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]
These blocks in Bed Stuy have NOT been gentrified by white people moving in. They have been gentrified by the existing long-term residents of each block individually. They were the ones who put an end to crime in their neighborhood and they were the ones who planted the gardens that won the award last year.
ask a black person to move to howard beach
no way in hell they will.
same thing
Superfun fact of the day (stop the presses for this one) … black people get mugged. Young black men, even!
2:05, If you’re worried that some drug addled burglar might climb through your window, stop pretending it has anything to do with race.
If you’re worried that the local youths won’t give you a warm welcome, you’re probably right and you should stick to Park Slope where there’s no racial tension at all and you’ll never be the victim of a crime.
2:22…Don’t you mean third world country?
Cause this area of Bed Stuy ain’t too far off…not a good locale, to say the least…
Well 2:29, in fact no neighborhood welcomes white trash!!
I’m 2:05pm. Alls I be saying is I’m white & I drove through that ‘hood on sunday w/ wife & baby in tow. Got mean looks from the locals. It be too dangerous for us white folk. I’m not ready to gentrify a hood all by myself. God forbid the locals ever mistook me a for a Jew. Don’t know what then would happen
There are a lot of white families in Bed Stuy? How many is a lot? In this part of bed Stuy?
Bed Stuy is okay. Most people can be perfectly happy living in a third rate neighborhood.
Honestly speaking, you have to look at a lot of these different streets in Bed Stuy street-by-street. That was the way you had to go about Upper West Side Harlem. Now you can’t get a shell on a lousy street up there for less than $1MM. Not every street is going to be to your liking…maybe too many ugly buildings, maybe too close to a “loud” or “sketchy” corner, maybe too far from a half-way decent grocery. Difficult to go wrong at $200 psf. there isn’t any neighborhood that’s really on a decline anymore (‘cept maybe East Village…LOL)