House of the Day: 119 Bainbridge Street
Based purely on anecdotal evidence, it seems like houses in Bed Stuy—even the best ones—are having the most trouble in the post-subprime world. Take 119 Bainbridge Street, for example. The four-story, 4,132-square-foot house is a beauty and is on one of the nicest streets in Bed Stuy. Back in September, the house was listed for…
Based purely on anecdotal evidence, it seems like houses in Bed Stuy—even the best ones—are having the most trouble in the post-subprime world. Take 119 Bainbridge Street, for example. The four-story, 4,132-square-foot house is a beauty and is on one of the nicest streets in Bed Stuy. Back in September, the house was listed for $1,300,000. Now, the asking price has dropped to $1,000,000. Clearly the lack of buyers is about the overall market and the neighborhood more than a statement about the house, which has rocking woodwork. What’s the market-clearing price on this one?
119 Bainbridge Street [Brooklyn Properties] GMAP
Open House Picks 9/27/07 [Brownstoner] P*Shark
desperate probably…
2:31, I was just about to recommend that she fire that broker for listing the house as a 1 family, when in fact, it is a 3 and not pricing to save the buyer the mansion tax.
What went into her decision to hire Brooklyn Properties as the listing broker?
“I know the owner personally and her father brought this house in the 1940s shortly after he came to the US from Barbados. So this is not a FLIP! ”
That’s NOT what is reflected in the title history.
2:17 is right on. those of you still buying into 1980’s stereotypes are so out of it, it’s funny. oooohhhh scaaarrryyyyyy!!!
I really don’t think a little less than 1mill is ridiculous since the house is so big – two families could share it perfectly and both have plenty of space. And really the details are sublime. and NO I am not the broker, and NO I do not own in BedStuy.
I was told the owner took this place off the market and is going to sell it herself..
This area is called Stuyvesant Heights… This house is in a landmark historic district. check out the brown street signs…
2:14 – then someone needs to get their facts straight. If you really know the owner you better tell them to call the broker pronto and make clear that this has rental income – that makes all the difference in the world, since if the dimensions are correct – 20×50 – the rentals can easily be two bedrooms and almost cover mortgage.
“The owner of this house is really willing to work with someone that can make a good offer… ”
The owner is a greedy S.O.B.
He’s willing to work with someone after listing the house for 1.3 million dollars??
An absolutely absurd amount for this house!!!
Even 1 million is absurd.
This won’t go for a penny over 800K.