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]
Seriously, What, why are you such a fear monger…seriously? And dude, why can’t you spell or proof read. Since you said you were a resident of bedstuy when the Slave theatre was in operation, I am going to take a leap and assume that you are black. Well if so, stop acting like a f-ing COON! Dude, I am embarrassed for you. Jesus man! I have been reading your incoherent rants and it makes you seem like you have never attended a proper school in your life. If so, just keep quite, maybe folks won’t notice.
Sorry you grew up in the hood, sorry your life seems to suck, sorry that you wish you unhappiness on others, but chill the “f” out. You showing out like this is not helping anyone’s cause.
Not sure why you pray for others to fail, but that kind of hate is some old school “crab in a barrel” self-hate that you probably blame on white people or something. You are a disgrace! I really mean it! I f-cking embarrassment!
4:55 – GENIUS. thank you. I looked in the $550-$650 range in the mid-90’s and ended up in cobble hill, but no matter… EVERY place i looked at was safe and had amenities. For many of today’s buyers, income has not come close to keeping up with the real estate boom, so they make the same now as i did then, and they do not have the option of buying in cobble hill.
buying in this part of bud-stuy would be impossible for the average NY’er with kids because it’s a terrible neighborhood there for a “upper” middle class NY’er (who is kinda poor in the city housing-wise) regardless of your race.
this is why condos/coops are probably a better alternative in this price range – try the lorimer/graham area of williamsburg, kensington, ditmas maybe or greenpoint.
“There are a few idiots that know nothing about the neighborhood, a few more idiots that are really clueless about real estate in general and most of the race comments have come from the typical master baiters looking to taunt and who are easily separated out from the very few real racists that, largely because of their stupidity, will always be here.”
Hey Dummy, you just got here. I bet you been in Bed Stuy for 2 years and in NY for 5 years. Now you Punktified Ass comes to the Stuy and now you a “expert” on this neighborhood. Dave give me a break.
“I see all of this as uplifting for the neighborhood, society as a whole, and; of course first and foremost, property values. After all, this is a real estate blog, make no mistake about it.”
You saw a “Uplifting” of hot money and a Mutant Asset Bubble! You and the other “Asshats” thought you could price people out of a neighborhood but with the crash going on right now (YES CRASH) you and other are paying that you values don’t go down the toilet.
Thats the reason why I hate this Blog so much! Brownstoner and others hype up fringe neighborhoods hoping that other “Asshats” come in. Yeah so and so is moving from the UWS or Soho to come to “Clinton Hill” WTF!!!! Are you nuts?! Why would any “White ” person move to “tha hood”, because they beLIEve the hype of this blog and others! Just pure BS! I hope you and others get what is coming to you…..
The What (Keep Praying)
Someday this war is gonna end….
man I hope interest rates grow up, it’ll help my downpayment grow quicker.
Actually this thread on Bed Stuy has been far more positive in the tone and nature of comments than what I’ve seen here for quite some time.
There are a few idiots that know nothing about the neighborhood, a few more idiots that are really clueless about real estate in general and most of the race comments have come from the typical master baiters looking to taunt and who are easily separated out from the very few real racists that, largely because of their stupidity, will always be here.
I see all of this as uplifting for the neighborhood, society as a whole, and; of course first and foremost, property values. After all, this is a real estate blog, make no mistake about it.
Hey folks, I something better. Forget Racism, here come the flagpoles!
Bernanke Says Rate `Well Positioned,’ Watching Dollar <-- Huh? http://www.bloomberg.com/apps/news?pid=20601087&sid=alQst9kC7wV4&refer=home
June 3 (Bloomberg) — Federal Reserve Chairman Ben S. Bernanke signaled he’s done cutting interest rates for now and raised his biggest concerns yet about the inflationary effects of the dollar’s 16 percent drop in the past year against the euro.
Oh no….. You see the FED follows the Bond markets. At this point The Bond market is saying “Get Bent” and are dumping their Treasuries. Plus when the Chinese are done with the Olympics, they are going to tell the US to “Get Stuffed” and dump. What does that mean for you (Asshats)? HIGHER INTEREST RATES!!!!!!! Yes Asshats you will be trying to “Get out of the hood”!!! Honey call U-Hall, this Flagpole hurts, LMMFAO……. You are done and the topic of “Race” wont mean nothing…………….
The What (RUN!)
Someday this war is gonna end….
BTW Hey Dave In Bed Stuy.. I will give you 100,000 for your “Brownstone” Before it goes to 50,000…. The powers that be are going to pull the rug out from under you….
5.11 – who is the KKK guy?
As a current African American owner in bedstuy, I have to say something here. Why does it seem that folks on this board seem to equate improvement with the presence of white faces? I live on a block with a couple attorneys, a physician, a few bankers / hedge fund guys/gals and several other well to do professionals (“buppies I guess). All of us are black and most of us have purchased in the last 24 – 36 months at varying prices. The block (and surrounding blocks) is amazing. I actually enjoy coming home everyday and see people who look like me and are of means. (I hope that does not make me a racist since I consider my self a pretty hardcore liberal).
No bedstuy is not without crime and negativity, but it is truly an amazing place. Things will get better. My family is settled in for the long haul. I welcome every new face I see on the block and I also pay my respects to the elders who kept the block from falling into total despair.
Sure not every block in Bedstuy is as nice. However, I can tell you that as a black professional, my peers are moving to the neighborhood in droves. Last I checked our money was still green, and we all desire the amenities that our dollars can afford. Give it time, things are changing and will continue to do so. If you are afraid to come here, please don’t. Your fear is a contagion that infects the community and tends to attract the bad element. We need people in this neighborhood who truly embrace the cultural renaissance that is taking place in this beloved neighborhood of mine.
Our block is not without white people. There are several. They rent.
woodside isnt really a desirable area and its filled with white people.
lets stop assuming just because theres black people, white people think the area sucks.