Buying property in BedStuy NOW – am I crazy?
I’m in contract to purchase a 4 story brownstone in Bed Stuy for 899k now. Have gone through a few hurdles w/ the mortgager over the past week (but finally settled on a 6.25 rate on 750k financing). The house is beautiful on a great block, but still needs lots of work. Given current market conditions, am I crazy to buy this property now, or am I making a good move?
