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
“Police said that detectives went to Battle’s address at 650 Decatur St. to question him about check fraud ” That’s east of Saratoga…4 1/2 blocks east of Malcolm X.
As for the $859k it won’t get anywhere near that nor would it have in ’06 or ’07.
But you won’t find anything close to that building needing a gut job at anywhere near that price from Clinton Hill westward. That’s what “pioneering” is all about.
As for the murder, Rev. Sharpton is looking into that.
Dave is right 11217, Ft Greene is closer to this house which is in 11217 than the murder that took place in Ocean Hill
11217, I’m looking at a story in yesterday’s Post about street crime this summer. It cites:
– 5 muggings in Riverside Park
– 1 assault in Central Park
– 1 mugging on the Upper East Side
– 6 Pratt students mugged in Clinton Hill
– 1 mugging in Bed-Stuy (but a good Samaritan retrieved the woman’s purse)
– shots fired into a holiday party in Harlem
– shots fired into a holiday party on Staten Island.
This one article is not meant to be statistically significant. I merely want to point out that there is crime in Bed-Stuy, but we’ve hardly cornered the market.
“A little web research shows that the name Bedford Corners has been in use for hundreds of years…”
You are a lying piece of shit! I grew up on Hancock bet Bedford and Nostrand 1968- 1994 and NEVER NEVER no one use the term Bedford Corners!!!!
Take your lying neighborhood hijacker ass back to ohio!
WHAT–I didn’t invent that term and only looked it up on the internet in response to you (or somebody else) saying what is Bedford Corners (as used by Amzi Hill). Do a google search and you will find copious references to this as a neighborhood. So I am not a lying piece of shit. And I am not from Ohio. Born in Brooklyn. You are not the only native Brooklynite on this board.
This also says Bed Stuy…
http://cityroom.blogs.nytimes.com/2007/11/16/anger-simmers-in-bed-stuy-over-police-shooting/?scp=1&sq=shooting%20bed%20stuy&st=cse
Sorry Dave. Just going by what the news says…
*Darryl Battle, 20, was shot Saturday morning in his Bedford-Stuyvesant apartment after he threatened officers with a knife during a prearranged meeting in his home, police said.
And I realize there are foreclosures (and crime for that matter) everywhere, but there are a higher number in Bed Stuy than most locales. That would be worrisome to me when looking at a potential gutjob which costs 859K in a marginal neighborhood in the worst economic conditions in perhaps decades.
11217…that was in Ocean Hill…east of Bed Stuy. As for forclosures, they are occurring everywhere. There are now foreclosures in the Hamptons. These two issues have no bearing on what we will refer to as the “southern part” of Bed Stuy!!!
I know the potential of Bed Stuy is huge and the architecture is incredible, but there’s just been so much bad news about it lately. All the foreclosures, that murder this weekend of the guy with the knife…I just think that Bed Stuy needs to cool off for another few years while the residents do some work on the neighborhood so that the next time we are in for a boom cycle, it will once again be ripe for the picking.
Right now though, I don’t think Bed Stuy is a great place to invest at prices like this. Just my two cents. I think prices still have a ways to drop in all of Brooklyn, and the prices in Bed Stuy seem extremely inflated for what you get.
Dave,
the fact that it is vacant is good. however the fact that it was cut up into three units and occupied by renters for the past sixty years is not so good.
The interiors are probably a complete wreck, the mechanicals a complete wreck, so it would require a soup-to nuts renovation. Probably about 120/foot which would be about $450,000 plus about a year’s time to accomplish. Serious issues for someone wanting to make it into a home. If you want to rent the units in more or less as is condition, maybe it is an OK investment but I don’t know what walk-ups on this block would bring in per month.