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
298 it is (closer to Nostrand than Rogers). But I didn’t know that these were built as 2-family homes, and I’m quite surprised to hear that (but if Bob says so, I’m not going to argue) — they’re really on the small side for that, especially considering the larger families that were the norm when they were built. I live on the top floor of an identical house, and the layout just doesn’t make sense — I can’t imagine it having been built that way, it just seems so arbitrary, although all the houses I’ve seen on the block do seem to be laid out identically. Very strange.
Is this house really a limestone? I live on Lefferts Avenue, where this house is. All the houses on the block are brick (the colors of the brick are either grey or red). The center of the front itself is limestone…can it be a brick/limestone combo?
if you don’t like crime you’re a racist.
Maybe it is set up as a 1-family, but is legally a 3-family??? That happens ALL THE TIME.
Also, Brooklyn Properties is the only brokerage, in my opinion, that takes excellent photos of their listings.
I think speculating on a neighborhood like bed stuy is always a crap shoot. you may be right that it will gentrify eventually but you could be waiting a long time. All it will take is a recession to slow that push of gentrification.
I think this house is on one of the BEST BLOCKS IN THE CITY!!!
How silly and myopic some of you sound, stating that Bed-Stuy could never be an “it” spot. You have Williamsburg directly to the north pushing inwards rapidly from Flushing avenue, you have Clinton Hill to the West pushing inwards rapidly, you have Crown Heights and Stuyvesant Heights to the South with rapidly revitalizing brownstones and the A train. Meanwhile, to the East you have the Bushwick revitalization moving along nicely due to the L train and J train access. You have Manhattan less than 15 minutes away, downtown Brooklyn 10 minutes away. It doesn’t take a rocket scientist to see the future here especially since crime continues to take a nose dive (we are on track for the lowest violent crime numbers in New York City history), we are also due for a million more folks in the next 15 years, and don’t post some snide comment about overpopulation when you consider many cities on this planet have over 15 million. Do the math and stop posting nonsense.
Don’t start with Corcoran. I know more Corcoran screw up stories than all other brokerages combined. If Corcoran learns how to take photos and post them on their web site bigger than a thumb nail that will be a start.
about AY.
people pay a shitload of money to live in crappy new apartments on 11th ave in Hells Kitchen next to abunch of lumber companies.
AY will do nothing to bring down prices.