Open House Picks: Townhouses
Brooklyn Heights 12 Willow Place Brooklyn Bridge Realty Sunday 12:30-3:30 $3,800,000 GMAP P*Shark Park Slope 328 5th Street Corcoran Sunday 1-3 $1,550,000 GMAP P*Shark Prospect Heights 602 Bergen Street Brooklyn Properties Saturday 1-3 $999,000 GMAP P*Shark Bedford Stuyvesant 615 Hancock Street Abode Properties Sunday 12-2 $699,000 GMAP P*Shark Tune in tomorrow for Open House Picks:…
Brooklyn Heights
12 Willow Place
Brooklyn Bridge Realty
Sunday 12:30-3:30
$3,800,000
GMAP P*Shark
Park Slope
328 5th Street
Corcoran
Sunday 1-3
$1,550,000
GMAP P*Shark
Prospect Heights
602 Bergen Street
Brooklyn Properties
Saturday 1-3
$999,000
GMAP P*Shark
Bedford Stuyvesant
615 Hancock Street
Abode Properties
Sunday 12-2
$699,000
GMAP P*Shark
Tune in tomorrow for Open House Picks: Apartments
Ugh. Please tell me this site isn’t always this gross. I’m ready to never read it again. Has real estate made all these people insane? I can’t imagine what people living outside of Brooklyn must think of the borough after reading this parochial drivel.
Someone at 7:42pm said this:
“The vast majority of the rants on this site are from residents of PLG, BS, and Crown Heights who can’t stand the fact that their nabes have not increased in value nearly as much as the rest of Brooklyn….It must be hard to see other homes triple and quadruple in price while yours doesn’t. But please stop whining!”
Gee, smug much? You’re exactly what people hate about yuppies, speaking of hating yuppies. And what sites have you been reading? Who do you know in PLG? Can you quote anyone saying these things? Because that’s the total opposite I hear from those people. My husband and I have done all the research on neighborhoods including PLG including talking to people who lived there near 20 years, and nobody in PLG says PLG is going to gentrify like PS did. They know where they moved to, they weighed all the options, they made their choice. Most residents of PLG talk about everything else other than mere property value or investment, when they say why they like it there. I just don’t even know where you’re getting your “research” from. Oh right, your own head (or lower). Like all the other real estate experts here.
Truth is there are few few few neighborhoods you can buy a house for under a million. And it will only get more rare. It doesn’t really matter if those houses create huge profits or not. If you want a house and can’t spend over a million, you’re buying in PLG or CH or BS. So get over your snobbery and deal with it. As for whether those houses will increase in value as much as South Slope, the smallest increase in value in any neighborhood in Brooklyn is still much higher than in most of the country. Going from $500K to $950K in 5 years like another person’s did here, that’s pretty darn good. How greedy can you get?
So did anyone see any of these open houses?
why do places like bed-stuy and crown heights still have high crime and other social problems despite the presence of a black middle class? because those neighborhoods exists in a country where people of color had very limited economic options until the civil rights movement began to force changes. the black middle class alone can’t overcome the legacy of poor schools, few job prospects, inadequate housings, redlining, absentee landlords, uninterested politicians…
I bought in Bed Stuy in 2003 and have been very happy here. In terms of the “feel” of the neighborhood (dangerousness, incidence of crime, quality of life), it feels to me like the E. Village in the late 80’s– I lived on 10th between B&C back then, and it was block by block in terms of how safe you felt. The only “outposts” in those days were Life Cafe and 7B– there weren’t many other businesses that were open late on Ave B, back then. Some blocks were “family” blocks, populated by extended Hispanic families and were quite safe. People would look out for each other and were quite friendly. Other blocks were populated more by transients, had abandoned buildings, and a lot of drug activity. If you were smart, you stayed off these blocks and minded your own business if you had to go by them. There were a lot of shooting incidents during the time I lived on East 10th Street, but most of it was drug- and gang-related. I remember people looking aghast when I told them I lived so far East in the Village (is it safe?, do you have to take cabs home?, can you go out of your house at night?). I get the same thing now, mostly from people who have never been to BS and who seem to think Brooklyn itself is marginal. I don’t think it’s justified, but that’s ok. I’m happy here.
Anon 733–
One reason Bed Stuy has the higher stats you mention is that it’s easily 3-5 times bigger than any of the neighborhoods discussed here and encompasses some very diverse real estate–from far too many projects on Myrtle to amazing brownstone blocks further south.
Anyone interested in buying in Bed Stuy needs to treat it like an ecosystem–do they like the blocks and the neighbors in the immediate vicinity, and is it convenient enough to transportation, shopping, etc?
To lump BS together as one homogenous, dangerous place sounds like an observation from someone who hasn’t actually spent much time walking around there.
“On the market” for $1.4M means absolutely nothing. If so then tell your friends to put their PLG home on the market for $1.8M so they can brag to their friends that they have a house “on the market” for $1.8M! LOL!
More seriously, in order to compare the PLG home vs. the PSS home you need to know how much the owner’s spent on capital improvements in these homes in the last 5 years. There’s a nicely done PSS property (16th St.) on the market through Corcoran for $1.395M. Are you talking about this property? If so, then it’s not a straight line comparison, especially if your PLG friends bought their home in mint condition for $500 in 2001 and it’s now appraised for $950 and the PSS owner bought a gut job for the same price but had to put $400-$500k to renovate. If that is indeed the case then I think it’s basically a wash but I would need more facts. In any event, it makes no sense to cry over spilt milk. Who doesn’t have regrets over not buying a certain property or into a certain neighborhood over the last six years? Life is full of missed opportunities. Damn, I would’ve loved to have purchased GOOG on the IPO but I thought that it was too rich. 🙁
11:21, who do you think you’re kidding with the racial bs? Your last post basically said nothing. I have friends who bought in PLG 5 years ago for 500K and just had the house apprasied at 950K. Meanwhile, the house they didn’t buy in S. Slope is on the market for 1.4M. It’s all they talk about. As an investment, they feel like they completely blew it. And based on all the inane rants on this site it is clear that that feeling is widespread. As for all your racial nonesense, it has nothing to do with the topic, so I won’t comment.
Anon 7:42 you make absolute no sense. No one is whining about property values in BS or CHN. Homeowners in these nabes, like in FG and CH, are laughing all the way to the bank. Trust me, these people have nothing to be worry about as the future for these neighborhoods is bright and secure. The reason that people often lump FG, CH, BS and CHN together is because these nabes, despite having higher crime rates and poorer schools, are thriving, flourishing and ARE PREDOMINATELY BLACK! Willie Horton scare tactics didn’t work in curtailing the growth and development of FG and CH and they certainly will not work in BS and CHN. In fact, over the past few years BS and CHN has experienced some of the highest property appreciation in all of Brooklyn! I also encourage you to go to some of the best blocks in FG, CH, BS, PH, CHN and PLG and behold the black families who have been living in harmony with their neighbors, both black and white, for generations. They are quite happy with their homes as they are with those who CHOOSE to become their neighbors. On another note, no one said anything about people from outside the Brownstone Belt wanting to move into BS. For the most part they don’t. But they damn sure hate it that yuppies, buppies and the likes are spending $1mm plus to live in BS, PLG and CHN as opposed to their non-descript neighborhoods. If my property was languishing on the market for months, while homes in the aforementioned nabes were selling at par or more, I’d be pissed too.
BTW, I live in Clinton Hill.