House of the Day: Stuy Heights Gem
Another beauty from Stuyvesant Heights by way of Craigslist. The 4,300-square-foot two-family is configured as an owner’s triplex over a garden rental. By all appearances (and the broker’s flowery prose) it sounds like this is one of those jaw-droppers, complete with original restored woodwork, wainscotting, and pier mirrors. The 1899 house also has a center…
Another beauty from Stuyvesant Heights by way of Craigslist. The 4,300-square-foot two-family is configured as an owner’s triplex over a garden rental. By all appearances (and the broker’s flowery prose) it sounds like this is one of those jaw-droppers, complete with original restored woodwork, wainscotting, and pier mirrors. The 1899 house also has a center stair with an “intricate oak basket weave design” on the railings and restored golden oak lattice work overhead. Located on Bainbridge off Lewis Avenue, the house is only a couple of blocks from the A train. If all this is true, the asking price of $1,235,000 seems a little lower than we would have expected. What say ye?
Bainbridge at Lewis Ave [Craigslist] GMAP
hahaha thats so true, the cleaners on the corner of stuyvesant and macdonough is high way robbery.
If you specifically want to live in an attractive, middle-class black area, this makes sense. Otherwise, no way. I don’t care how much origianl detail it has, 1.23M to live in a part of bed-stuy is not how I’d spend my money.
FYI JUST SOLD & CLOSED – $1,175,000. 416 Stuyvesant Ave, $975,000. 140 Bainbridge. Should I list more!!!
Anon 3:20
would you pay $1.2 Million to live there now? I don’t think anyone is saying Stuy-Hgts isn’t a good place to live, but for that much money… maybe you could afford to buy a place that has an affordable cleaners on the corner and a subway station not too far away.
By the way.. I’m Do-or-Die Bed-Stuy for LIFE!!!
But I can’t afford $1.2 Mill
Clinton Hill is part of Bed/Stuy, too. So, what? Bed/Stuy is a huge neighborhood that has some good areas and some not-so-good areas.
RE: Freeform at June 20, 2006 01:44 PM
Well having lived in BKLYN all my life I remember not so long ago when people like you said Fort Greene? Clinton Hills? never. How soon we forget.
I pay about $5,000 a month in Stuy Heights for a single family. I live in a beautiful house (5,000 sq. ft and loaded with details) on a premier block. I love my home and neighbors. I can afford to live anywhere else in Brooklyn but Stuyvesant Heights is where I decided to call home. Needless to say, I’m very very happy. No complaints whatsoever. Different strokes for different folks. It’s a personal decision and is not merely dictated by the size of your pocketbook.
I think I’m going to start to simply ignore ignorant comments from now on, no matter how difficult it may be.
I’m not too far from Stuy-Hgts.(on putnam) But I still know that it is Still Bed-Stuy. And as much as I would love for someone to value my house at $1.2 million, it’s doubtful.
Let’s break it down to dollars and sense. Assuming someone buys this place for $1.2M, puts the 20% down to avoid PMI ($240K), Gets a $960K, 30yr fixed Mortgage @ 6%…..(which is also doubtful today)
That’s a $6,000 monthly mtge pymnt. And assuming they can rent out the garden for $2,000, they’re still looking at $4,000 a month and haven’t even paid taxes or insurance yet.
You think thats not over-priced in this hood?
Other than that, it’s a beautiful house on a beautiful block.
Dan @ 2:30 p.m. – how much were you putting down on the $450K price? Wouldn’t the bank only want the house to value what they are loaning to you?