House of the Day: 272 Halsey Revisited
On the heels of several price cuts on Bed Stuy townhouses last week comes news that 272 Halsey, which we featured back in June when it was on the market for $1,175,000, has had its asking price reduced to the oddly specific number of $1,097,450. Although this is a cute house, it needs some work…
On the heels of several price cuts on Bed Stuy townhouses last week comes news that 272 Halsey, which we featured back in June when it was on the market for $1,175,000, has had its asking price reduced to the oddly specific number of $1,097,450. Although this is a cute house, it needs some work and was overpriced to begin with so there’s not a whole lot to read into here. Our guess is that it’ll have to come down at least 10 percent more before finding a buyer.
272 Halsey Street [Corcoran] GMAP P*Shark
House of the Day: 272 Halsey Street [Brownstoner]
Price Cuts at Bed Stuy Townhouses: Is This a Trend? [Brownstoner]
Corcoran is wildly overpriced across the board. 100 decatur went for 980K, I think 999k is the absolute max for this.
I am a Bed Stuy guy and I would be happy if it went for 940k
Bed Stuy and Ft. Greene are not the same entity.
People associate Bed Stuy with Harlem and South Central LA because at one time those were three of the worst neighborhoods in the U.S.
This is New York. Sure, some will look for deals, but the majority of people don’t want to go around telling people they live in Bed Stuy.
Not to mention Ft. Greene has MUCH better train access than Bed Stuy.
If you think Bed Stuy will have 3 million dollar brownstones in 10 years, you are sadly mistaken.
You can’t put a price on safety and lovely surroundings. Well you can I suppose. It’s about a million dollars.
Posted by: guest at September 12, 2007 3:53 PM
I think you mean 2.6 million dollars. I have told the story about the empty buildings on So. Elliot where wild dogs lived when I went to school on that block in 1977, the same block where a house just sold for 3.7 million. Nobody wanted to live on that block and most of the buildings were empty and many of the others were whore houses. The one wise resident was Dennis and he has reaped the rewards.
for a neighborhood like Bed Stuy which up until 10 years ago was one of the worst in the entire country, million dollar homes are ridiculous. Maybe in another 10 years, but not now.
I’ts silly.
When I tried to show apartments in Ft. Greene less than 10 years ago nobody wanted to live there, now my cousin is asking $3,100.00 rent for an upper dplx utilities not included. He has had the house about 15 years and paid <200k for it.
I live in Park Slope but looking in Bedford Stuyvesant and while looking I notice the people are much much nicer in that area.. It is almost like small town USA. The people do seem to look out for one another which I really like very un-NYC
4:33/5:01, first of all, remember that Bed-Stuy is an extremely large neighborhood – you could fit three of the other “brownstone belt” neighborhoods within its boundaries. Different subsections of BS have radically different vibes – as different as, say, the outer reaches of Clinton Hill are from DeKalb Ave. in Ft. Greene.
Secondly, services ARE coming. Right around the corner from this place on Tompkins Ave. you’ll find a nice sit-down restaurant, a brand-new coffee shop, two trendy clothing boutiques, a home design store that recently expanded to 2 storefronts (and was featured on HGTV), two antique stores, a hardware store, and a day spa. And there’s even more on Lewis Ave. which is a couple of blocks East.
Hi fellow nasty-ass brokers. This is not my listing, so it must suck.
“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.”
Thomas Jefferson
Welcome to the end of this Mutant Real Estate Bubble
The What
4:33, to make a statement of opinion that PARTS of Bed Stuy were really bad 10 years ago is one thing, and I will grant you that. However, to say uniquivocally that the entire neighborhood “was one of the worst in the entire country”, was, and is still, patently untrue.
I lived there 10 years ago, I lived there almost 20 years ago, and even with the crack wars going on, my part of BS, which was around the corner from this house, was never that bad. I was never mugged, never robbed or broken into, and never had my car broken into or stolen. Neither did most of my neighbors. If I had owned my home, I’d be there still.
I’m not looking at the place like it was perfect, because it certainly wasn’t, and we were not immune to the social ills around us, and shit happened, but NEVER did I feel that I lived in one of the worst neighborhoods in the country, because I didn’t. That perception was from the outside world and the media, not from those of us who loved our community.