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]
WOW…26 hours later and comments are still coming in….fantastic. Although it does seem to be a rather slow day on brownstoner here today.
Bedford Stuyvesant always gets a big turn out on this site. I think a lot of people are looking to move in this area no matter what all the negative people on here have to say… last weekend I saw about 20 moving vans full of young white people moving in the area… If it is so GHETTO why do they keep coming…
I can’t speak to the specific area this house is in (as other posters have pointed out, Bed-Stuy is a vast neighborhood and the different parts of it have widely differing vibes) but I have spent 3 years living – and owning – in the Southwest corner of Bed-Stuy. And I’m white. In those three years I have had exactly one person express anti-white sentiments to me, and she was an off-her-meds type who would have found something to rant about regardless. (Maybe she was the What!) 99.9% of our neighbors have been friendly and many have gone out of their way to show us a warm welcome. Oh, and we’re not the gentrifiers… there are several black families on the block who, by all appearances, earn quite a bit more than we do.
Bottom line, anyone of any color who is respectful, neighborly and doesn’t have a huge chip on their shoulder would be fine living in Bed-Stuy. Unfortunately that disqualifies most of the posters on Brownstoner.
OH PLEASE! enough BS — 1:33! i have lived in Brooklyn for forever. Cobble Hill, CG and of PS was not remotely ghetto 10 years ago.
this is idiotic!
this is a POS neighborhood. why are the people on this site so damn pigheaded?
“Our time for change has come.”
Better for the what to act like a c*on than a j*w or he*b.
5th and 6th ave in Park Slope were GHETTO. The interior of Cobble Hill was also GHETTO. You must be new to Brooklyn, but old. Here, in 2008, GHETTO is no longer a place or neighborhood – it is a mentallity. There are GHETTO people in every nab in Brooklyn. Take a ride (you will be safe in your car) through Stuy Heights. Equal or better that all of Park Slope. No John J. either. Funny thing how all the people chiming in about Bed Stuy, live in nabs that were once crime-filled. Never hear from Brooklyn Heights one family mansion owners. Stop pretending to be at the top.
a cobble hill brownstone that was bought in ’96 for $650K is probably worth about $2 million now (out of it for years, so guessing – it’s small, but renovated). But, listen up – this area went bonkers price-wise because it was already a solid neighborhood in ’96 like PS or CG.
This house here in the post is in the GHETTO. 10 years from now, it’s not going to be worth $2 million.
And, you have to live there NOW! When i moved to CH in ’96, it was lovely, safe and convenient with coffee shops, restaurants, cabs, italian deli’s and butchers, etc… It was terrific right away.
People, do not go dropping this kind of cash on the hope of some day it won’t blow. Move somewhere that is livable from day one.
Hey 11:55, go adjust the rabbit ears on your thrift store tv…careful not to knock it off the milk crate. And, is your B’stone a one family original w/out colored cement on the outside? Glorified brick filled stucco. Renters make it possible for most of the idiots like you to live here. Move back to Kansas.