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We’re not sure how we’ve managed to not discuss 162 Bergen Street yet, given that it’s been on the market since October of last year. Despite not selling for more than six months, the price has remained constant at $2,300,000. While hardly a give-away, we’re actually a little surprised that there hasn’t been one buyer out there who’s fallen in love and been willing to meet the ask. After all, this place has tons o’ charm and is in a hot location. What’s the catch? Does it need more work than the photos suggest?
162 Bergen Street [Corcoran] GMAP P*Shark


What's Your Take? Leave a Comment

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  1. “St. Johns between 5th and 6th ave is mostly public housing. It just looks like a row of brownstones.”

    that isn’t true. They’re not public housing. There was a public housing program in the 80s that purchased these properties and then sold them at favorable prices and rates to qualifying applicants. Those people now own those properties outright if they haven’t already sold them to others.

    It’s like the housing lottery winners that have been discussed here. Those people sometimes have some restrictions on turning over the property, but sometimes they just win big.

  2. “And, considering how desolate Brooklyn can be”

    Brooklyn is a city of 2.4 million people.

    More people than in Phoenix, Houston, San Diego, Boston, DC, Baltimore, Miami, Seattle, San Francisco and Dallas.

  3. 1:53 here – sorry, no renter. bought a brownstone in cobble hill in 1996 – probably way before any of you even considered buying in Brooklyn. sold that and went on to buy more properties. have lived in several neighborhoods and my preference is not to live near a project. doubt that this is a shocking conclusion to most people. also, yes, would definitely choose Greenpoint over Boerum Hill. The neighborhood cannot escape the ghetto. If you like living next to projects – go for it. Just saying MANY will prefer no projects to projects. And, considering how desolate Brooklyn can be, it’s more dangerous in Brooklyn. Also, you have to consider the public schools in the area and how they are affected.

  4. 2:42…if this property come back on the market, what you just posted would be the single most helpful bit of information to anyone. Thanks for being so candid. And any of you thinking of buying or selling, no matter how smug you feel about your ability to handle “the deal” never, ever do a real estate transaction without a lawyer. Even in NYC where the lawyer rates are the highest in the country it is the chepaest form of insurance you’ll ever find!!!

  5. Boerum Hill is a great nieghborhood. I’ve lived there off and on since the early 1980s and the change has been remarkable – for the bettter. If 1:53 PM and others are worried about crime they should visit the site below which provides crime stats for the 84th precinct (Boerum Hill). If you’re looking for context check the the same stats for the 76th precinct (which covers Carroll Gardens + Cobble Hill). You’ll see that Boerum Hill’s numbers for serious crime (i.e. murder, rape etc) compage favorably. Before everyone jumps all over me, let me say that I’ve lived in Carroll Gardens too and think that it and Cobble Hill are also great, safe neighborhoods. As an aside, I’ve lived in NYC my entire life. The only I ever got mugged was on 5th Avenue and 46th St.in Manhattan. Two kids pulled a knife on me. in broad daylight. The year was 1978.

    http://www.nyc.gov/html/nypd/downloads/pdf/crime_statistics/cs084pct.pdf

  6. I’m refinancing a $1.5m Jumbo loan and I’ve talked to six banks, all of which have offered me rates in the 5.625% – 6% range. These rates are available to anyone with a 680 credit score or higher. 1:42, you are an idiot and have no idea what you are talking about.

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