House of the Day: Bainbridge Beauty
How sweet it is! This four-story brownstone in Stuyvesant Heights Bedford Stuyvesant has mucho architectural detail and is priced at under a million bucks. Seems like a great combo to us. Unfortunately, we don’t have an exact address: The url of the listing suggests it’s 16 Bainbridge but Property Shark shows no such address. Judging…
How sweet it is! This four-story brownstone in Stuyvesant Heights Bedford Stuyvesant has mucho architectural detail and is priced at under a million bucks. Seems like a great combo to us. Unfortunately, we don’t have an exact address: The url of the listing suggests it’s 16 Bainbridge but Property Shark shows no such address. Judging from the description in the listing, it’s on Bainbridge at around Patchen. The three-family house is configured as a lower owner’s duplex topped by two floor-through one-bedrooms. Let’s say you put down $200,000 of the $975,000 asking price; your monthly mortgage of $5,000 would be significantly defrayed by rental income of between $2,500 and $3,000 (for the two apartments combined). Not bad. Update: The address is 167 Bainbridge Street. According to the LPC map, this puts it just a few houses shy of the Stuy Heights border. (Number 145 is the last house in the historic district.) Commenters report a bidding war and an accepted offer at $999,000.
Bainbridge Street [Urbanview Realty] GMAP P*Shark
is there some sort of magic wall around stuy heights?
The property will go no higher than 999k .No one will want to pay the mansion tax . I believe it’s 1% of the purchase price
BTW it’s a legal 4
the broker for urban view realty has owned this property scince 11/13/1995 .Got the info from propertyshark
Anon 12:35,
I don’t know if there was a bidding war, but I heard from the agents (and they were pretty straight forward)that they were at least 5 offers. One below asking and the others way above. They seemed to be not trying to encourage bidding wars. They asked us to put in our best and final offer by a specific day and time.
To me it was worth a little over a million based on location, quality of details and the condition of the property (all mechanicals were damn near up to date). I’m just one of those guys that hates to spend any money at all.
worth it for sure!
i get $1,400 and $1,425 for 1 1/2 bedroom floor thur apts 1 block from there
It’s right off stuyvesant ave
Ah, I see.
But being as there wasn’t or isn’t a bidding war, it just seems as if you didn’t want it. Is that fair to say?
Thus, equating that you feel it isn’t worth the ask price? I think that’s what people want to know. Is it worth the asking price? I haven’t seen it, so I wouldn’t know. I’m still waiting to see what the final price of the 100 Decatur property comes in at. It’s been in contract for over 3 weeks now…