House of the Day: 266 Stuyvesant Avenue
Most recently used as a school, the four-story brownstone at 266 Stuyvesant Avenue in Bedford Stuyvesant still retains much of its original (and quite impressive) woodwork. It’s definitely going to need some work (how much, we don’t know) but it’ll certainly be an interesting barometer of the Bed Stuy market. Priced at $699,000, it’s in…
Most recently used as a school, the four-story brownstone at 266 Stuyvesant Avenue in Bedford Stuyvesant still retains much of its original (and quite impressive) woodwork. It’s definitely going to need some work (how much, we don’t know) but it’ll certainly be an interesting barometer of the Bed Stuy market. Priced at $699,000, it’s in the first-time family homebuyer range for sure. In this market, though, we’ve got no idea whether this is a $699,000 house or a $599,000 house. Let’s think about the math: If you bought it at the asking price and put another $100,000 into it while racking up a $600,000 mortgage, your monthly costs, with taxes, would probably be somewhere in the mid-$4,000s. If you could rent a duplex out for, what, $2,000, then it could cost you less than $2,000 a month after tax to own this place. Not crazy.
266 Stuyvesant Avenue [Stuyvesant Heights Brokerage] GMAP P*Shark
You tell ’em, Dave.
Some of these people are spouting ignorance.
Um…yes, we have the NYT, and, hold on to your seats, kiddies, the WSJ is available at the corner bodega too. The corner bodega also has plain and vanilla flavored soy milk. If there is something that you want that they don’t stock, you can suggest it and there is a chance that it will hit the shelves. And, my garbage is collected 3x a week, thank you very much.
As for the cafes…there are quite a few in the neighborhood, including a new coffee shop opening up within the next couple of weeks.
Look –it ain’t Park Slope and there are certain improvements that we all would like to see, but those of us who have chosen to live here appreciate it with all of its warts.
So, I will enjoy my 2,800 sq ft, backyard and pocket change for vacations and other things.
all u people saying its a steal,try to walk though that area at 3AM.stupid yuppies.
Do the Right Thing was filmed on Stuyvesant Ave. and Lexington. there’s still a fading wall mural of Mike Tyson on a corner building nearby. Spike also filmed Crooklyn somewhere in Bedford Stuyvesant, don’t know exactly which street though.
I love you 11:17. What a wonderful post. Thank you for taking the time to write it and share it.
I love Bed-Stuy (I mean Bedford Stuyvesant, 7:07!)
I heard the house in contract – as of today!
I heard the house in contract – as of today!
11:17 wins the good neighbor, good poster, model community member award. Excellent job.
WOW that is a good price even for Bedford Stuyvesant
You summed it all up 11:17… I hope this will shut up the negative people…