House of the Day: 560 Putnam Avenue
Based upon the exterior of the house and the lovely block it’s on, 560 Putnam Avenue in Bedford Stuyvesant looks like an interesting buy at the asking price of $650,000. The three-story, two-family house hasn’t changed hands in a long, long time nor has it had any renovations that would merit a filing with DOB….
Based upon the exterior of the house and the lovely block it’s on, 560 Putnam Avenue in Bedford Stuyvesant looks like an interesting buy at the asking price of $650,000. The three-story, two-family house hasn’t changed hands in a long, long time nor has it had any renovations that would merit a filing with DOB. Both of these factors help explain the low annual taxes of $839. They also suggest that whoever buys the house will probably have some work to do. That’s fine given the price. The big question is whether this is a time capsule with original details or something that been destroyed over time. Anyone know?
560 Putnam Avenue [Irongate Properties] GMAP P*Shark
And I’m sure there are some Estonians and Icelanders in pockets of some neighborhoods, too, 9:07. You are missing the point by counting the trees instead of looking at the forest. Our conversation here is not about a census of people, it’s about generalized trends.
While we are at it, the Asian-American population is no more a monolith than is the African-American population, or any other population group. But people like me tend to remember things like that. What does any of that have to do with what we were discussing?
Hey rouser – asian-american households have a higher average income that white households and according to the NYPD are suspects in virtually 0% of the crimes (blacks and hispanics make up 83% of the suspects, whites make up most of the remainder). So white people could move in, it’d finish the spread of the curve. The rich snobs are the asian-americans, though people like you are having trouble updating to this new reality it seems.
Also 2.37pm anon – you might what to get your facts straight re. williamsburg – its never been predominantly poor latino (tho areas of it are). You are at least forgetting the large italian-american community.
And whats with this conflation of “blacks” and “african americans”? Recent immigrant black populations from the west indies and africa have a very different social make-up and economic success level from the establoshed african american population as a whole.
Houses don’t exist on little hills isolated from the rest of the world. They are in neigborhoods, and most neighborhoods in Brooklyn are changing so fast, your head spins. Race is an inevitable topic – gentrification, displacement, old timers, new comers, amenities, crime and safety, class and education, as well as real estate prices all have a racial spin. This is inevitable, I think.
I also think healthy discourse is valuable, and if we agree and disagree with some level of courtesy, and if the incindiary idiots who like to ruin these discussions stay out, we may actually learn something about people who may not look like us. That’s always a good thing.
The disturbing thing here is how practically every comment string on every topic ends up becoming a racial issue. I wish things weren’t that way. Everyone here is interested in houses. Why not talk about houses and not bring race into it? Just an idea.
Of course I get it, but the reality is that brownstones in Bed Stuy are never going to be $200k again, as they were only ten years ago.
I agree that prices have shot up way past the prices that the neighborhood’s median income can afford, and I would be the first to agree that that on the whole, vastly overpriced homes do the neighborhood more harm than good, and there is the expectation that if you are paying a million dollars for a home, you should be able to expect certain things that just may not be there yet. Not just lattes for you, but basic human services for some of your neighbors.
However, not buyin it, your tone has changed from your first post, in which you stated that anyone with a dollar and a brain should be running from the hood. That’s a far cry from your last post, which I agree with. I just think you picked the wrong house to vent your ire on. In this real estate climate, this house is seen as a bargain. Not a mini mansion by any means, but a house that someone who isn’t a stockbroker could possibly afford. These are the people who will actually be the majority of the newcomers to Bed Stuy, not the real mansion buyers.
This is my final post.
i know that this ia site for RE salesmen and for folks with dollar signs in their eyes for little houses they picked up long ago or last month and hope they are now worth so much more, ….. it is dispicible, and you know it.
yeah yeah, when I was trying to help the lovely old ladies with no money or the nice elderly couple whose bank account had been drained by their chidren, whose children they were taking care of, I was only seeing an unimportant part of the neighborhood. Look, I love bed Stuy, I love the architecture, I admire the strong willled people who survive there dispite the vissisitudes of racism, age, and drugs, but I despair at the fact that little houses are flouted as mansions commanding princely prices. lets take it slow. lets give the neighborhood and the folks a chance to get their bearings, this real estate hysteria is not good for the folks I know or the neighborhood, it is being fed by greedy elements that do not care a fig about the neighborhood. and shame on them. it’s people first, houses second.
get it?
Orangestone for 650K hmmm not too bad… has anyone been inside this house?
Oh, while brick red, at least on my screen, is not the greatest color for a brownstone, it is not a dealbreaker. The facade looks to be intact, which is what’s important, and a homeowner could certainly wait and strip and/or resurface later.
Sorry, not buyin it, but you’re still not getting it. Unforseen circumstances not withstanding, this still looks like a good deal.