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]
“House is cheap but as a white male w/ wife & child, you couldn’t pay me to live in that ‘hood. Too risky for us white folk. If I were black, I’d jump all over that”
There are a lot of white people, with families living in Bed-Stuy right now. But I think you’re right – I don’t think you sound like you are ready to live there.
It’s people who say that Bed Stuy has “no crime at all” that makes me feel like I’m being sold a home by a used car saleman/mattress discounter/telemarker all in one.
So unhelpful.
“House is cheap but as a white male w/ wife & child, you couldn’t pay me to live in that ‘hood. Too risky for us white folk. If I were black, I’d jump all over that”
There are a lot of white people, with families living in Bed-Stuy right now. But I think you’re right – I don’t think you sound like you are ready to live there.
“House is cheap but as a white male w/ wife & child, you couldn’t pay me to live in that ‘hood. Too risky for us white folk. If I were black, I’d jump all over that”
There are a lot of white people, with families living in Bed-Stuy right now. But I think you’re right – I don’t think you sound like you are ready to live there.
Howard Ave is in Bed-stuy/Ocean Hill.
A ClintonHillLady
2:05 pm Are you kidding me?!?
A ClintonHillLday
before someone comments on 2:05 there have been a number of times people have commented on areas black people shouldnt live because the white people there are crazy racists.
either way its retarded
Is Howard ave still Bed stuy ?
2:05 pm Are you kidding me?!?
A ClintonHillLday