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
just HAVING a yard is a luxury for almost anyone. especially if they are coming from manahattan.
brownstoner readers are the biggest bunch of prisses in the world.
It didn’t sell when it was listed with Renken for $987K. WTF makes anyone think it would sell when price was increased to $1.3, and even now at $1 million?? Foolish and greedy.
according the owner and the 1900 census this house original owner was Mr.. Nostrand…
I went to see this house last weekend when they had an open house. It needs alot of work. There is a claw foot tub in the bathroom but needs some TLC. The back yard is long and narrow and there is an apt building as a back neighbor.
Backyards are never very private in Brooklyn. I would not be concerned about the “bowling lane” effect. Landscape it well and it would be very charming. Can’t say much else about the place because I have not seen it.
Originally, this house was listed for 987k when renken realty listed it. When brooklyn properties took over the listing they increased the price to 1.3 million and added a bunch of doctored pictures. The home has some beautiful details and yes, it’s on a beautiful landmark block but considering the amount of work it needs; kitchen, bathrooms, windows, roof, carpentry work (beams replaced), new boiler, basement sealed and last but not lease, termite treatment. Asking for a million dollars is a far stretch. Also, the place use to be an SRO and sustained some fire damage that was not completely/correctly repaired.
i’d rather live with black people than over an oil slick, 4:25.
you come on here all the time and boost your crappy neighborhood.
NO ONE CARES!
Saw this property at its first OH. At the time there was ample evidence of Corcoran coaching the seller to bandaid problems (cheap varnish on old floors, hasty patches in the walls, hasty landscaping).
My thoughts: a very small house for the price (albeit with some charm) eeding subsantial upgrades (don’t forget that kitchen). Also, the bowling alley backyard butts up against a rather large apartment building in the rear, insuring that it will never be a very private back yard.
If I needed more space, which I do, I would look for something wider before going through the expense and energy of adding another floor.
I was not even tempted at the original or even current price, but it represents a potential foot in the ownership door in a good location in Bed Stuy.
My $.02
The floorplan is bizarre, and would ideally get re-worked (though one awkward wall seems to be load-bearing). Surprisingly, for all that, it doesn’t feel as “friggin’ tiny” as it looks online. The weird room stuck between the two bedrooms has a skylight and is bright & airy, and probably big enough to be a (small) 3rd BR if it got its own door and a closet.