Brownstone Breakfast: Price Cut on Hancock
After being reduced from $1.1 million to $995,000 earlier in the summer, this absolutely gorgeous brownstone at 371 Hancock, which was HOTD in early July, has just gotten another price cut to $935,000. The architectural details in this place are stunning but evidently people are shying away from dropping a million bucks in Bed Stuy–even…
After being reduced from $1.1 million to $995,000 earlier in the summer, this absolutely gorgeous brownstone at 371 Hancock, which was HOTD in early July, has just gotten another price cut to $935,000. The architectural details in this place are stunning but evidently people are shying away from dropping a million bucks in Bed Stuy–even on one of the nabe’s best streets. Think this’ll find a buyer at this price?
371 Hancock Street [Corcoran] GMAP P*Shark
HOTD: 371 Hancock Street [Brownstoner]
What is North Crown Heights? I know it is freshly landmarked but what are the borders?
There are 4, (rush hour-only) 5 trains in 2,3 trains on eastern parkway, steps away from much of CH.
I did the same research but came to a different conclusion. Crown Heights has the Children’s Museum that is being renovated and will surely draw a more upscale clientelle and further reduce crime. And as far as crime stats, North CH is lower than both precincts that cover bed-stuy.
“I’m still a little flabbergasted that bed-stuy gets so much more play than Crown Heights. Crown Heights has great train access and much of bed-stuy does not and there are some brownstones for less than 800,000 in good condition. Anyone agree?”
Brownstone Bed-Stuy is concentrated along the A and C train lines and is located about 15-20 minutes from downtown Manhattan by subway. Crown Heights North (historic district) has what? The 3 and 4 lines are all the way on the otherside of Crown Heights by Eastern Pkwy. So it appears to me that residents of CHN must walk to BS to take the train. Perhaps that has something to do with the preference of BS over CHN.
I just purchased a brownstone in bed stuy after year of looking both in crown heights and bed stuy. I looked over crime stats; asked around etc. I decided to buy in bed stuy (1) because of the amazing architecture of some of brownstones and (2) the beat cops I saw every time I drove past the particular blocks I was considering. I think they call it Operation Impact. It makes a difference.
i too have wondered this.
I’m still a little flabbergasted that bed-stuy gets so much more play than Crown Heights. Crown Heights has great train access and much of bed-stuy does not and there are some brownstones for less than 800,000 in good condition. Anyone agree?
I can’t agree with the idea that Throop avenue can only get better. It could go back down. With the housing market stalled at the moment things could go either way, if the market picks up – sure. But if the market starts to drop, the less desirable areas will be the first to take a hit. BTW, if you follow the news you’ll see many shooting deaths in NYC are bystanders, somethimes people sitting by a window in their house. Guns going off on your block? get out.
petebklyn,
all neighborhoods have seen prices go up a lot and fast, but that doesn’t mean they’ve all gone up equally. Over the past year or so, Brownstoner has linked some of the reports from real estate agents, etc., on price increases in different Brooklyn neighborhoods, and Bed Stuy’s have been among the most staggering in the past couple years.