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]
8.39 – it isn’t meant to be any less worse – why did you think that?
No one is talking about the fact that this is in the “bad part” of bed sty past Malcolm X.
I’m white and I’d consider Bed Sty, but not out there…
THIS HOUSE IS IN OCEAN HILL
Thank you for the meaningless post, 10:40. Very helpful. Who needs renters. They are useless
I just have to comment on the whole owner/renter debate. Bitter renters – I think is what they are being called. Most of the owners posting this are forgetting they are just “renting to own” from the bank. And with the help of some bitter renters. Note: better hope some bitter renters do not decide to stop paying rent, because I’m willing to bet your not providing rentals out of the goodness of your heart.
I am white, with black partner, who own in bedstuy for 5 years now. Neighbors were excited to see people fixing a house that was abandoned. We have been very welcome since the beginning. It feels like Mayberry more than a crime zone. Yes, there is crime here, but since we started, the difference is unbelievable!!! It feels so much safer. I feel ok jogging now, walking around, going to the cafes. And also, I agree with some previous posters, there are MANY wealthy black people living here who are gentrifying the neighborhood. Black doesn’t equal poor! Black now often equals very upwardly mobile and rich! Fresh Direct rich! And hallelujah to that! Mindsets and prejudice really needs to change, it is getting old, real fast… Oh, but the block that the house is on that started this thread- it has a ways to go. Too close to the projects, lots of crime in those particular projects.
5:15: Last line was a hoot. I am white and own in Bed-Stuy, but I love how you turned it on its head.
Hello everyone. Bed-Stuy is homo central!
The What just changes the subject when he has nothing intelligent to say, which is all the time.
The war is over. You lose. Get out.
“For the most part, Whites moving to Bed-Stuy are struggling (slumming). Trust me, if they had money they’d be renting elsewhere. Ideally, in Manhattan. If not in Manhattan in Park Slope, or a more other “desirable” (code=with fewe Blackx) neighborhood.”
The person who posted this is anasshole. I live in Park Slope land of boring…for too long now. I am white with wife and three children. We cannot wait to get out of the Capitol of obnoxious sense of self entitlement- subarudrivingmilitantdemocratknowitallsonbrownstonernaysayers! I have lived in Greenwich Village, Soho, Tribecca and the LES. I have several friends, white and black, that live in Bed Stuy. Even with out the ammenities, it is a far more interesting and inspiring neighborhood than Park Slope snoozzzzzzzzz! But please keep up the good word you are spreading. If it helps keep Park Slopers in park slope, I’m all for it….fool.
park slope is nuthin but queer folk.