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Market Vertigo in Bed-Stuy

Started by mimi
over 12 years ago
Posts: 1134
Member since: Sep 2008
Discussion about
Sold in less than a week, 500k over the 1.3 listing price, all cash. http://therealdeal.com/blog/2013/04/19/crooklyn-crib-in-contract-for-500k-above-ask/?utm_source=twitterfeed&utm_medium=twitter&utm_campaign=Feed%3A trdnews %28The Real Deal - New York Real Estate News%29
Response by Argo123
over 12 years ago
Posts: 44
Member since: Jan 2013

Excellent part of Brooklyn and an area that is gentrifying very quickly.
Streets are full of beautiful brownstones.
Very accessible from Manhattan - 20 minutes from Times Square (A line) to the Nostrand station.
I've attended a few open houses in the area recently; each had a line up of people at the open house and each sold over asking for cash only deal. People are realizing that this is pretty much one of the last areas in Brooklyn that is beautiful, accessible and still somewhat affordable. So while I am not surprised that the place sold for over asking, I am shocked that it sold for $1.8M. Great for the old timers that are selling the house.

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Response by alanhart
over 12 years ago
Posts: 12397
Member since: Feb 2007

Bedford-Stuyvesant is not for sale!!!

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Response by Socialist
over 12 years ago
Posts: 2261
Member since: Feb 2010

bed stuy is still a crime infested ghetto.

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Response by walpurgis
over 12 years ago
Posts: 593
Member since: Feb 2009

Crime infested ghetto?!? Really?!? I'll give you a crime infested ghetto!!! Lights out baybay - bye bye, suckah!

http://3.bp.blogspot.com/_iQu6crDlnSQ/SdVNGei6_uI/AAAAAAAAABk/RqJHaZVWFyQ/s1600-h/AuntEsther.jpg

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Response by Argo123
over 12 years ago
Posts: 44
Member since: Jan 2013

Wish it was crime infested ghetto; then prices wouldn't be that high.

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Response by walpurgis
over 12 years ago
Posts: 593
Member since: Feb 2009

In all due respect, yes; at one time it WAS that: Key word here, obviously being "WAS".

Even so, that did not apply to the entire neighborhood during its decades long rough period - much the entire Bronx wasn't burning, when the media would have everyone believing otherwise.

The area may have some rough spots indefinitely; many neighborhoods do. But to collectively label it as an extremely dangerous area is of course ridiculously myopic. Despite the pundits who only wish this were the case - its far from it, much to their chagrin.

As I was humorously alluding to in my post above - no one's forcing you to live there, & if others want to - more power to them.

My Mom grew up in the area; lived on Willoughby Avenue, Park Avenue & was married from her house at 40 Hart Street in 1950.

She told me that as a teenager in the late 30s & early 40s, everyone avoided Dekalb Avenue for reasons essentially no different than today.

This perfectly illustrates my 1st sentence in paragraph 3.

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Response by walpurgis
over 12 years ago
Posts: 593
Member since: Feb 2009

Correction: ...much AS the entire Bronx wasn't burning...

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