hoyt-street-0309.jpgWhat is it about stories about people who scored beautiful houses in Brownstone Brooklyn three decades ago that are at once so irresistible and envy-inducing? Whatever it is, The Times served up another dose this weekend in its Habitats column. In this case, the lucky owners are a charming couple that met at Pratt in the late 1960s before nabbing their 22-foot-wide brownstone on Hoyt Street in Boerum Hill in 1973 for a cool $49,500. Of course, there’s the requisite context of urban grittiness to smudge our rose-colored glasses. Wyckoff Street was an open drug bazaar, with guns and hookers everywhere, said Frank Cusack, one half of the pioneering real estate couple. Decades of block association work and one celebrity couple neighbor later, of course, Hoyt Street is a whole different animal, though Ms. Cusack still conducts her exercise classes for neighborhood ladies in the parlor floor living room. The couple just finished a renovation (a conversion of the garden floor to a rental), the last of many in the 36-year span they’ve occupied the house.
Shrink or Expand to Fit [NY Times]


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  1. It’s you, Bobby.

    The long haul argument is dead. It deceptively leads one on to think that we’ll see 2008 prices again (real terms) before we go or before we’re too old to enjoy them. Even the couple above will feel it.

    ***Bid half off peak comps***

  2. “Come off it ‘bid half’…Everyone thought we were crazy to buy a brownstone.”

    Not ’til half off, Bobby (or ’til Case-Killer tells me otherwise). That was the 90’s when fear still ruled from the last fallout. Only I and a few others would have called you crazy if you bought in the 00’s. I should have warned not to try this at home if you bought within the last five years, maybe not ten. Anyhoo, the depreciation will come as an expected (albeit not welcome) rescinding of all or some of that ‘bonus’ or worse, ‘submersion’.

    ***Bid half off peak comps***

  3. “expectation of a return on [my] money”??

    Come off it “bid half”.

    Everyone thought we were crazy to buy a brownstone. I certainly expected a nice place to live, long term, but the appreciation came as an unexpected (albeit not unwelcome)bonus.

  4. “Good sport, BHO. You coming Thursday??? I’ll be the one with the “Biff” nametag!!!”

    Naw, baby duty (yeah right, excuses excuses). No way you guys are softening me up.

    Team Bear…We Go Hard We Go Hard…

    ***Bid half off peak comps***

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