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
Baiting racists? Brownstoner? Oh never.
If Brooklyn Properties is listing this as a 1 family and it’s a 3 family I’d be furious as the seller. What the hell are they paying a 6% commission for if the broker cannot even get such basic information right. I can see why Corcoran has such great success compared with BP.
not everyone is scared of AY.
we live in a city. Buildings get built alot.
Posted by: guest at November 27, 2007 2:52 PM
Who wants to live across the street from AY, certainly not the folks in Prospect Heights. Bed Stuy is looking very appealing to home buyers with vision and cash; talk about a safe bet.
Don’t knock Brooklyn Properties. They are the only brokerage that knows how to take photos of a beautiful house.
Hey, if you don’t like the price, don’t buy it. You won’t get a brownstone. Buyer’s market or not, owner’s aren’t going to give away their houses. More likely they’ll rent the apartments out and try again a couple of years from now. Many novices posting here, think that landlords are all in for a drubbing, here’s a clue, they got rich by being smart and knowing their options. So go buy the same brownstone in Fort Greene for 2 million and be happy. Think of it this way: how do luxury yacht makers continue to stay in business through depressions, recessions, crashes and bubbles? There’s always a market. Especially in NYC where the population continues to grow. So, hey, “wait it out” and see if the price goes to 200k as some loser posted. Wishful thinking is free but foresight takes some balls.
not everyone is scared of AY.
we live in a city. Buildings get built alot.
price point
i hate that term
so manufactured, how can people say it with a straght face?
This is not a flip unless the right hand flipped it to the left.
2:17 is right on. those of you still buying into 1980’s stereotypes are so out of it, it’s funny. oooohhhh scaaarrryyyyyy!!!
Posted by: guest at November 27, 2007 2:33 PM
I wonder if they are trying to scare others so they can get a leg up in one of the two remaining areas that will be worth it once AY is built?