Buyer's Market? Not In Boerum Hill
In further confirmation that Boerum Hill is THE high-momentum nabe at the moment, we just received word that 152 Dean Street, featured a month ago as an Open House Pick and mobbed with house-hunters (not that there’s necessarily any connection between the two), has gone into contract at $2.45 million, $150,000 over asking price. We’d…
In further confirmation that Boerum Hill is THE high-momentum nabe at the moment, we just received word that 152 Dean Street, featured a month ago as an Open House Pick and mobbed with house-hunters (not that there’s necessarily any connection between the two), has gone into contract at $2.45 million, $150,000 over asking price. We’d love to hear some color on the bidding dynamics if anyone’s privy to them. Frankly, we’re not surprised the house sold itself–from the photos on the Elliman site, it looked perfectly designed to sell. Plus, it’s hard to put a price on the Heath factor!
152 Dean Street [Prudential Douglas Elliman] GMAP P*Shark
Mob Scene at 152 Dean [Brownstoner]
We looked (and nearly closed) at 201 Dean about 1.5 years back and believe me, the projects were a consideration. Despite (of because of) alot of foot traffic heading up Bond, I didn’t feel safe walking home by myself from the Hoyt/Schermerhorn station in the evening. Drove past the house every day for a month and saw public urination against parked cars and heard about the shooting at the hair salon on Bond St. What ultimately made us change our minds was the lack of a backyard and a tenant we would need to evict, but the projects was a huge consideration.
That house is only a few doors down from Heath Ledger and Michelle Williams’ place. Perhaps that explains the price.
A friend lives in a brownstone she owns a half block from the project on Wycoff. She says that crime on the block has made her leery about staying on the block with her two kids.
I like BH and can totally see someone paying $2M to live in one of these houses, but to say that the PJs are irrelevant unless you set foot in them is just implausible. It’s a tradeoff, not a deal-killer, but it is a tradeoff.
love it when Brooklyn-ites get their knickers in a bunch!
GM’s post is the scariest thing I’ve experienced in 14 years of raising two kids within two blocks of the Gowanus Houses. What is nasty is our fears.
I REALLY don’t want to start an argument about projects/gentrification/desireability etc., but I just really don’t understand the argument gm and others are trying to make. “Two blocks from a nasty set of projects”? The argument that that would devalue a property holds no water whatesoever. For starters, what part of NYC is NOT within a few blocks of some sort of projects? Second, what are the hottest housing markets in NYC right now (beside Boerum Hill…)? West Chelsea – MANY more projects that BH. E. Vill./LES – WAY more projects than BH. Harlem – MANY MANY more projects than BH. Finally – and again, I really hope to not start a big brouhaha over this – statistics bear out that something like 90%+ of the violence in housing projects is (um, how should I put this?) housing-project-resident on housing-project-resident. So unless you’re planning on heading into the housing project itself to buy your drugs, you’re really not at any more of a risk living one block from a housing project than you are living 10 blocks from a project (and I’d venture a guess that 75%+ of the population of NYC lives within 10 blocks of a project of some sort).
GM,
ever look at a map of NYCHA projects? There are very few places in DUMBO, FG, CH, BH, VH and CG that aren’t close to public housing.
Man, that house is two blocks from a nasty set of projects. If you folks out there had $2+ million to spend, would you buy that house???
Move-in ready? Perhaps we were looking at different houses.