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]
This seems to be in the far.It is almost queens. No?
hey i live within 5 blocks of this house! yay for me. i’m over the bushwick border, but i like the area a lot, but could certainly see how it wouldn’t be a lot of people’s cuppa tea. saratoga park is lovely …
Yeah, 4:45. It’s like that when you’re afraid of the Dark.
No amount of rationalizing and assurances from Mom. “There’s a monster under my bed! I’m sure of it.”
Yes this is in Ocean Hill read this: http://en.wikipedia.org/wiki/Ocean_Hill,_Brooklyn
5:43 – No GENIUS, thank you. What’s the present value of that mid 90’s $550-650?
We do live 5 blocks from this house (north and west). My husband discovered this area when his J train skipped Halsey and he got off at Chauncey. It is a nice block, like many of those east of Malcolm X. See for yourself.
Brownstoner, Why are you always beating up on Bed Stuy? Its your Clinton Hill a couple of years ago. The transformation of this neighborhood is fascinating and amazes me every day. It is far more interesting than anything that is happening in the slope which has essentially become the upper west side and only vaguely resembles Brooklyn at this point.
The problem with this property is that is was priced too high to begin with for the area it was in. As other commenters have pointed out- Bed Stuy is HUGE-its actually one of the largest neighborhoods in Brooklyn. The price is going to vary according to where it is, its proximity to the subway, what state the house is in, etc. This house is finally priced right and I think it will sell.
Here’s a thought for real Brooklynites and true Brownstoners. We’ve made this BROOKLYN what it is today. The best place to be in NYC, home to one of the most desirable nabes in the country, host to the hottest writing scene ever, Hollywood East, an attraction to European travelers, and an unfortunate boon for Ratner’s Nets. Now, there are no shortage of old-timers, people who left the city, manhattanites, and on-lookers who can’t believe what Brooklyn has overcome to BECOME. (Just ask your neighbors in PS, CH, BH, PH, etc.)
We’re foolish for not projecting the same amount of energy and enthusiasm toward Bedford-Stuyvesant. For years Brownstone Brooklyn has excluded this neighborhood, which has the most and best brownstones (fact, not opinion). We’ve all got a reason to love and support change in Bed-Stuy. Our future is tied up in Bed-Stuy’s future. You can’t get a seat in your local school cause families from Bed-Stuy are enrolling there. Ratner’s arena is about to change the face of FG and PH. The push east has already begun and you may need to join in.
This is the new Brooklyn and it includes Bed-Stuy.
seriously
does anyone posting on this site live within 5 blocks of this house?
I know some people that live on the other side of bushwick ave but thats more than 5 blocks from the house.