fool
Posted by: guest at June 4, 2008 5:20 PM
Dave where in Bedford Stuyvesant?
Posted by: guest at June 4, 2008 5:41 PM
In 1990 most of Smith st. was terrible after 9 pm. That is Cobble Hill. In 1985 a building on 6th ave in Park slope sold for $16,000. That's right, sixteen thousand. Aboandoned drug house. In the mid 80's lofts in Soho sold for $60,000. Buildings in Tribecca (befor it was known as that) were sold for $1.00 by the city. They were drug riddled slums. The guy who has been around for ever must be between 12 and 25 years old.
Posted by: guest at June 4, 2008 6:17 PM
I cant believe it. 100 and something posts and this POS is not even in Bed Stuy......
Posted by: guest at June 5, 2008 1:58 AM
I'm disturbed by comments about alleged anti-white racism in Clinton Hill. I am one of those white latecomers you hear about, have been in this neighborhood for only two years. After twenty years in New York City I can say this is honestly the friendliest area I have lived in -- certainly light years friendlier than the Upper West Side or Lower East Side, areas where I lived for a long time.
To those who complain they're encountering hostility, I suggest you get back what you put out in this world.
As for the house, it looks a great entry-level opportunity. If I had had more vision and gumption, I could have bought a place like that here in Clinton Hill some time back instead of wasting my time renting in Manhattan.
Posted by: guest at June 6, 2008 10:38 AM

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