Bed Stuy Inquiry (Mother Gaston Blvd and Hull St)
Hello, I am not too familiar with Bed Stuy but would like others opinion on Mother Gaston Blvd and Hull St. How safe is the area? How much would a newly renovated 2 bedroom fetch? Is it worth investing for the long term (10 years)? Any thoughts would be appreciated.
guikazoid
in Quality of Life 12 years and 3 months ago
2
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dnk | 12 years and 3 months ago
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I live about 10 blocks away. I have been passed by there maybe a half a dozen times on bicycle over the past couple of years. Cate is correct about crime and checking out the area yourself, walking around, etc. I don’t find it so pleasant over there, streetscape is pretty bleak and it can definitely get loud. I understood your question as wondering about the long term investment of purchasing a property with rental income — could be worth it if the price is low enough.
cate | 12 years and 3 months ago
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Is that Bed Stuy? The city considers it Ocean Hill. I can only guess more people will continue to move into the area in search of reasonable rents as they are priced out elsewhere, but it’s only a guess. This is already happening where we are. Re crime, see the precinct report, check out the area yourself, talk to neighbors. Re rental prices, check Craigslist. A true two bedroom should run about $1,200 to $1,400.