Open House Picks: Bed Stuy Edition
Bedford Stuyvesant 454A Greene Avenue FSBO Sunday 12-2 $875,000 GMAP P*Shark Bedford Stuyvesant 63 Hart Street Douglas Elliman Saturday 4-6 $779,000 GMAP P*Shark Bedford Stuyvesant 349 Hancock Street Julien, 212-991-8404 Sat & Sun by Appointment $650,000 GMAP P*Shark
Bedford Stuyvesant
454A Greene Avenue
FSBO
Sunday 12-2
$875,000
GMAP P*Shark
Bedford Stuyvesant
63 Hart Street
Douglas Elliman
Saturday 4-6
$779,000
GMAP P*Shark
Bedford Stuyvesant
349 Hancock Street
Julien, 212-991-8404
Sat & Sun by Appointment
$650,000
GMAP P*Shark
In Brooklyn, there are two groups of people:
Haves and Have-Nots. This website is directed at Haves. Though, I myself am a Have, I wish this site were more oriented towards Have-Nots.
I’d much rather see a hard working Have-Not succeed in the Brooklyn housing market than hear another Have brag about how he bought his house five years ago and about how easy it was in hindsight.
Everyone lamenting they can’t afford houses in certain Brooklyn nabes now, could have afforded them 5 years ago. Or even 3 years ago. It’s frustrating to keep seeing that on this site, and at the same time see those very same people refuse to venture into non-gentrified neighborhoods STILL. Face it, someone who bought in Clinton Hill five years ago, had the experience then that someone buying further out in Brooklyn would have today. Clinton Hill wasn’t that great even two years ago, in my opinion. I thought it was scary when I’d go there, and it seemed isolated from transportation and at night when there weren’t many people walking around. Now look at all the heat it has. This has happened in cities all over the country. There are historic neighborhoods in Atlanta to name just one example, that people would never have set foot in before that are now totally hot. It’s not a Brooklyn phenomenon. Plus it’s not like this never happened in NYC before either. They gentrified all of Manhattan over the last 20 years, so of course Brooklyn is next. Therefore facing the reality of all that, form a strategy that works for you and fits your finances. It can be done; good luck all.
The point is… To say “$200,000 is a low salary in New York City” is rediculous. And to say you can’t own a Brownstone with less than that is equally rediculous. The least expensive house in the picks is $650K. at 6%, that’s about $3,900 a month for the mortgage. If the owner could rent two apartments for $1200 per month, they’d be left with a $1500 mortgage payment after taking in $2400 in rent rolls.
How’s that for creativity?
well said, 10:51. we live on greene & bedford-westbed, baby! i can walk to ch/fg, etc. our neighbors are friendly- the bodega on the corner sells organic milk for the kiddos…no complaints here-in fact we’re enjoying life here more than our previous, overpriced, overcongested brooklyn nabe (not naming names)
“Creative” is what you make of it. It can mean moving to Jersey or somewhere outside of Brooklyn. It can mean East NY or Brownsville or Queens. It can mean splitting a house with friends or taking a small apartment and letting tenants cover your mortgage. Disclosure: I own in Bed Stuy and I’m not worried about getting mugged. But then again, I’m a “glass is half full” kind of person. Good luck with your life.
7:34am,
Does “creative” mean moving to Jersey? I’m not sure what other “creative” options there are when even townhouses in the worst parts of Brooklyn are fetching prices over way over 500k.
Is the answer to buy a coop on the Upper East Side of Manhattan. Sure it’s not a house, but the prices are the same as Brooklyn coops and you don’t have to worry about getting mugged in Bed Stuy.
Leaving NYC is “creative,” but not easy if your job is based here and your priority is living near work.
10:25pm, I think what 6:31 is trying to say is that “it’s all about choices”. In other words, you CAN buy a $500k house today on that salary. It would be the equivalent of what 6:31 did 5 years ago in Clinton Hill. It’s all about being creative with what you have. Get it?
6:31pm,
Five years ago prices were a third to a half what they are now in the Brooklyn brownstone market.
You could never buy a million dollars house with less than 100k a year salary unless Daddy is rich and generous.
Sure you could buy a 500k house, buy those don’t exist in decent parts of Brooklyn anymore. Bragging about what you did in the past, doesn’t help anybody with a low salary trying to buy a place in Brooklyn today.
check out blueboard or imperial board if you wanted traditional plaster today you would likely use this type of backer board system with a veneer plaster, it is superior to plaster and lathe and looks a little like “shetrock” boards except that its blue faced