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]
“On the contrary, many of the new homeowners in Bed-Stuy are professional Blacks who chose to live there. It pays to be Black and able to blend in in a “transitional” hood. The one time where being Black works to your advantage.”
That’s exactly what 2:05 said that had him accused of being a racist. He said he considered buying there, went to look, and was treated negatively. He said he would buy there if he were black.
Of course the comments are inane. This thread is populated with trolls (the KKK guy and the I’m scared to drive through Bed-Stuy guy [maybe the same guy]) who are just throwing crap against the wall to see if it sticks.
4:55 – you are a troll. You have posted the same bull repeatedly. You and your gf get attacked in every black neighborhood from Bed-Stuy to Crown Heights to PLG. Get lost you little liar.
4:58: Thank you for your post. I think people (of all races) refuse to accept that not all blacks are poor and not all whites are rich.
most white people do not feel like their “doing anyone a favor”. They just want somewhere to live they can afford. Many things would be better if the majority of the people in bed stuy didnt think white people were taking over and destroying the area.
its the flip side of what happened in the 60’s and 70’s
The overwhelming assumption on this site that gentrifiers = White is mind boggling.
Many of the gentrifiers in Bed-Stuy and other neighborhoods are of color. When are people going to realize that NOT all Blacks are poor and uneducated. Gentrification is tied to economics not just race.
And, I can guarantee that many of these myopic comments are from so called Liberal Whites whose perceptions are still stuck in the 60’s, whose few Black friends are the exception. Who if live in Park Slope and Blacks move next door are quick to worry about their property values.
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.
On the contrary, many of the new homeowners in Bed-Stuy are professional Blacks who chose to live there. It pays to be Black and able to blend in in a “transitional” hood. The one time where being Black works to your advantage. HURRAy!! These new residents have more money than the struggling White hipster. Trust me. I know!!
The main point here is that Bed Stuy has HIGH CRIME!
You have to be an idiot to pay the prices of homes in Bed Stuy with the crappiest schools, no amenities and shootings every other night. It’s absurd.
When homes in Park Slope were 550K, the neighborhood was lovely at that point compared to this strip of Bed Stuy.
And for the record…when I was last in Bed Stuy with my girlfriend (I’m white, she’s black) we were nearly run out of the neighborhood from the hooting and hollering at us. Frankly, it was scary.
Neither of us have any interest in going back to a place where we were CLEARLY not welcome.
Stop denying it. It happens ALL THE TIME!!!
4:34 “WTF” is right. As in WTF are you on about? Who are these “Self entitled white people w/ resources”? The whites you see in your neighborhood who don’t respond to their new neighbors’ angry stares and dirty looks with a “hi, nice to meet you”? Have you talked to these people? Have they ever said anything to make you think they believe themselves entitled to something others are not? And in what way are they not entitled to buy a house with their hard earned money that one of your neighbors wants to sell? You are a bigot. If you want to see a racist, go look in the mirror, not at your new white neighbors who are just people trying to buy a house and live their lives.
4:21: My mortgage is so low, I have no problem paying it AND saving money. Nice try, Ms. Bitter.
4:34: There were plenty of black people who bought up the area when it was red-lined. If people didn’t buy over the years it has to do with other reasons than red-lining. And yes, there is anti-white racism. Most people wouild call it racism. The more you try to deny that there are blacks who dislike whites simply because they are white, you will lose any argument you can come up with. Don’t assume every non-black who moves into an area is self-entitled. By your very view point, you are a racist. WTF is right.
4.34 – I hear your anger – but you lose credibility when you claim racism against whites doesn’t exist in Bed Stuy. Folk will focus on that statement and discount the rest of what you state, however valid.