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
It’s nice to know that black folks with money would want to invest it in Bed Stuy rather than in a fancy suburb where their kids could go to school and do well without being accused of “acting white”. Everybode can put the spin on reality they want, especially when discussing real estate in the ghetto.
I’m sure that for someone, this will be the house of their dreams, and their chance at owning a Brooklyn brownstone, which they will fix up beautifully.
They won’t mind living in “a poor black neighborhood”, because they are more concerned with getting to know their neighbors and new nabe, and gasp! they might even be black themselves! It’s been known to happen – black people with money (also known to happen) do buy houses, too. Why assume everyone who reads this, or buys a house, is white, or at best, would mind living with people outside of their race or income level?
Can people on this site, just for a change, consider that their all high and mighty standards and conditions MAY not be everyone’s? This is a perfectly nice house, for a great price in today’s overinflated market, even considering renovation, on a pleasant block full of decent neighbors, in a neighborhood that is changing every day. There are worse things than living with poor black people. Living with rich white snobs might be one of them.
I don’t know what anyone’s motivation is when they post here but I think that buying a small, badly maintained house, in a poor black neighborhood, for 650,000 dollars would be considered highly suspect business sense most anywhere. But this is NYC, it is not most anywhere, so anything goes!
SORRY make that 313 or 315 DECATUR.
electricgreek, I think it’s either 313 or 315 Stuyvesant.
“Gut”, as it is used by broker, homeowner, and seller has as many subjective meanings on this site as asking about the weather. To some, gutted can mean bare to the plaster walls, with all kitchen, bath, and light fixtures removed, but still with doors, fireplaces and detail remaining and to some gutted means down to the studs with nothing else left, along with varying degrees in between. Also the amount needed to make it livable depends on a buyer’s wallet, as well as his/her standards of livability. This could be a great deal, or not. It certainly looks promising from the outside. I wish I had my original doors.
If someone is really interested, they should go see. Hopefully, without anon 1:35, Poor African-Americans, not withstanding. I’m still trying to figure the motivation of that comment, myself.
What’s the address of the decatur St house ?
1:35 Not sure what the motivation was behind your comment. Do be mindful that not long ago Fort Greene/Clinton Hill was a “poor, African-American area.” Williamsburg was a “poor, Latino, immigrant area”. Chelsea was a “poor immigrant area.” Harlem was a “poor, African-American area.” Lest you forget.
Speaking of Bed-Stuy, there is another house next to the Decatur open house (between Stuyvesant and Malcolm X) from a few weekends ago that is for sale (I live on the block hence my interest in getting the word out–no connection to the sale). It is listed through a local brokerage, the sign in the window says Home Dimensions Realty, and the number is (718) 802-1411. The house looks fairly promising from the outside, and the block is a nice one.