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
AMEN 11:17 you have been reading my diary ;o)
Well put 11:17
I (an African American) often agree with the earlier poster who said that (some of) the current residents have held the neighborhood back.
There has been a complex socioeconomic mix in Bed Stuy that has allowed some sections to maintain high quality housing stock (e.g., MacDonough between Lewis and Stuyvesant) and other neighborhoods to suffer tremendously (pick any block on Malcolm X). I think it’s far more culture driven than class driven. There are folks who care about the neighborhood and have worked tirelessly for years on house tours and other activities to promote the are. There are folks who have little money and figured out that it doesn’t cost money to sweep in front of your house (or apartment). Then you have people who throw garbage in the street with trash cans within two feet. I want the last group OUT of the neighborhood. I don’t really care that they have been there forever.
The ironic part is that I would not have found my home for the price I did, if these same people weren’t there. I’ll finally admit that. (It took me a while to work through my newcomer entitlement.)
This is not about money or race – you simply have to care about where you live. Bed Stuy belongs to the people who care about it. Personally, if I could pick up he neighborhood and shake certain people out, I would in a heartbeat. I don’t call it hating on my “folks”. I call it protecting my investment.
I earnestly hope more people see the opportunity to own in a beautiful commnunity and continue to help shape it into something greater. Black, White, Cablanasian, gay, straight…whatever. Just care about the community when you get here.
10:28 I really think the average upper middle class new yorker who wants a brownstone will look at buying here in Bedford Stuyvesant or Crown Heights. This area really is Park Slope 1990
It would be really nice to see what becomes of this area in 10 years. I can only see a positive outcome.
It seems like Bedford Stuyvesant and Park Slope always get high post messages. Are those the areas that most people are really interested in “learning about”?
I think the people are not really racist that post on here they are just scared that this area will become better than theirs.
“your responsibility for the past three hundred years of injustices”
No one is responsible for something they did not do. As an immigrant I am continually amazed by the nonsense spouted out in this country. Its holding things back.
despite all the claptrap theories on here the one thing that has preserved the Bed Stuy architecture is poverty. Ironically, poverty, and the associated lack of interest from developers, is the great preserver.