House of the Day: 456 Bainbridge Street
It’s tough out there for a house in Bed Stuy. While houses in some of the more expensive neighborhoods in the borough continue to hold their value relatively well in the face of the national housing crisis, neighborhoods like Bed Stuy, which has had its share of subprime and foreclosure problems, are having a tougher…
It’s tough out there for a house in Bed Stuy. While houses in some of the more expensive neighborhoods in the borough continue to hold their value relatively well in the face of the national housing crisis, neighborhoods like Bed Stuy, which has had its share of subprime and foreclosure problems, are having a tougher go of it. Take, for example, the case of the 456 Bainbridge Street: The three-story house still has lots of original detail in the owner’s duplex and a two-bedroom apartment on the top floor to help cover the mortgage. It’s been a long, unfruitful sales process thus far. The house hit the market last July for $695,000 and has undergone three price cuts since, culminating with that week’s that brought the asking price to $525,000. Think this will be the magic number?
456 Bainbridge Street [Douglas Elliman] GMAP P*Shark
Price Cuts at Bed Stuy Townhouses: Is This a Trend? [Brownstoner]
3:50 I said that I didn’t presume to know. Reading comprehension is not your strong point as was first verified in your 3:30 posting.
No way of really knowing where you live though, is there? Just an anonymous blogger.
Why the bars on the windows?
3:44 DELL $23.62 +0.82 as of 3:52
Dave’s bitter that he’s still the only cracker on his block & fears for his life everytime he comes out past dark. He’s praying for white folk to move in. Sucka!
3:44 I apologize.
3:39 what the hell is personalized racism???
I own in Brooklyn Heights, Dave. How is your presumption (a very wrong one) any different exactly?
3:30…I have no rose colored glasses nor am I dellusional about each and every street in Bed Stuy being worth buying even at this place. You tripped when you made that logical leap
You have no idea about what my mortgage looks like. In fact it was 37% of the purchase price and I took it because money was cheap then….less than 5%. I sold my Manhattan condo where I was paying $3,356 per month in mortgage, taxes and CCs. I now shell out $1,200 net for my 2,560 sq.ft. brownstone with period details, parlour deck, lanscaped yard, 9′ X 14′ marble ensuite bath, blah, blah, blah.
Don’t presume to know anything about your sorry state of affairs to comment on them though.
Bitter?
Can people PLEASE stop spelling delusional with two ls. It has nothing to do with the computer company.
I understand 2.05’s comments, why the fuss? You couldn’t pay me to live in Howard beach with its KKK thugs. No different to what this guy’s saying.