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House of the Day: 471 Decatur Street

Categories: Bedford Stuyvesant, HOTD

471-Decatur-Street-112409.jpg
When 471 Decatur Street was an Open House Pick back in June of 2008, its asking price was $895,000. Now the three-story brownstone is listed for $695,000. Though it's located in one of the nicer parts of Bed Stuy and is in decent shape, we suspect the lower price still isn't a lay-up. If we had to guess, we'd say this goes at closer to $650,000. What do you think?
471 Decatur Street [Location Location Location] GMAP P*Shark




By Brownstoner at November 24, 2009 1:13 PM | Comments (39)

39 Comments

By BSD on November 24, 2009 1:18 PM

"extra special professionally landscaped garden" along with that picture has to be a nominee for exaggeration of the week. Not familiar w/the area, but overall seems nice. Is the $1,300 rental income "potential" current reality for the area?

By daveinbedstuy on November 24, 2009 1:20 PM

I haven't been over to that block but looks nice from Streetview. I'd say $1,300 is a bit of an exaggeration but $1,200 is probably doable, certainly $1,100.

By CarrollGardened on November 24, 2009 1:33 PM

Looks very nice.

By Amzi Hill on November 24, 2009 1:34 PM

I know this block well and it is truly beautiful. This house was most likely designed by Henry Hill, Amzi Hill son. The Hill and Sons architect believed in heavily in mill-work built-ins which I am sure this house has much of... I think 600K will move this house.

By cillmylandlord_again on November 24, 2009 1:38 PM

They are charging up to $1400 for 1 bedrooms in brownstones for Decatur in brownstones not nearly as nice as that one.

By Montrose Morris on November 24, 2009 1:39 PM

It's a nice house on a great block. I'd say around $650K, too. I wish they hadn't slathered white paint on every stick of woodwork, especially that pier mirror.

By BKREGUY75 on November 24, 2009 1:41 PM

From what I understand this home is in contract and has been for at least 2-3 months.

By Minard Lafever on November 24, 2009 1:42 PM

$600,000 seems like a fair price for this nice middle-class house. But since this is Brooklyn, I can only assume that it is due to a very poor location.


By Maly on November 24, 2009 1:43 PM

This is a very pretty house, and looks nicely renovated too. I really like the realtor's website too, it looks like a house you have to see in person.

By daveinbedstuy on November 24, 2009 1:45 PM

The widget will underprice this one.

By bkny on November 24, 2009 1:52 PM

i think this is price right for this block. this house is completely in move in condition with a ground floor rental, which is also ideal. i hope they get their price.

bkre- do you know how much the contract is for?

By daveinbedstuy on November 24, 2009 1:56 PM

This house would be over a million dollars in Ft Greene or Clinton Hill. Do you really think the further three miles west and the additional 4 minutes on the A train warrants the price difference????

By Montrose Morris on November 24, 2009 2:01 PM

Minard, Decatur is one of the most beautiful stretches of Bed Stuy from end to end. This may be "far out there" for those used to the Bedford end, but these blocks are quiet and beautiful. Most of the homes here have belonged to the same family for generations, and need some updating, but have been well cared for.

By BSD on November 24, 2009 2:01 PM

Oh boy, again with the "this would be worth X in X neighborhood". zzzzzz

By Amzi Hill on November 24, 2009 2:02 PM

Is this house a little walk to the Utica A but whoever buys this still beats the Clinton Hill people that are on the C only...

By Montrose Morris on November 24, 2009 2:02 PM

That's Bedford end of Bed Stuy. I know Decatur does not connect with Bedford Ave.

By Minard Lafever on November 24, 2009 2:02 PM

"This house would be over a million dollars in Ft Greene or Clinton Hill"

That's what I am asking those of you familiar with the area why is this nice house so reasonably priced when we know that just a few minutes away by A train the prices are so much higher, especially as I am readng that this is a really nice block etc.?

By Amzi Hill on November 24, 2009 2:14 PM

Technically all of Decatur is in Stuyvesant Heights. The original planners of Stuyvesant Heights have the boundaries between Tompkins and Howard east-west Fulton to Gates south-north. Decatur starts at Tompkins the only landmarked part of Decatur is between Stuyvesant and Lewis but west of that area is calendared. This beautiful block will be landmarked I am sure in the future. the request for evaluation has been sent for this area called the Stuyvesant East Historic District.

By Minard Lafever on November 24, 2009 2:16 PM

Montrosse, I will make sure to explore the area a bit, I admit it is terra incognita to me, though I have lived in Brooklyn forever. I think Decatur is beautiful near the historic district but I do not know its eastern stretches.
I assume that such a tightly knit community is not so welcoming to outsiders of differing backgrounds and perhaps that explains the disparity in pricing.

