House of the Day: 915 Sterling Place
The four-story house at 915 Sterling Place is a little on the narrow side (17 feet) but makes up for it with an extra-deep lot (120 feet). The listing claims that the house is “loaded with original details” but the one interior photo included isn’t too convincing; the fact that it’s divided up into four…
The four-story house at 915 Sterling Place is a little on the narrow side (17 feet) but makes up for it with an extra-deep lot (120 feet). The listing claims that the house is “loaded with original details” but the one interior photo included isn’t too convincing; the fact that it’s divided up into four units also doesn’t bode particularly well for the preservation of interior details, but this part of town does have some great woodwork so maybe there’s something to it. And what about the asking price of $895,000? We suspect it’ll go for a little less, especially since the seller is already being touted as “motivated.” Anyone been inside?
915 Sterling Place [Elliman] GMAP P*Shark
3:27…please see 3:33 for REAL FACTS…not just your idea of what the neighborhood is like.
those are incredibly low income levels.
Income info for Crown Heights:
Median Household Income: $32,135
State Average: $43,393
Median Family Income: $36,188
State Average: $51,691
Per-Capita Income: $16,775
State Average: $23,389
So HALF the households in Crown Heights make 32K or less.
This building wins the award for most radioactive deal of the week.
YUK!
“the great disparity in super rich and super poor in crown heights and bed stuy are creating for very unstable neighborhoods.
in bed stuy and crown heights you have newcomers paying a million dollars for homes surrounded by mostly people who make 20K or less a year.”
You couldn’t be more wrong. Many Crown Heights residents are longtime African-American homeowners who are middle class to upper middle class. Many of them don’t post on brownstowner, so you don’t know about them, ’cause you’ve obviously never spent any significant time in Crown Heights. Other homeowners (like myself and my next-door neighbor) are young black (and white) professionals who have good jobs and bought in 2000-2002, and have nice homes we are always improving. There are LOTS of these people in Crown Heights, and I know ’cause I LIVE there. I’ve been able to watch nice middle class folks, black and white (including lots of mixed couples), buy homes around me and the neighborhood gets better all the time. We walk our dogs in Brower Park, talk with each other and love our neighborhood.
Stick to talking about someplace you know actually something about, not one you’ve just READ about.
2:54, I agree that there is a disparity in income as reflected by some of the housing prices in both Bed Stuy and Crown Heights, at least as reported here. But consider that here, we see mostly the higher end firms and their higher end listings, and not so much from independant brokers who don’t have extensive web presence, not to mention those who have none at all. The latter two deal with many properties, some on these same blocks as Corcoran, Prudential,listings, many of which are selling for much less. So our Houses of the Day are not the full market.
And I have always argued that pricing in our neighborhood needs to reflect a slow steady growth which reflects a rise in services, safety concerns, and overall income levels.
However, I must strongly disagree with the implied notion that almost all of us are poor. That just isn’t so, and never has been. Why is it so hard for people to conceive that Caribbean and American black people have been historically solidly middle class, not to mention wealthy, as well as ghetto poor? Let me say, hopefully for the last time, that Bed Stuy, Crown Heights, Harlem, and other predominantly black communities, have ALWAYS had a solid middle class base that has kept these neighborhoods alive. These are the people, and their children, who paid for their homes when these areas were totally red lined. They had to have solid sources of income. There are too many people here who may only make 20K a year, but they are NOT the majority.
That is why we have survived, and our neighborhoods are now on the radar. This could not be possible if everything was absentee owned or entirely populated by the very poor.
they already are, 2:49.
the great disparity in super rich and super poor in crown heights and bed stuy are creating for very unstable neighborhoods.
in park slope, ft. greene, even prospect heights, gentrification has been a slow and steady process over the last 20 years.
in bed stuy and crown heights you have newcomers paying a million dollars for homes surrounded by mostly people who make 20K or less a year.
not good.
neighborhoods like Ft Greene and Park Slope had houses for half this when they were gentrifying.
these prices can really fuck an area up.
Hate to agree with the haters but they are 100% right this time.
Crown Heights is a great neighborhood and this is a pretty nice block.
But this is a lousy, rotten, bad deal, even if they cut $200K off the asking price.
Why would anyone want to pay that kind of money for a narrow rabbit’s warren of a building.
Clear out all the tenants (a tall order) and you still have a narrow rabbit’s warren of a buildng that you have to spend money an d time to rehab.
Btw, this place has been on the market for ages. I saw the sign out front months ago.
The Stuyvesant Heights house seems like a better deal to me…