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 love the little 1880s iron fence
I hear this is a up an coming area. I live in Park Slope and could sell my two bedroom co-op for 700K and buy this great brownstone that is 4x the size
It is so nice to see a brownstone in Brooklyn that is priced right for a change…
I think 100K can get the job done…
Does anyone agree that 100K would make it habitable, new kitchens, baths, electricals and plumbing?
5:13 I think you’re a keyboard racist and have some issues. The long term residents are not the crime problem. That’s a slap in the face.
But I am not afraid to say that more Whites do bring in more police presence. The same way more white moving out west brought in more soldiers and wiped out the natives.
Bedford Academy which I think is in the old Boys High school one of the best looking school in NEW YORK CITY and some of the other charter schools are doing very well. I would not send my child to Boys and Girls but you people really don’t need to spend 20K for a good education.
You know, there is some merit to what 4:33 is suggesting. The price dynamics in Brownstone Brooklyn make owning a very difficult proposition but for all but a few well heeled individuals. As property valuations have increased, new owners are becoming increasingly wealthier making the neighboorhoods, well…less hip. No hyperbole, just fact. Although I’m sure some would suggest that hip is quite over-rated.
To move into Southern Bedford Stuyvesant today you are going to be paying a minimum of 1400 a month rent. Most people that pay those kinds of rents do not commit crimes.