119bainbridge112707.jpgBased 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


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  1. Bedford Stuyvesant and Crown Heights are the last great Brownstone areas in all New York. Bedford Stuyvesant has the largest number of brownstones outside Harlem but once those are hard to purchase like the ones in Ft. Greene etc… the ball game will be over…

  2. There’s already an addition, which is where the kitchen is, and to my untrained eye it looked like the roof on that needed attention, as did the floor in one bedroom, where a beam was pushing up through three (or more) layers of linoleum.

  3. There was a very similar house on the Prospect Lefferts house tour 2-3 years ago. It was absolutely charming inside and beautifully restored/maintained. Lived in by 3 sisters (one of whom is an RE broker I believe) and featured in the NYT. One of my very favorite houses from the past 5 years. Reminded me of Washington DC’s Adams Morgan neighborhood. Anyway, what a shame that this place is so neglected.

  4. 3:40pm sorry, I do not live in Greenpoint myself, but you are just wrong the hood. greenpoint is wonderful. not only white people as you state, but 2 beautiful parks, A+ schools, amenities and most is not in the industrial area, especially the houses around McGolrick Park and the condos around McCarren. Obviously, the south end of Greenpoint is walking distance to several of the great Williamsburg shops and restaurants too. in fact, i have been researching Greenpoint recently for their great school system, hence my interest.

    as a white person who has lived in a predominantly black neighborhood in the past, i can state that it, um, sucks. most of the people were threatening, mean, disruptive and horrible neighbors. i would never ever live in a poor black neighborhood again. i was a renter then, so I didn’t care that much, but i would not buy in an area where i had to be part of a community that may hate my guts because of the color of my skin.

    sure that i am not alone in this.

    expect to see williamsburg and greenpoint charge ahead because of the fact that they have no projects, no ghetto people and that the hispanics in south williamsburg are getting pushed out.

    black hoods can gentrify to some degree, but not as quickly as white neighborhoods regardless of housing stock (although Greenpoint does have some nice old houses).

  5. It’s amazing to me when people here say that a 2000+ sf house is “too small” to be a 2-family. What is this, Short Hills? Have you never met a family that lives in an apartment? Living in “only” 2 floors of this house may be less than ideal but plenty of New Yorkers, including New Yorkers with a fair amount of means and options, would be glad to have that much space.

  6. people have been saying for 10 years now that PLG was the new it spot.

    it’s exactly the same as it was 10 years ago.

    meanwhile, ditmas and kensington have gentrified more than plg has.

    so you never know. bed stuy probably will gentrify a bit more, but it will never be a park slope, ft. greene or cobble hill.

    is harlem anywhere near where it should be in terms of gentrification, considering it’s been happening for 2 decades?

    nope.

    and it lies IN MANHATTAN.

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