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
I’m pretty sure once you cross over Malcolm X the next block of Bainbridge does not have this quality of housing.
This must be between Stuyvesant and Malcolm X, probably closer to the Stuy end, so its on the doorstop of Stuy Heights if not part of it.
What are the “official: bounderies of Stuy Heights. Thanks.
Sweet digs, but I think Stuy Heights ends to the East @ Stuyvesant St.
This home is less than half a block from Stuyvesant Ave (and, therefore, Stuyvesant Heights). I believe the address is in the 160’s (e.g. 169 Bainbridge St.).
and let’s not forget the $1000/month the bank is earning on your $200K that you aren’t, but i guess that’s the only way to play the game with prices as they are these days…
I agree. You won’t be seeing rents that high for another 5 years. Also, those projects will be there forever. This place is no bargain.
anon 11:30 here – more so, I don’t think rents in that area are commanding that much.
bainbridge and patchen is at least 2 blocks out of stuyvesant heights. stuy heights stops at stuyvesant avenue, then there’s malcolm x and I think patchen. its still a nice property but when that’s taken into consideration I think the price is definitely pushing it especially with breevort projects around that area.
i dont think this is considered stuy heights.