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
I live in Stuyvesant Heights and I had a rental unit in my house that I posted on craigslist and of the forty or so people that came by to look at the place only one was black. When I walk around the neighborhood on any given weekend I see moving vans with only white people moving in to these houses. I think many of the black older home owners will stay along with the young black home owners that brought with in the last 10 years. The people that are moving out the area are the people that grew up in these houses as children in the 50 and 1960s. Also many blacks that came to the area during the hard times of the 1970s are retiring and wanting to move out of state.
LISTEN TO ME……
It is not worth it!
living in this polluted old city is not worth the millions.
That is true I just brought not far from here and I love my neighbors we really watch out for each other which I really love. I lived in park slope for 10 years and thought I would miss that area but I really don’t. I like how people smile say hello to you when you pass them. I never got that in Park Slope. My kids go to school in Brooklyn Heights so I ride with them everyday.
This is a nice block but it is about 100% same-race. Is anyone seriuosly suggesting that someone who is not of the locally prevailing race move here? Isn’t that the sort of thing we do not want?
Unfortunately, I think that successful young Black people who grew up here want nothing more than to get the hell out. so maybe in twenty or thirty years it will be mostly White with just a smattering of adorable elderly Black folks around.
Nice mid 1880s brownstone…
We just moved to this block last November and love it. We traded our 750 square foot Boerum Hill Coop for a house. The neighbors have been very welcoming and our kids play with the kids on and around the block. It has a strong block association that recently purchased all the iron gates around the tree pits through their fund raising efforts.
Residents on this block are mostly home owners with rentals. Some of the home owners have been here for 20-30 years. There are only a few recent sales ours and a few neighbors 5-6 years ago.
One of the best things about this neighborhood is that you won’t be living next to the racists that post on this blog.
4:26 and 5:02, get a clue. I live in Bedford-Stuyvesant and my kids got into an excellent public school that happens to be in a different, nearby neighborhood (although there are some great charter schools here as well). If you’ve been reading the paper, you know that the days of saying, “We’re zoned for PS XXX, so I’ll never have to worry” are over. NYC schools are getting seriously overcrowded due to the under-5 population boom. Any parent who lives in NY and cares about their kids’ education needs to be willing to hustle no matter where they live.
Needless to say, we would not have moved here if we believed we were placing our children “in jeopardy.” We believed for a number of reasons that this would be the best possible choice for our family, and fortunately this has proven to be true. Your assumptions about people who decide to move here are shortsighted, elitist, and just plain stupid.
I am sure this house will not have a hard time selling. I rather be here than the other areas that seem to live in a box.
Some parts on Macon are also Landmark