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]
4.18 – apparently 4.34 thinks theres no racists in Bed-Stuy. You two should talk.
“Anti-white racism? That’s exactly the type of bullshit and and self delusion that creates the animus that exists”
You are so involved in your own story that you have no idea that anti-white racism exists? Plus you denigrate the people who move into the neighborhoods, instead of those too fearful to move in becuase of what they perceive.
You need some self-scrutiny.
First of all, as a black person and brownstone owner,I find some of the comments regarding race and real estate on this thread to be innane. Here is how I see it. Self entitled white people w/ resources move into brooklyn neighborhoods ( i.e. Fort Greene and Clinton Hill and to a far lesser extent Bed Stuy) then act as they’ve done you a favor… and have the nerve to find your presence threatining. The previous generation of white people abondoned these areas in fear of black anger manifested by social and systematic racism since the inception of this country. Anti-white racism ? That’s exactly the type of bullshit and and self delusion that creates the animus that exists. These neighboorhood were redlined for decades disallowing the purchase of real estate en masse by the black underclass. Reclaimtion of previously abondoned neighboorhoods does not entitle you to dismiss the people who have been here just because you feel class discomfort. WTF
dave – are you saying that the crime in bed Stuy is committed by outsiders?
as an owner (actually not white or black) in bed stuy, i am glad to see that the bland park slopeish types are staying away. most of the newer residents of all races are artists/creatives and find the area just as liveable as the les when the upper east siders were scared to venture into alphabet city…
4.18 – thats the point, there are racist in every neighborhood. Duh.
4:11…if there were hookers then there’d be more white people cruising the neighborhood but I’m not a sociologist like that asshat above who says she’s from Brooklyn Heights (She had to spell it out so we’d know).
4.05 – unless you get your property tax arrears paid by next weekend we are selling your house in a tax sale.
The City.
Montrose Morris…I like that word “suspect”
4:06 you are just a complete ignoramus.
4:05…few people on this site have a grasp of that reality!!!