Bushwick Real Estate Roundup 10/4/07
The Bushwick Real Estate Roundup is back…but I realized why I haven’t been doing it. It takes forever! Enjoy.
$619,000 | 2-family | 400 Woodbine Street | map
This is a great little brick house on an intact block right by the Myrtle-Wyckoff station. 7 bedroom and 2.5 baths in 2000 sqft — where all that fits, I don’t know. There’s already a tenant upstairs paying $1300 for either a 3 or 4 bedroom apartment, which is…low. Let’s say there’s room for adjustment. Satellite view shows it has a very tiny back yard, but that’s great if you’re not a green thumb and just want a deck to have BBQs on.
$699,000 | 3-family | 40 Palmetto Street | map
Four floors of honest-to-goodness brownstone. Owner’s duplex plus two other apts which I assume are 1/1 each. “Original woodwork and cabinets make this gem a great dwelling place for the right person with the right vision.” Right off Bushwick Avenue, but shares a block with some fugly 1990s infill houses — in fact this property shares a wall with one. Still, at least it’s not the projects, and you’re right near the Gates JZ.
$625,000 | 3-family | 1242 Hancock Street | map
Awesome: 4400sqft brick building in Irving Square, one short-block to the park. “Needs a little TLC” but at this price and size, it’s worth it. This is going to be a big bucks neighborhood in a few years, and if I had the money, I’d be willing put it on this.
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$629,000 | 2-family | 114 Woodbine Street | map
For a change, “detached” doesn’t mean the neighboring house burned down. An okay-looking house with a real porch and columns on a tree-lined block in South Bushwick. True, the projects are around the block, but it’s a long block and they’re not within sight. Looks like a 3/1 and a 2/1 legal, with an apartment in the basement.
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$466,400 | 3-family | 271 Woodbine Street | map
What the hell? Three family house for 466K! Semi-vacant? You mean, too much of a wreck to inhabit (and in Bushwick, that’s bad bad bad)? Okay block just a few-minute walk to Myrtle-Wyckoff. With some hardcore handyman skills, you could wring big bucks out of this place.
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October 4th, 2007 at 2:09 pm
love how 400 woodbine says “over 50 years old”. Yeah I’ve been over “21″ for years now. next to two impressive buildings. it’s actually what Jeremy’s house could look like with a few details added to the front of it.
palmetto - not the prettiest looking brownstone, and needs TLC, and not many pics to show off those claimed details.
271 woodbine - whats with the r/e market on this street! very odd that the taxes are so high.
114 woodbine does have a nice porch to it. guess no cameras were allowed inside again. semi detached on purpose!
hancock is a nice street, and the park is a plus. yet again no interior pics, what’s going on. nice structure from the outside, although what’s the business next door? will the gentrification make it this far down in a couple of years because of the park, or will maria park get all the attention.
great to have the real estate roundup back. we need investors and at these prices and trips to home depot, bushwick has a sustaining future.
October 5th, 2007 at 1:38 am
I talked to the agent for 271 Woodbine a couple of weeks back. The seller doesn’t want to sell for some reason, even for all cash offers. Sorry to burst the bubble
October 5th, 2007 at 10:54 am
if it sounds too good to be true…
October 9th, 2007 at 1:35 pm
then they should stop advertising this place, especially this weekend!
October 10th, 2007 at 3:13 am
Jeremy’s always touting the Irving Square area but you know what–some kid was shot in the face over there yesterday by Cooper St simply looking out his window apparently, and that area by the Wilson L stop has a LONG way to go in my book.
Actually anything further out than the Myrtle/Wyckoff L/M stop is too too far at this point. It’s desolate enough over here by Jefferson St. Why move ten minutes further out? Things aren’t that much cheaper there either.
October 10th, 2007 at 9:41 am
And they found a guy shot up on St. Nicholas a couple months ago, and a corpse on Troutman. And a guy was stabbed up on Broadway in Williamsburg. *shrug*
Also, if you’re buying a house, you buy where it’s GONNA be good, and that’s a hood with no projects and an almost totally intact supply of attractive housing. It’s why people keep buying stuff in Bed-Stuy even though so much of it is a hellhole, and they have wayyyy more projects. Also, there aren’t many buildings under 6 units on this side of town — harder to buy and maintain if you’re not big bucks. But South Bushwick is awash in 2-3 family houses.
For rentals, however, I agree with you, and I judge the prices accordingly down the farther away from stuff and trains they are. In the end, I’m not a pro, so take it all with a grain of salt.
October 10th, 2007 at 10:28 am
ArmStrong don’t put down my SoBu hood. I get claustrophobic going further north, I grew up on a farm, i need space and sobu is less congested. As for the killings, they go on everywhere.
October 10th, 2007 at 3:14 pm
martha i agree with you. armstrong was touting maria park for a while, and we supported him, and then boom he disappeared, and now he’s back on the blog. wilson L is developing if you are aware of things around town.
jeremy rightly pointed out crime that is all over, so it’s not fair to always think that bad things happened in SoBu.
it’s sometimes hard not to buy a house by the projects, but at least bushwick has hope gardens, although not great, are smaller buildings, with playgrounds generally. bedsty has large housing projects.
attractive housing stock is subjective in bushwick. some feel that frame houses aren’t as attractive and those in bushwick can be “different”. yes, the 6+ families over there can attract more rent stabilized tenants who might not contribute to gentrification the place needs. You get these people paying cheap rent, and not willing to invest. Investors buying these buildings and kicking the tenants out, renovate them and bring in better folks. SoBu has more reasonable housing, and is more residential. martha where abouts are you in SoBu.
October 10th, 2007 at 8:15 pm
I live on Schaefer betw. Wilson&Knickb. The whole block is well kept row houses, my guess, many partially owner occupied. Lately, more often than not, I am being stopped on the street by apartment hunters asking how the neighborhood is. Besides some noise it’s liveable for what the rents are. People are very friendly, and I see new people moving in as soon as a house is renovated. However, there is one huge 3-story complex, brand new/or renovated right next to the LWilsonStop, which is still totally empty. That is not a good spot. I am curious who, and when anyone will move in.
October 10th, 2007 at 11:37 pm
sounds like a nice little corner of SoBu. So you are probably near either the Halsey or Wilson L. A lot of those big buildings near the Wilson L need some help, but in time this will be a cool area. I love how the train station looks there. Be sure to check out the buns and burger place on wilson near decatur. Don’t forget about Little Munchies too on the corner of Evergreeen and Decatur two great spots to eat.
October 11th, 2007 at 10:14 am
thanks jb for the Munchies hint. So far i have been suspicious to go in these places, I cook my own food. But it’s been too hot/humid to cook this summer, and I have no ac preferring fans.
October 11th, 2007 at 3:14 pm
make sure your electric can accomodate fans/ac and cooking appliances, etc.
Yes Little Munchies is a great place. It looks nothing like any of the run down pizzerias around there. Beautiful tile, open and spacious inside, new beautiful countertops, tables, and chairs, it’s a very nice atomsphere in there, and the people like I said are REALLY nice. I like their food too - very reasonable too.
October 28th, 2007 at 10:34 pm
Jay said: “114 woodbine does have a nice porch to it. guess no cameras were allowed inside again.”
Porch is nice all right. There are interior pictures, you just need to click on “see picture gallery” link in the ad.