The Horror, The Horror: New Build in The Stuy
Aw, man, seeing this ruined our day. Crap construction is a greater long-term threat to Bed Stuy than crime or racial tensions, in our opinion. The latter two problems can be improved over time, but an eyesore like this lasts a lifetime (or two). Does anyone know if this Lexington Avenue development is part of…
Aw, man, seeing this ruined our day. Crap construction is a greater long-term threat to Bed Stuy than crime or racial tensions, in our opinion. The latter two problems can be improved over time, but an eyesore like this lasts a lifetime (or two). Does anyone know if this Lexington Avenue development is part of a government-subsidized program or is this just the worst side of the free market in action? Who’s going to shell out $700K for this, anyway? Surely for $350 a foot one could do a little better. Heck, why not move to Gravesend.
Lexington Avenue 3-Families [Ardor NY]
I love your blog, but while terrible construction *is* a curse, crime and racial tensions FAR override that. No offense, and like I said, I like you and the blog, but that sounds ignorant. The only reason you can possibly entertain that notion is because crime is at a record low, and racial tensions are not at a point where where they could ignite that easily at the moment.
A little hyperbolic, perhaps, but the quality of the housing–and the income profiles and tax revenues it generates–certainly does have a big impact on the ability to improve other quality-of-life issues like crime (though maybe not racial tension, granted). It’s all a little chicken-and-the-egg, of course, and we’re hardly professing to be socio-econonomic policy experts, but bottom line is we don’t think this kind of building is a net positive for the neighborhood and it’s the kind of mistake that’s hard to take back.
love the legal 3 with 4 front doors
Investment property? The listing is unclear but if you could get $2000mo for each unit (not likely) your still loking at 10x the RR – unless your expecting huge spike in rents or major capital gain, not a very good investment where I sit.
agree on the landscaping, put some trees in front of the these buildings and some bushes to cover up the meters and this will look totally different.
Okay looks pretty crappy but I hope you were only using hyperbole when you said ” Crap construction is a greater long-term threat to Bed Stuy than crime or racial tensions” because if not you sound very foolish and very sheltered.
Besides with new front doors and some landscaping it will be nicer than 1/2 the stuff already in Bed Stuy
grrrrr, brownstoner! gravesend is only slightly better than crap? i’m offended!
I don’t think the cretins at Ardor understand the concept of square footage. I have walked by this place and it has to be much bigger than 2,000 sq ft. It completely fills a corner lot which is probably 20 X 100. That would make the 3-story building approx. 6,000 sq. ft. Even if it’s 15 X 80, it’s still 3,600 sq. ft. Who is giving these losers their listings???!!!
The price is right for an investment property. It’s ugly as shit, but if you could rent it out (even to Section 8), it might just be a decent investment.
hideous. I totally agree that nothing ruins a neighborhood like ugly new construction. and you’re right it will never go away. i wish i could buy up every vacant lot in bed-stuy to stop this scourge.