House of the Day: East Flatbush Under $600K
This house sure looks cheap to us at $585,000, but, frankly, we have no idea what this block of East 32nd Street between Beverley and Cortelyou in East Flatbush is like. It seems like there must be a catch. Given that it’s a three-story, three-family, the layout’s probably not ideal for a family buyer; on…
This house sure looks cheap to us at $585,000, but, frankly, we have no idea what this block of East 32nd Street between Beverley and Cortelyou in East Flatbush is like. It seems like there must be a catch. Given that it’s a three-story, three-family, the layout’s probably not ideal for a family buyer; on the other hand, there are original floors and moldings as well as a bay window that sweeten the deal. The footprint of the house is large–20 feet by 53 feet–and, as the listing points out, there’s another 1,500 square feet of buildable FAR as of right. Whether this is a “deal” or not hinges on what the immediate nabe is like. Help please?
3-Family Bow-Front Limestone [Craigslist] GMAP
The precint for this location is the 67th Precint. There are other options to purchasing and it is called a “rental.” Brenda from Flatbush seem very uneducated on the very neighborhood which she claims. Besides, there are homes in Pa for 25k…
Brenda from Flatbush has an excellent point. Why are you all claiming this is a deal? Exactly who is it a deal for? Believe it or not, for most people, regardless of race or ethnicity, $585,000 for a house is a huge amount of money. Unless you are selling an overpriced Manhattan apartment, you gotta make alot of bucks to afford it. Are the folks in the neighborhood now “moving up” to a $585,000 house?
How did the NYC housing bubble get so out of control? Paying huge amounts of money for a property was supposed to be because you so much wanted to live in a certain area (like Manhattan) that you didn’t care. Does East Flatbush command that kind of premium? Does just the word “Brooklyn” mean a property can sell for over half a million dollars?
Most people I know couldn’t even afford a $585,000 house. And if they could, and had kids they had to educate, wouldn’t they be better off spending $400,000 for a house in a suburb with a decent public school and saving the rest, instead of betting all their money that the insane housing bubble continues?
Got a relative that lives in a similar limestone a few blocks away. They are great houses, especially for singles or small families. Many of them don’t have the kinds of details that you find in the larger brownstones, but they still have far more details than the new construction condos or many of the properties that have been split and flipped.
On the school question, I assume that the posters who talk about the quality of the school districts are not from NYC originally. Having grown up here, I know that many parents in these neighborhoods did one of two things. They either spent a lot of time searching out the few quality public schools or they paid to send their kids to schools. There were and are plenty of private schools, that catered to these working parents. School options are not the public school around the corner or $20k for the Brooklyn Friends, Packers and St. Ann’s of the world. There are so many other choices that parents can and do make.
Finally, why would someone rent in Brownsville for $3,500 when they can buy in Flatbush and have a mortgage that is almost the same amount?
okay, anon 4:03 your comment was pretty stupid but I’d like to address the whole “the poorest school districts” thing. I don’t personally have any children but I have grown tired of the rants about ps 231 or 321 or 342 or 23234 in park slope or whatever the hell number it is and brooklyn friends etc etc can we get over it? where do poor people’s children go? because obviously they don’t deserve good schools or even decent real estate as no one wants to buy in this “non-gentrified” neighborhood that isn’t zoned for a posh school. I think the entire arguement is silly, I understand that people want the best for their children but I think its also important to address the fact that sometimes homes like this is the best for some people’s children when someone moves up into homeownership it just may be the best thing in the world. maybe they can’t afford a home in the neighborhood with nice schools because clearly people who can’t afford homes in ps or bh should be dumb but can we give it a break? in terms of real estate this is a good buy the details are nice and the price is reasonable, if it were in another neighborhood there’d definitely be more interest. why can’t we respect someone’s desire to be in a home/area like this? isn’t this a similar situation to that home in the jewish area that was over a mil? I think this is a nice home and I totally agree with the poster at 3:47 people who live in this area appreciate the amenities that are there even if it doesn’t include FreshDirect.
Anon 04:03 PM, a two bedroom in Brownsville for $3,500, I think you’ve been hitting the crack pipe and quite often…
cute as a button, nice price.
Anon 4;03. I am sure there are many trailer-parks scattered across the US in your price range.
Actually, I live very close by and, to my knowledge) the last 2 (#247 & 248 E. 31st) limestone homes sales in this square were purchased by white families.
WTF? When did this hood start asking for more than $250k for property?
R u kidding me? This part of town is notoriously known for the poorest school districts, lack of police presence and the worst public transportation. For $580k, these idiots selling this joint should try contract signing after getting the buyer to smoke crack or drinking a few 40’s.
I’ve got a 2 bedroom in brownsville for rent and I’m only asking $3500 a month. Seems like a few posters are receptive