House of the Day: 208 Hancock Street
The days of someone paying a lot of money for a wreck of a house in Bed Stuy are over, if they were ever really here at all. (Most of the houses in Bed Stuy that sold for close to a million dollars or more in the last couple of years were either in good…
The days of someone paying a lot of money for a wreck of a house in Bed Stuy are over, if they were ever really here at all. (Most of the houses in Bed Stuy that sold for close to a million dollars or more in the last couple of years were either in good shape or had something pretty spectacular to recommend them.) As much as we dig the exterior of this brownstone at 208 Hancock Street, we’d be very surprised if someone paid the asking price of $859,000. There are no interior photos of the 3-family, 3,600-square-foot house, but judging from those windows, we’d be surprised if the inside of the house had been particularly well-preserved. So what do you think the market is for something like this? Not very strong, we’d guess.
208 Hancock Street [Weichert] GMAP P*Shark
Guys please….from now on…..all stabbings and shootings happen in Bed-Stuy
If you are ever trying to justify inflated home valuations, then the home in question is NOT in Bed-Stuy. It could be in:
Northwest Stuy
Bedford Corners
Indian Road
Stuyvesant Heights
Pratt Slope
Fulton Narrows
Bedford Village
A-express train Square
25 minutes to Manhattanville
Gentriburg
New Netherlands
Bedford-Gothams
Weeksville
Bronzville
Strongville
Sub-prime-ville
Value dropping like an-anville
The “fits and starts” starts woman you’re referring to is Petra from Bed Stuy Blog. She wasn’t too happy with that article because she was under the impression they were speaking about Myrtle Ave, not the entire area of Bed Stuy. This house is not near Myrtle.
Back to the house: They probably got the $859K price using comps. I looked at a place around there a year + ago and it went for $850K, but that was at the very tail end of the hype. Now, I can’t see a property like this selling for more than $750K — especially if it needs a lot of work. People are seriously out of touch with reality. It’ll be interesting to follow this.
Make New:
Really … well … when you look at a map, that’s how it is layed out visually (my way), although yours is probably technically more correct. To me, what your point really illustrates, however, is why the “simple” quad system isn’t used. It isn’t so simple. Carry on with Bedford Corners, Stuyvesant Heights, BoCoCa, whatever. I know the area pretty well, so I can follow whatever description you create. Daveinbedstuy’s observation about cross-streets is probably as good a way to distinguish areas as any other.
I wish the neighborhood WAS for me. I love the housing stock, great access to transportation and Manhattan. I just think it’s a shame that prices have moved beyond the actual gentrification of the neighborhood. The area is gentrifying in “fits and starts” as one woman in some article (nytimes) said, because it went from rock bottom prices to these prices in a very short amount of time.
What happened to the prices in Ft. Greene, Carroll Gardens, PS, etc happened over the course of 20-30 years.
Not 8.
You are right though Dave. Some neighborhoods are attractive to certain people and that’s a good thing. I’m glad you’re there trying to make the place better for everyone.
81st is in eastern Bedford Stuyvesant all of Ocean Hill. All of the murders have happened in Ocean Hill near Bushwick or east Williamsburg.
I just want to say that the house looks magnificent from the outside (except for the cheap windows). Thank you Amzi Hill for the attribtion to Montrose Morris. It does look like his work. There are amazing treasures in Bed Stuy.
Enough already. Either the neighborhood is for you or its not, for many different reasons.
And where did you come up with “shell”, 11217? I see that the house needs work, but I didn’t see shell written anywhere.