397 Jefferson Goes Into Contract...Finally
We received word this week that 397 Jefferson Avenue, which was listed as an Open House Pick back in December at $699,000, has gone into contract. The price? $650,000. At the time, one reader had this to say about the house: “Needs major work. I viewed it last week. Sagging ceilings etc. Need architect, engineer…
We received word this week that 397 Jefferson Avenue, which was listed as an Open House Pick back in December at $699,000, has gone into contract. The price? $650,000. At the time, one reader had this to say about the house: “Needs major work. I viewed it last week. Sagging ceilings etc. Need architect, engineer and contractor.” Compared to what people are used to, five months to get a get deal is long time. GMAP
Open House Picks [Brownstoner]
As I stated before. W/ the exception of the historic district Stuyvesant Heights(where people continually stretch the boundaries) The blocks are hit or miss. But the Further East you go past Stuyvesant, the more “misses” you’ll get. Bushwick is pretty challenging. You’re pretty safe From Classon to Stuyvesant & Fulton to Madison. It’s very sketchy outside of those areas.
Square area would be defined by Monroe to Fulton and Nostrand to Malcolm X. The eastern portion of the area includes Stuyvesant Heights.
The western border of Bed-Stuy is Classon Ave. There are plenty of nice blocks starting from there. Also don’t be afraid to cross to the other side of Fulton St. There are a few hidden gems between Fulton & Atlantic, including Lefferts Place and Breevort
Square area would be defined by Monroe to Fulton and Nostrand to Malcolm X. The eastern portion of the area includes Stuyvesant Heights.
I don’t know that area well enough to comment. Never been on that block. To me, BS is very block specific that far east. The area I mentioned above (plus putnam, monroe and madison too) is more predictable and uniformed. This ten square blocks area is larger than either Fort Greene or Clinton Hill and has fabulous housing stock.
BrownBomber — do you mean the whole square defined by those streets? Or is it hit and miss within that outline?
how about macdonough between ralph and howard? further east, but what are its prospects?
Jefferson is one of the best blocks in all of Bed-Stuy. IMHO, the best streets are (from north to south)Jefferson, Hancock, Halsey, Macon, Macdonough, Decatur, Banbridge and Chauncey, and (from west to east) Nostrand to Malcom X. This area is prime brownstone Bed-Stuy and very close to the A/C train line which is on Fulton. That section of the nabe is very uniformed with tree lined streets and amazing brownstones. In ten years it will probably obtain landmark status and no one but the rich would be able to afford a home in the area.
My advice. Buy a home (even a fixer upper) on one of the best blocks. Don’t buy near any apartment buildings if you can help it.
Some parts of Bed-Stuy is still hit or miss. That said, some of the “hit” blocks are Great. I’m a new Bstone owner on Putnam, one block over from Jefferson. I have GREAT neighbors who care about their respective homes…Sweep the side walk.. Tree Lined… Culturally Diverse… Homes on the block featured on the Walking Tour..etc. True Neighborhood feel.