Bed-Stuy: 'Experiencing a Little Bit of a Depression'?
The New York Times took a look at Bedford-Stuyvesant this weekend as an area once considered one of the roughest in the city, but one with a rich cultural history where you can now smell gentrification in the air, mainly via the fragrance of higher-end retail. More interesting than the article’s notes on gentrification is…
The New York Times took a look at Bedford-Stuyvesant this weekend as an area once considered one of the roughest in the city, but one with a rich cultural history where you can now smell gentrification in the air, mainly via the fragrance of higher-end retail. More interesting than the article’s notes on gentrification is how it touches on current home values in Bed-Stuy: “‘We’re actually experiencing a little bit of a depression,’ said Tanya Blackwood, owner of Location Location Location, a real estate agency. ‘We’re back to where people are undervaluing houses—it’s just bananas.’ The neighborhood’s size makes it difficult to narrow down a price range for houses, but livable two-families generally start around $600,000, said Keith Mack of the Corcoran Group. A house in great shape, he said, might fetch $875,000. (Houses in the historic district still command a little more, but there are very few listed.) A perusal of Web sites like PropertyShark.com shows houses trading at or below $600,000. ‘I could’ve given you a general price point a year ago,’ said Lakeisha Edwards, a broker at Prudential Douglas Elliman. ‘But it’s now really property by property; in between those are so many short sales and foreclosures.'” Agree?
History, With Hipper Retailing in Bed-Suy [NY Times]
Photos by nvrlowdown
serpentor: Sorry I saw your post rather late.
As for location: Halsey is a bus block and the bus (B26) gets you to Clinton Hill, Ft Greene and Downtown rather quickly. The A/C at Utica, six blocks to the south, gets you to your destination rather quickly too. Not sure what other places you like to go, but if your better half needs some convincing, I can help provide ammo.
As for the roof, that is an easy fix. If you need a contractor, Millad of CTG construction lives a few doors down from here. He is a good guy, he does good work and is reasonably priced.
I hope you can move to the neighborhood.
Hmmm…. maybe not snippy enough 🙂
bxgrl, not only do I enjoy getting snippy but it entertains me to no end when I see people who can’t even understand a simple sentence. His lack of understanding of the point I was making in the senr=tence that included Babs Corcoran was simply to make the point that there haven’t been any real high-end buildings on the market since early 2008.
Inability to comprehend runs rampant on brownstoner. Is that too snippy???
actually works in finance…I hope it’s not in a fiduciary position because I don’t think you’ve understood one thing I’ve said here. You make a personal snarky comment and I can call you an asshole. You sounded like an asshole. You don’t seem to understand that either.
I think you haven’t understood one thing I said and you’ve added absolutely nothing to the discussion. What a waste of time.
AWIF (sorry- getting a little lazy here)- with all due respect, dave’s success is not the result of luck, but hard work, smarts and expertise. I realize you don’t know anything about him, but dave didn’t stumble over his success, he created it. You shouldn’t make the mistake of assuming because you don’t agree with what he says, that he doesn’t know what he’s talking about.
That said, yes dave can get snippy. It’s one of his more lovable traits 🙂
Italiana71- I thought b’stoner only existed to get our panties in bunches. 🙂
Bxgrl,
I made a snarky comment and he called me an A__h___. After that I think I can take a swipe or two. Dave is probably a nice guy, but he is a beneficiary of the government subsidized real estate bubble machine. He regularly defends artificially high real estate prices. And it grates me when the lucky, with respect to timing, claim to be experts. Fooled by Randomness by Nassim Taleb explores this cognitive error.
Again, nice guy, not an expert, who also has a a conflict of interest.
“I don’t ask my barber if I need a hair cut.” WB
I love how one man’s or woman’s opinion of a neighborhood (that being the author of the article) gets everyone’s panties in a bunch.
Actually works in finance- Atlantic is a very long street. And I happen to know dave- you can misconstrue all you like. Like he said- he wouldn’t be there is he didn’t want to be. But since he is in finance, I see no reason for him to not be able to express his opinion how he knows best. I hope at some point in your life you’ll be as successful as he is, with as much real estate experience as he has, but until then you shouldn’t be putting words in his mouth. And you have no reason to be insulting him.