house house
When we last checked in with 425 Franklin Avenue in Bed Stuy (not Clinton Hill, dude!), it was early October and the psychology surrounding the market was not quite as negative as it is now. Back then the owners were still hoping to get $925,000 for this place. At some point recently, however, they woke up and decided to cut the asking price to $865,000. Frankly, we really like the look of this place but we’re not sure that, at only 2,100 square feet, it’ll be able to fetch quite this much. Maybe. Decide for yourself this weekend at the open house on Sunday from 2:30 to 3:30.
425 Franklin Avenue [Corcoran] GMAP
Open House Picks [Brownstoner]


What's Your Take? Leave a Comment

  1. This is the type of property in a downturn that gets hammered. Small house on ugly block in a “potentially” gentrifying area. Smart buyers would stay away from a falling knife. This is going to sit until spring when it sells in the 600’s. I think the downturn over the next 5 years will reduce good properties in good neighborhoods in the 20% range. For things like this the knife would be falling into an abyss. And before I get jumped on, I’m a guy who just bought over the summer.

  2. The block is definitely a bit questionable and Franklin Avenue has been completely ruined by shitty new construction. Such a bummer.

    The house doesn’t look half bad inside though. I’m going to say 750K.