House of the Day: 176 Bainbridge Street
This three-story brownstone at 176 Bainbridge Street in Bed Stuy just hit the market with an asking price of $695,000. While the ultimate selling price may end up barely having a “6” at the front of it, the current ask is probably too high given the size (2,700 square feet) and the condition—while the whitewashed…
This three-story brownstone at 176 Bainbridge Street in Bed Stuy just hit the market with an asking price of $695,000. While the ultimate selling price may end up barely having a “6” at the front of it, the current ask is probably too high given the size (2,700 square feet) and the condition—while the whitewashed walls and sanded floors sit fine with us, the Home Depot light fixtures and tacky door knobs make us fear the worst about the unphotographed bathrooms and kitchens. What do you think? If this were $100,000 cheaper would it be a buy?
176 Bainbridge Street [Douglas Elliman] GMAP P*Shark
pierre: congrats-hope you are happy there. I do believe that it will be possible to buy a 2br coop/condo in BH or environs for half a mil. If not there then somewhere else will do. But I refuse to be a landlord in BS or Astoria for $600K.
The people I know who grew up as teens in NYC they chose to bring up their teens in the suburbs.
I grew up in a suburb and liked it. As single I loved the city. As married with kids I loved the suburbs.
NY suburbs are hardly the suburbs you imagine. Some of them are commuting towns, with walkable center, lots of character and sense of community. Granted you cannot go to a play at a moment’s notice but you can plan it over the weekend nor go round the corner for smokes. But these are rarely what family men do.
Maple we in fact suspect that RE prices will decline for some time here in NYC but will eventually rebound dramatically and better than almost elsewhere in the country certainly more than NJ.
Brooklynites will earn at a pace slightly higher that most of the country by virtue of this being NYC which will continue to be the world’s financial capital & cultural center. We have tons of friends from Europe and Japan that can’t wait to live here in Brooklyn. We are talking Parisians too.
Hey Brooklyn Heights? Too funny dude you will most likely NEVER afford that if you think BS is expensive. Prices in that area barely budge plus inventory is minimal.
Ah btw we are closing in a few weeks…yep a brownstone in Brooklyn!
I’m sorry I said anything. I don’t think you’d be happy living in the city, MWG.
It’s funny that so many “culturally diverse” Brooklynites on this blog have a problem when somebody who lives outside Brooklyn disagrees with their assessment of the holy land.
A lot of this discussion revolves around the issue of raising kids, but when you think about it, there are way more juvenile delinquents in NYC as a percentage of their age group than anywhere else in the country.
Growing up riding subways and lurking in bushes drinking and swearing isn’t exactly childhood paradise, in my humble opinion.
Kids are much better off growing up somewhere they can ride bikes and play outside at six or seven years old than often having to wait until Junior High to be allowed outside alone, as if often the case in NYC.
OK Hoboken or Jersey City is under consideration too. I am thinking Brooklyn Heights if prices go lower. I remain open minded.
Astoria is a depressing charmingless culturaless rental neighborhood.
Cold Spring is a historic river village with amazing hudson views.
The difference is so dramatic that I don’t think the $300 monthly pass is a factor.
Pierre: I repeat I am interested in moving to a nyc smaller space. I cannot predict the future but city or no city prices are always determined by income. If you think Brooklynites will get richer (don’t think so-why?) then buy.
Mopar thank you so much. That was exactly our point…cars = $$ not to mention environmental impact.
“I would like to move back to the city in the next five years not necessarily Brooklyn though”.
Hey Maple we are sure you can find a 2 bedroom condo or house in NJ no? Brooklyn may become even more expensive for your blood in the next 5 years..just saying!
Maple you still didn’t answer a basic and fundamental question: why this blogg when you have all these great things to say about nj? We are glad that you do appreciate Brooklyn’s cultural richness even though you think it has been diluted by gentrification…grossly inaccurate.
For native NYers most of NJ is so soul numbing that the extra cost of buying in Brooklyn is worth it many times over.
Now from an economic stand point the schools maybe better in Maplewood but tax incentives (i.e. RE taxes), not having to own 2 or more cars, and much better RE growth potential in Brooklyn compare favorably for us. In fact exponentially so; remember even though the RE market is down when things shore up again (and your estimate of 10 to 20 years is hyperbole.. where is the data ??) the city will in all likelihood be a much better investment…Food for thought (maple syrup).