House of the Day: 483 Putnam Avenue
This three-story brownstone at 483 Putnam Avenue in Bedford Stuyvesant is a charmer. The parlor floor of the owner’s duplex is stunning, and it looks like the rest of the house has its share of original details as well. If this were four stories, we’d say that the asking price of $809,000 looked pretty good….
This three-story brownstone at 483 Putnam Avenue in Bedford Stuyvesant is a charmer. The parlor floor of the owner’s duplex is stunning, and it looks like the rest of the house has its share of original details as well. If this were four stories, we’d say that the asking price of $809,000 looked pretty good. At three stories and only about 2,500-square-feet, it’s not as compelling as Thursday’s House of the Day. But given that this place changed hands for $700,000 two years ago, it’s not crazy either. We’ll be surprised if they get their price though in this market.
483 Putnam Avenue [Corcoran] GMAP P*Shark
As more and more whites buy up Bed-Stuy crime will go down as they are pushed out making this a good investment in years to come.
why is everyone beating up on dave? clearly he has knowledge of the this neighborhood and i agree with his input.
i use to live on halsey and stuy, and it was definitely a 10 minute walk for me.
Dave, you didnt mention “intersection” at your 3:51 post. So I lost my bearings because I dont eat at the “great” restuarants on Broadway.
For the record that Throop and Broadway intersection is like a mile away from this house. I’m not sure why that troll brought it up.
im out
This area seems to be changing for the better everyday. More homes like this please Bedford Stuyvesant I know you have them out there…
Should we sell in prime FG, buy on Putnam and pocket the difference.
To those living on this block and nearby: what would you say the amenities and feel are of the neighborhood?
Will we miss FG a lot or does this area of BS have a lot going for it?
Thanks!
“Anybody with a decent credit score and a downpayment of 10% or more will easily get this house. That’s what mortgages have traditionally been based upon. And thats where they are back to now.”
Oh no But-Boy! This is a JUMBO!!!! 20% Down, Interest rate north of 8% Asshat! 680 Credit Score and 6 month of PITI in the bank (Must be seasoned). Let’s take a look shall we..
809K (Ha ha)
162K (Down payment)
647K (Mortgage)
Result:
Monthly payment: 30 Years
Interest rate: 8.000%
Loan amount: 647,000.00
$ 4,747.46 a month!
Let”s add in Taxes and Insurance about 600 a month. Plus lets add in ENERGY, about 700.00 pear month( I know wither season, I will use avg) 400.00 per month.
The Grand total is about 5700.00 per month.
Now Asshats lets see how would Underwriter fund this?
Rent from the top floor 1500 per month so I can apply 75% of that to the “income” of the Asshat Landlord!
5700-1125=4575
Then .35% x 4575= 13,072 monthly income from Asshat Landlord or 156,857 a year..
Now I ask you on question.. How much would a Duplex rent for on this block?????????? Let me take a swing at it 2200.00 per month!!!
Now just to be a Asshat Smug-Metoo Owner this “Genius” is paying a premium of 2300.00 per month or 27,00 per year.
You see Asshats no one figures this in to their decision making. Just part of the GO-Go Asshat generation!
The What
Someday this war is gonna end…
BTW There is no more 90% LTV loans!
Using 35/41 Debt to income ratio.
BBQ in the front yard…sitting on stoops and lawn chairs…Ghetto Behavior??? Nope. That was just typical neighborly Brooklyn behavior before gentrification made it declasse. They have no backyard access and the landlord (of course!) let them do it. My childhood in Staten Island was spent among my ex-Brooklynite neighbors and old habits died hard. Our parents all hung out on each other’s stoops–even when they had their own backyards (but no A/C)–and shot the breeze. Us kids would run up and down the block playing games and chasing lightning bugs. I wish there were more of that now but everyone retreats inside. The downside of A/C.
I’m not really taking the poster seriously. He may just want to get a rise out of us.
Dave you make a really good case. Most renovated brownstones are $900 – 5 million in Brooklyn
“1:37…the C is not 5 minutes…I live on Stuyvesant between Macon & Halsey and the A at Stuyvesant & Fulton is a 4/5 minute walk for me..and I walk fast.”
Dave, I guess you have to walk fast in BedStuy, right?
(Sorry, couldn’t resist)