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While we’re away this week we’re looking at some properties that have been on the market for a very long time…456 Bainbridge Street first came onto the market in July 2007 asking $695,000. The Bed Stuy two-family got its first price reduction that November and its been death by a thousand (okay, four) cuts since then. The last price decrease was to $449,000 in January of this year. One thing that can’t be helping the cause: The lack of any interior photos on the listing. (The one you see above is left over from when we wrote about this place a year ago.) It seems like a weird call because, judging from this photo, they look decent; in the absence of photos, buyers typically assume the worst. So what’s up? In this time of foreclosure, is there no price in this part of town that can get this deal done?
456 Bainbridge Street [Douglas Elliman] GMAP P*Shark



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  1. ROTW:
    “The 30 year Mortgage went from 5.08% to 6.52%”
    – I don’t see that anywhere in that article.

    And as far as neighborhoods, PropertyShark has a pretty good resource – go to the maps section and turn on the layer that is called “Neighborhood Areas”. According to that, this home is barely in BedStuy.

  2. BHO you have your Radiation suit on??!! Mark this day down as the start of the collapse. I said 5 months and everything is going to plan.

    Buh bye Retards thanks for the shits and giggles…

    The What (Core reactor meltdown)

    Someday this war is gonna end..

  3. Yup–piles of rotting garbage everywhere. Broker pointed to a couch (one from that photo) and said “that used to be white.” It was crazy. We called it “The Bainbridge Horror.” It was plenty obvious that the young man (who was there, lounging half-naked with his half-naked girlfriend in front of the TV, spaced out and looking at us like we were the nutty ones–which we probably were) doesn’t have any interest at all in selling that house. He’s probably getting some kind of a free ride. That was our sense, anyways. Pretty funny!

  4. “…is there no price in this part of town that can get this deal done?”

    There’s always a price: Highest bank approved bid. Accept it already.

    ***Bid half off peak comps***

  5. I’ve been in this place, and it is a total wreck. So bad that the broker was actually embarrassed and kept apologizing. The situation is weird: young man inherited it from a relative who passed, and he’s clearly been partying it up in the house for months. Broker said that each time he enters, the place is in worse condition. Those pictures on the listing website are absolute lies.

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