By Petebklyn on November 24, 2009 2:27 PM

"I assume that such a tightly knit community is not so welcoming to outsiders of differing backgrounds and perhaps that explains the disparity in pricing. "--
to me it is probably more the opposite...the outsiders are not so welcoming to that community.

By DitmasSnark on November 24, 2009 2:29 PM

> Do you really think the further three miles west...
> warrants the price difference????

Are you implying location has something to do with price, Dave?

By Ringo on November 24, 2009 2:32 PM

That million dollar Ft Greene house would be double that and more if it were 3 more miles over in Brooklyn Heights or Cobble Hill.

By antidope on November 24, 2009 2:36 PM

that cobble hill th would be worth double if it were in the west village.

By dirty_hipster on November 24, 2009 2:48 PM

" but I do not know its eastern stretches."

" I assume that such a tightly knit community is not so welcoming to outsiders of differing backgrounds and perhaps that explains the disparity in pricing. "


uhhhh what??

By 11217 on November 24, 2009 3:03 PM

Uh oh, better get MAACO!!

I cringed when I read that too, DH.

Worse than BoCoCa.

By mopar on November 24, 2009 3:09 PM

I saw this house in person. It is in move-in condition. Floors on upper level slant, and stair might be pulling away from wall. I'd be sure to bring structural engineer to see what is up with that. Rental is like a two-room studio, with added bonus of large and lovely laundry room. Block is extremely beautiful, friendly neighbors. It is one block from projects on Bainbridge. It's quite large, so I'll say around $600,000,

By East New York on November 24, 2009 3:14 PM


The Bed Stuy house would be more than five million dollars if it were on Sutton Place.

By Brownstones Half Off on November 24, 2009 3:14 PM

Comps for this puppy will probably crash to 300 to 400 grand. You guys have no idea what's coming.

***Bid half off peak comps***

By LuvingModern on November 24, 2009 3:18 PM

This looks like one of Bed-Stuys gems and though not magazine perfect, it still looks very nice. Would I have painted white all over the woodwork? Probably not. I think closer to asking @ 685k.

By dirty_hipster on November 24, 2009 3:20 PM

this house would be worth 10,000,000 krona if Bjork lived in it

By mopar on November 24, 2009 3:28 PM

BHO, that is absurd. Comps for MY house are in that range. This house is worth more on multiple levels.

By daveinbedstuy on November 24, 2009 3:32 PM

The Bed Stuy house would be more than five million dollars if it were on Sutton Place.

Posted by: East New York at November 24, 2009 3:14 PM


And actually that's probably only 7-8 miles away.

By brklyn on November 24, 2009 4:43 PM

i have a place around this area, infact a few blocks further east. i have found that being in 'east' bed-stuy is not that big an issue as is always harped on in the bed-stuy location debates.

By slopette on November 24, 2009 4:56 PM

I'm pretty sure you can buy this house for $100 bucks in Detroit.

By Brownstones Half Off on November 24, 2009 5:58 PM

"Comps for MY house are in that range."

'ARE' today. 'HAVE BEEN' tomorrow.

***Bid half off peak comps***

By dubstey on November 24, 2009 6:12 PM

I moved to the area a couple of years ago and have felt very welcomed from the beginning. This is the most friendly neighborhood I've ever lived in.

By mopar on November 24, 2009 7:14 PM

Naaah, BHO, my mortgage is already cheaper than renting. Any lower and the investment vultures fly in. You're out of touch. Bed Stuy is very popular right now because it's so affordable, lots of folks buying houses there now.

By Brownstones Half Off on November 24, 2009 9:39 PM

"my mortgage is already cheaper than renting"

Naaah, mopar. Divide loss after half off by typical months of ownership (say 60 to 84) and add it to your monthly nut. That amount, your real monthly cost, is more expensive than renting. Having you compare only monthly mortgage to rent is the oldest broker trick in the book.

***Bid half off peak comps***

By Attention2detail on November 24, 2009 10:04 PM

>>>>>"Technically all of Decatur is in Stuyvesant Heights. The original planners of Stuyvesant Heights have the boundaries between Tompkins and Howard east-west Fulton to Gates south-north. Decatur starts at Tompkins the only landmarked part of Decatur is between Stuyvesant and Lewis but west of that area is calendared. This beautiful block will be landmarked I am sure in the future. the request for evaluation has been sent for this area called the Stuyvesant East Historic District."

Historic Decatur starts on Throop. I know this as fact because I own on that block.

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