houseWhile sometimes painful, sifting through Craigslist can turn up some interesting things, especially at the lower end of the market. For instance, this 10-unit SRO in Bedford Stuyvesant is listed at $698,000. It’s a dicey deal to be sure, and one that we probably wouldn’t touch given that at least three of the units will still have tenants. Depending on the situation and layout, however, maybe there’s a creative way to work around them. Regardless, this is a great looking building. Anyone know where it is exactly?
10 Unit SRO For Sale [Craigslist]


What's Your Take? Leave a Comment

Leave a Reply

  1. I used to romanticize the lives of the destitute. The older I get, the less understanding I’ve become. While SRO’s may help the needy, they also enable certain lifestyles which are undesirable to everyone who has to live around them. I don’t think any human life is “undesirable”, but there are certain lifestyles which clearly are to everyone around them. Here’s the real question – how do we as a society get people to live more functional, productive lives?

  2. Oh, wow, what a beautiful building. And yes, there are decent SROs in the city for decent people – the typical SRO tenant used to be a single male, either divorced or not yet married — kind of a holdover from the rooming house. But wouldn’t that be a dream nowadays? A landlord who actually wanted to help out the decent people in his neighborhood who maybe weren’t rolling in dough or space needs for the moment? I think this may be coming back, albeit disguised as hostels. Can you turn an SRO into a hostel w/out jumping through too many hoops? Many young people,w/out a lot of money, might gravitate towards such a situation. The landlord would just have to be really, really picky in terms of character — personal interview and references required (I believe this is legal under the law). There are loads of people in NY who’d pay up to $250 – $300/wk. for a clean, safe room.

  3. Why not buy it and keep it an SRO? There is a great deal of money to be made doing this. You can own the building and rent it out entirely to a not for profit or…rent it out to a company that manages SRO’s and let them rent it out to the city and watch the $$$ roll in. SRO’s do play an important part in city living especially for transient off the grid type people. They don’t have to be crack dens. You need to be creative. Not everything on the market is a single family home.

  4. In case anyone forgot: “An unhealthy obsession with historic Brooklyn brownstones and the neighborhoods and lifestyles they define.”

    So it’s not just about real estate prices and buyers. There are quite a few of us who rent too, and we are just as unhealthy (:->

  5. Wow, there sure are a lot of knee-jerks on here. I’m not just talking about this thread, but I’ve noticed it on all the Brownstoner threads. People who react quickly and viciously to perceived offenses to neighborhoods, to discussions about valuations, to gentrification and neighborhood amenities, to which schools are better, even to what makes a good parent.

    Please just take a deep breath and count to ten before you hit “Post”. Remember that everyone’s different and you don’t have to flame someone who’s on a different path than you. Remember that it can be hard to read intention and sincerity in online communication (not to mention irony and saracasm). Try to give people the benefit of the doubt.

    Unless you are trolling for a fight, then please just go somewhere else…

1 2 3