411classon112607.jpgWe’ll say this for 411 Classon Avenue—it’s a better flip job than you generally see in the area. The four-story brownstone between Lexington and Greene on the Bed Stuy side of Classon changed hands two years ago for $890,000. Given the time that’s elapsed and the fact that the kitchens, floors and back yard all look redone, the current asking price of $1,245,000 doesn’t sounds crazy. Unfortunately, that’s not how sales prices are ultimately determined. We suspect that the supply and demand curves may intersect a good bit below this price. After all, while blocks on either side of it keep getting nicer and it has some nice houses, it’s hard to see how Classon Avenue as a whole ever really catches up. Agree?
411 Classon Avenue [NY Times] GMAP P*Shark


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  1. I WENT TO SEE IT.

    Sorry to ‘shout’, but thought some might be more interested in a comment from someone who saw inside rather than simply had an opinion from the name of the street.

    Yes the bathrooms and 1 kitchen are new, but they didn’t cost the owner 300k+. If you owned it, you would have chosen something else and if you buy it, you will want to redo them. The ‘landscaped’ back yard is tiny as this is a short lot. The floors look crappy and have strange transitions to tile (linoleum ?) in the central kitchens/kitchenettes of the 2 upper floor-throughs. The top floor hasn’t been redone at all and has more of a kitchenette. The parlor/garden are duplexed with and ugly spiral staircase inside. There is some original wood and plasterwork left, but doesn’t look like it was ever spectacular.

    As for the specifics of this block regardless of what neighborhood you want to call it, the owner himself told me a few things. The boarded up place next door has entered foreclosure and the one on the other side is empty and in transition due to someone getting to old to maintain/stay in it. There’s new construction stalled across the street. Etc.

    I wish him luck, but the work he did shouldn’t earn anyone that profit.

  2. Logic someone?

    This part of Bed-Stuy needs work. It has improved over the last ten years immeasurably however.

    It shares a border with Clinton Hill. Not to long ago Grand Ave. was a nightmare. Now it’s not. Classon was disgusting, now it’s merely unpleasant to improving. Franklin was frightening now it’s not that bad to good in some spots.

    There is new building and revitalization happening in the no man’s land between Classon and Bedford / Nostrand.

    But should someone pay 1.2? I.2?

  3. The neighborhood doesn’t suck! The corners often suck. Down w/ yucky corner stores! But many of the blocks are charming. As long as Crack is kept at Bay and Meth makes no Stay then all good will Proliferate.

    Hey What?

    How much will this house cost per month?

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