Thursday, April 17, 2014
Listings: Stuy Heights Single-Family - 952 Greene Avenue
New to the Listings section of the blog, it's a single-family brownstone with original details and modern updates asking $999K. Tales of the death of the Brooklyn brownstone for a million are premature. 952 Greene Avenue is north east Bed-Stuy, towards Bushwick, but it's a nice respite from the $2M+ bidding wars of prime west Bed-Stuy's 22 Arlington Place and 196 Hancock Street. With an open house coming up Saturday, April 26th from 1pm - 3pm, it's easy to check out what a million gets you in Bed-Stuy at 952 Greene Avenue. Some people act like they might as well live in Poughkeepsie if they're going to live "this far into Bed-Stuy", but with what's happening on the other side of Broadway and Bushwick Avenue for frame houses with generic gut renos, a 19' x 45' four-story with some nice features inside could be a great alternative.
Not all of it's amazing or up to everyone's taste, but this house is ready to go...
This isn't the quintessential multi-family that most people in the price range are aching for. Condo alternative, perhaps? Yard, square footage, and make a few personal touches on the interior? Only time will tell...
Pro's: four-story turnkey brownstone with details and upgrades, asking under a million, could be another affordable Bed-Stuy / Bushwick tweener
Con's: single family isn't pumping the rental income like the multi-family, not the most stunning modern taste, northeast location
Ideally: the million dollar Brooklyn brownstone isn't dead, it's just not where it used to be
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