New Bed-Stuy More Like Old Bed-Stuy?
Bedford Stuyvesant was the childhood home of both Billy Joel Norman Mailer and Lena Horne, reports Globe St., and it’s posed to become such an artistically, economically and racially diverse neighborhood again. “In recent years, Bed-Stuy’s population has begun rebounding and the demographic mix of that population has been diversifying. Those with a historical bent…
Bedford Stuyvesant was the childhood home of both Billy Joel Norman Mailer and Lena Horne, reports Globe St., and it’s posed to become such an artistically, economically and racially diverse neighborhood again. “In recent years, Bed-Stuy’s population has begun rebounding and the demographic mix of that population has been diversifying. Those with a historical bent might point out that the demographics are returning to the kind of diversity seen here in former years.” Of course, some of that is code for white people moving in, and as we know from yesterday’s discussion of the reversal of what demographers call “white flight,” that doesn’t necessarily mean a neighorhood’s on the upswing. Here’s what they report it has going for it: Last year, the Bed-Stuy Gateway Business Improvement District was formed; most of the area still qualifies for the 421-a tax abatement program, despite changes to it in July; and they’ve seen an influx of retail — Home Depot, Applebee’s and a consumer banking center are cited. Wait, aren’t we the borough of Mom and Pop shops?
A Tree Grows in Bed-Stuy [Globe St]
Brooklyn Brownstones. Photo by sfcityscape.
la di da di: Were you a product of Bed-Stuy schools? And should we be lead to beleive that it is ok for non-whites to sacrifice their child’s future to save a few bucks?
The schools it Bed-Stuy suck. Why would a white family sacrifice their children’s future just to save a couple bucks on a home?
Tybur6, we are a family with young kids and arts jobs, so we fit this putative demographic. We don’t come from money, but we were able to afford a house in Bed-Stuy because we previously had a small apartment that quintupled in value during the bubble years. We can’t be the only ones with capital from such a source.
For a shell 300-400K
You know The most expensive brownstone house in southwestern Bedford Stuyvesant is around 1.2 million and the cheapest is around 250K the average is around 750-800K for a nice brownstone with details… For a brownstones in NYC these are the best deals
A shell on Verona Place for $200K?!! That street is adorable, and steps away from the A train. Anyone care to estimate what the construction costs would be to make a shell habitable?
Sebb… I don’t think it’s particularly high (FOR New York City), but I think it’s ridiculous to make statements like “great value for a young family or someone in the arts.”
I know you’re trying to say, Bed-Stuy isn’t the top of the heap so you need someone who is “willing” to live there… i.e., a young family “scraping by” or a artsy type that likes the “grittiness.”
But seriously… the average young family or art type does not have the ability to buy a three-quarters of a million dollar home. Unless they have money from some special source… but I guess you used the phrase “into the arts,” so you weren’t referring to artists – just relatively well-heeled folks that like art. So I stand corrected.
Hey (Tyburg6) if you think $700k is a lot of money for NYC than i think it is time for you to look into North Dakota Real Estate.
i disagree, i agree.