Is It Bottom-Feeding Time Yet?
Have any readers been out there looking to buy properties in fringe areas with desperate sellers? How about working directly with banks to take distressed properties off their hands? This Bushwick listing on Craigslist caught our eye. The bank owns it and is asking $349,000. Our guess is that it’ll end up going for a…
Have any readers been out there looking to buy properties in fringe areas with desperate sellers? How about working directly with banks to take distressed properties off their hands? This Bushwick listing on Craigslist caught our eye. The bank owns it and is asking $349,000. Our guess is that it’ll end up going for a lot less, given its condition, but we don’t have a sense of where the real bottom of the market is. Why not $200,000? Or $100,000? Thoughts?
$349000 Bank Owned 2 Family [Craigslist]
you can buy huge fuckin brownstones in Albany for less than 300k.
Miss Muffett:
*over* 1 mil, that could be like 6 million….you can buy the whole city of Buffalo…..WOW!
MAT, have we met?
BRG, I said *over* 1 mil – and I think I will laugh last.
Nothing wrong with warehouses….look what happened in Williamsburg…thanks to the artists.
Once again, Miss Muffet displays she doesn’t have a sense of humor.
Miss Muffett: with that kind of a budget, you can get 4 houses in Buffalo!
And NO house in Brooklyn in prime areas.
MAT – that was me, and I’ll take your word for it. I’ve only driven through bushwick a couple of times, but the areas I drove through were all warehouses.
I want this house:
http://newyork.craigslist.org/brk/reb/995153918.html
OK, well I guess that rules out Syracuse and Buffalo for Miss Muffet.
This seems pretty high for a boarded up building that references ‘needs work’ when it’s also on one of the farthest flung streets of Bushwick.
I have no clue about that area but I always feel like I’m more than halfway to JFK when I’m that far down Bushwick Ave! Anyone live around there that can speak to that side of B’wick?
All I know is that my area of Bushwick DOES has a lot going for it (looking at you pitbull!) Is it gorgeous? Hell no. But with Aa new restaurant opening on my corner, and a new bar open (opening?) around the block from me, you can feel the slow and steady change. Odd timing for these new businesses, I hope they do well. I know I’ll be supporting them. (unless they end up sucking hard!)
Oh, and to the person that claims big chunks of Bushwick are industrial…wtf you talking about? There are strips, but the vast vast majority is residential