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
Nice to see so many positive comments and so few (relatively) racist trash being spewed. The only one of the latter that I will even bother to rebutt would be 11:56…..There is organic milk in most corner bodegas (as well as Haagen Dazs, Becks, Heineken, etc, etc, etc) I buy the NY Times every morning on the way to the train, and we get trash pickup 3X A WEEK (which I’m sure you don’t). There are several cute cafes in the neighborhood and there is a new brick oven Italian restaurant coming if you read yesterdays posts.
Please stop the racist drivel. Obviously, we are dealing with a racist idiot whom has never stepped foot in Bed-Stuy. It is the black home owners that have kept Bed-Stuy in teh condition that it is in. The racism in this city has prevented it from aquiring the much needed services that it deserved until more white families started to move. That fact does NOT speak to teh long-term residents of Bed-Stuy, but to the racism in this city. It’s a damn shame. Don’t get me started on teh jerk who thinks that anyone whom cannot afford $2,000 a month in rent is a slacker!!! What an idiot and an asshole.
BTW…what in the hell is up with all of the put-downs about Clinton Hill? A war zone? LOL Are these jealous Ft.Greene home owners making these posts? I live in Clinton Hill and it is one of THE most desirable neighborhoods anywhere. There is no other place I would rather live…except Stuyvesant Hts of course. BTW…this brownstone is a STEAL!!!
Nice house even nicer price…
You rarely see Stuyvesant Heights in videos/movies. I think it was a well kept secret for many years.
I think around Gates Ave / Nostrand and Bedford
I’ve been looking to buy off and on in Bed Sty and have a tangentially related question that I have been wondering about:
Precisely where in Bed Sty was Public Enemy’s video filmed? I’m sure someone here knows.
The market is ripe for renters too. Floor-through one- and one-and-a-half bedrooms go for about $1,400.
If these sale and rental prices seem low, they are still about twice as high as in 2001, before the first wave of real-estate excitement crashed and swept away the neighborhood’s hardscrabble image.
Bed-Stuy is acceptable to mainstream Brooklynites and Manhattanites now
Prices in Stuyvesant Heights might seem high by historical standards, but they are still a steal compared to Park Slope or Cobble Hill.
A four-story house in good condition will fetch $700,000 to $850,000. At the high end, $1-million homes are not unprecedented, though they are rare. Fixer-uppers start in the high $500,000s.
For those willing to live farther from the A/C subway on Fulton Street, prices can be $30,000 less.
This house makes so much sense to me as a buyer looking for a brownstone but priced out of Park Slope and Ft. Greene.