House of the Day: 735 Decatur Street
Don’t let the vinyl siding fool you: This three-story, two-family house at 735 Decatur Street in Bedford Stuyvesant has lots of original detail that’s in surprisingly good shape. We can probably debate all day long about whether or not the asking price of $630,000 (according to the NYT listing) should be $20,000 or $30,000 less….
Don’t let the vinyl siding fool you: This three-story, two-family house at 735 Decatur Street in Bedford Stuyvesant has lots of original detail that’s in surprisingly good shape. We can probably debate all day long about whether or not the asking price of $630,000 (according to the NYT listing) should be $20,000 or $30,000 less. The bottom line is that this is by far the most charming house for the money on the market right now. Granted, it’s pretty far east—a block further and you’d be in Bushwick—but, whatever, we like it.
735 Decatur Street [Brooklyn Properties] GMAP P*Shark
735 Decatur Street [NY Times]
As an agent for the last 12 years I recall the conversations of people in my car not wanting to go “north of Myrtle” in FG or “east of Hoyt” in Boerum Hill or “anywhere” in what is considered South Slope or “west of 5th ave” also PS. History has a way of repeating itself, and the three houses my ex-wife now has in NW Bed Stuy -that were acquired for 460k total – will make her and her new family happy for decades to come. By the way she lives in an apartment in Manhattan.
4:23, it’s not that easy to buy a home. your friends probably don’t have 60K or good credit.
I love plenty of what brownstoner plugs, but this is a crappy house and it’s in a crappy nabe.
Some parts of Bed Stuy are very nice — this ain;t one of them.
This is a rough neighborhood. Someone would need to be making $175K a year to afford this place, IF it sold for $570K like 4:23 indicates.
This just does not seem tenable, especially for house like this that would require major renovation costs.
Buying at this price in this part of Bed-Stuy is a recipe for disaster.
Brownstoner says “a block further and you’d be in Bushwick—but, whatever” and there you have the big divide. Clearly some people have that “whatever” attitude about location, but many (most?) do not. That “whatever” is a huge deal-breaker for me. Is it a good price for the house? I have no idea–I would never even consider living there so no price is a good price for that house.
Posted by: guest at December 4, 2007 3:19 PM
I own several properties, I only live in one. Familiar with the term “I N V E S T M E N T”?
Mr B, thank you for exposing me to this listing. Im starting to feel that most of your readership are investors and they log on to try to discourage everyone on literally every listing you put up. I have quite a few friends who are renting and paying between 1300 to 1800 dollars for two bedroom apts in “borderline” neighborhoods. It seems to me that if their able to come up with the 10% down payment and have decent credit, it would be a wise choise to offer and hopefully get that house for 5-10% less than the asking price of 630k. And If an offer price of 570k is accepted, with 60k down,they would have a mortgage around 3500.00 dollars. When you take into acct a whole lot more living space, tax benefits,rental income, use of a backyard, sweat and long term equity acumulation, I think it would be downright silly not to look at this house or similar housing stock at this price point instead of renting. My humble opinion.
The neighborhood is Ocean Hill.
The rumbling of the J train all day and night would be enough to turn me off.
Taking the crap off the facade is easy and you would be surprised how many people on the block would follow suit. They are just waiting for someone else to take the lead and show them how nice things will look when it is done.
Updated kitchens and baths need to be done before you move in – hassle.
Those metal awnings are like turds in a bowl and need to be flushed away.
Will sell for $50 – 75K less than asking.
you could get a condo and not do work which would take a fair amount of time, plus you’ll have to pay the mortgage and the rent on wherever you are renting.
really dislike the house, the hood, all of it.
may be someone’s cuppa tho
needs a couple of hundo more in work for sure. at that price, you can get yourself a brand new condo in a way better hood.
It looks like much South Slope. Price of course would be higher there, but it would still be ugly.