An Italian's New York Dream
The New York Times ran a profile last Friday about Francesca Basile, a 24-year-old Italian woman moving to New York with dreams of owning a sun-drenched apartment somewhere in the city. It chronicles her first search in Harlem, including the challenges home-buyers—especially international buyers—come up against, but she eventually finds a suitable condo in Clinton…
The New York Times ran a profile last Friday about Francesca Basile, a 24-year-old Italian woman moving to New York with dreams of owning a sun-drenched apartment somewhere in the city. It chronicles her first search in Harlem, including the challenges home-buyers—especially international buyers—come up against, but she eventually finds a suitable condo in Clinton Hill/Bed-Stuy, at 582 Marcy. The Times piece paints a happy ending, one of a young woman making her New York dream come true (with the help of her father’s funding), and we hope that Ms. Basile is happy with her purchase, since she seems to be the only person buying at 582 Marcy, according to StreetEasy. The only other sales activity there this year was back in April, and prices for units have been decreasing. But Ms. Basile seems content with her home, and once the market recovers, who knows? It could turn out to be a sound investment. GMAP
A Long-Distance Romance [NY Times]
582 Marcy Ave., sales history [StreetEasy]
are there any neighborhoods in brooklyn not in close proximity to housing projects?
sorry – that was rhetorical, the answer is obvi No.
what hood are the projects on marcy part of? bottom line – clinton hill is surrounded by projects even if technically there aren’t any in the actual area.
Oh come on, rf. You KNOW that broker put Clinton Hill “lipstick” all over that “pig”.
“no public housing (NYCHA) in clinton hill”
Whew! Dodged LG by a street width!
***Bid half off peak comps***
Clinton Hill is surrounded by housing projects at the north end but none inside. There are plenty in Ft. Greene but it doesn’t seem to have impeded the surge in prices.
Bed-Stuy is so big that there are lots of areas that are as far from projects as anywhere in Clinton Hill, which is tiny.
i can think of one big difference….no public housing (NYCHA) in clinton hill…the stuy on the other hand…
“does it even matter? is there really even THAT much of a difference between clinton hill and bed stuy? not really”.
Hey Pitbull that stuff matters like night and day. Just go ahead and check rental prices for both areas….massive difference on the average and ditto for land prices during the boom years. Like we stated earlier RE is overwhelmingly about location.
BTW Pitbull have you been to CH and or BS?
While we are glad this girl likes her place and seems happy in BS we cannot help but worry that she and her family may have been mislead into thinking this is Clinton Hill. As others have pointed out this is not even close to Clinton Hill. Guess personal happiness is really all that matters but some RE agent hyperbole or outright fabrication to a foreign family smells fishy to say the least.
Posted by: pierre de taille at August 24, 2009 12:33 PM
I went back and searched the article on the Times website–there was no mention of Clintonb Hill. The CH reference came here in the Brownstoner writeup.
So the father checked out each block and rejected one closer to Pratt but found this one good? That seems reasonable, but I’m not sure I’m reading the story correctly.
Ask the appraisers, PitbullNYC. It matters. Many times as much as a factor of two (St. James vs Macdonough, for example).
***Bid half off peak comps***