371 Hancock Gets Its (Reduced) Price
After two price reductions (from $1.1 million to $995,000 in the early summer and another to $935,000 in August), the detail-icious brownstone at 371 Hancock Street finally sold for $931,500 in November, according to Property Shark. This flies in the face of some of the comments that were made in August like “Still overpriced…It moves…
After two price reductions (from $1.1 million to $995,000 in the early summer and another to $935,000 in August), the detail-icious brownstone at 371 Hancock Street finally sold for $931,500 in November, according to Property Shark. This flies in the face of some of the comments that were made in August like “Still overpriced…It moves at $850K tops” and “Many more appealing properties to pay close to a million for in the area.” Quite of vote of confidence for The Stuy!
371 Hancock Street SOLD [Corcoran] GMAP P*Shark
Brownstone Breakfast: Price Cut on Hancock [Brownstoner]
HOTD: 371 Hancock Street [Brownstoner]
I suppose I’m a “Bed-Stuy Basher” but I am glad that plenty of people like it there — enough of those people move in and it actually will be a decent place to take a stroll through. 11:39 — the simple fact that someone paid nearly a million bucks for a house in Bed-Stuy IS evidence it is “coming up” — whether or not the buyer is stupid. There are only so many people who can afford to spend a million bucks on a house before a neighborhood takes a step forward.
anon 3:45
Would you mind sharing your situation?
Size of the apt? Floor-thru?
Monthly rent?
Distance to the closest train?
I’m a tenant in this very home. Truthfully, the pictures don’t do it justice.
anon 2:21 is right . Most of the Bed Stuy bashers are the ones who wished they bought . Granted bed stuy is very big . Parts of it will take 20 yrs to change ,but ive seen a enourmous change in the 4 yrs ive owned there .
The Hate just won’t stop!
right – its too expensive to rent in bed-stuy. Now who is being ridiculous. Bed Stuy still is cheap at these pricesa, whether you’re buying or renting.
the only people who don’t want to admit to the changing neighborhood are the ones that didn’t buy when it was cheap cause its the ghetto. Now its too expensive for them to buy or rent so they are upset and think its insane to pay such high prices for these beautiful homes.
So, 11:39, a place has to sell with multiple offers in order to be legit? Have you ever been anywhere else in this country, or only NYC and L.A.? Everywhere else outside of NYC and L.A. it is not uncommon at all to sell a property and only have one offer. It only takes one offer. And if the seller can afford to wait until that one offer comes in at the price they want, then they hardly care what you think of how long it took, I’m sure. Everyone has to remember not all sellers are desperate to sell, with a deadline. If a seller is a retiree for example, then they’re going to hold out for more money.
Wow, even after it’s sold and the price has been confirmed, the haters still have to find a way to bash the Stuy.
Granted the $1.1MM price was a bit reaching, but to say that after receiving a 15% price cut it’s “stupid” is a bit over the top. I think after a while it settled into an appropriate price range. Maybe it just wasn’t for you is all.
Five years from now, hopefully Mr. B. will be able to give us some perspective from the Archives!