Bed-Stuy Condo Development

anonymous · October 2006

Anyone have any info on new condo development or conversion in Bed-Stuy? I'm a small developer looking to get at the neighborhood, and I'd like to get a sense of "where the action is" if you know what I mean.

I'd also be very happy to hear from everyone as to where the good parts are. I don't mean this in any kind of racial aspect, just what parts are close to transportation or parks, or that might be particularly historically notable.

Thanks for any help you can provide.

escap · October 2006

I'd be wary of any replies you get from this board. Most posters are decidedly anti-developer. But good luck.

sweet tea · October 2006

i'm sure any developer worth his salt knows how to read a map to find parks and transportation.

if i am mistaken, as my suspicious nature sometimes leads me to be, in believing that this guest may be mostly interested in inspiring another of the little tiffs we've gotten so good at lately, then i would suggest that the best way to get a feel for a neighborhood your are potentially thinking of investing a lot of money in is to walk around in it yourself.

nathan · October 2006

Or, by all means, feel free to hire me to do the walking for you. :-({|= :-({|=

anonymous · October 2006

escap wrote: I'd be wary of any replies you get from this board. Most posters are decidedly anti-developer. But good luck.

That's unfortunate. Really, I am simply planning on renovating run down brownstones and selling them as condos. I am no fedders developer. I believe bed-stuy has a lot to offer - but it's hard to see which areas are up and coming and which are not. I can't simply go by the map as another poster indicated.

anonymous · October 2006

sweet tea wrote: i'm sure any developer worth his salt knows how to read a map to find parks and transportation.

if i am mistaken, as my suspicious nature sometimes leads me to be, in believing that this guest may be mostly interested in inspiring another of the little tiffs we've gotten so good at lately, then i would suggest that the best way to get a feel for a neighborhood your are potentially thinking of investing a lot of money in is to walk around in it yourself.

I'm not hear to criticize anyone's opinions. Bed-stuy is a big neighborhood, and it's difficult to tell which areas are feasible for condominium redevelopment and which are not. For the most part, no matter where I go in the neighborhood, it seems like there are many beautiful brownstones that are ripe for renovation and conversion to condos. I can certainly look at a map, but I don't necessarily know which subway stations and retail districts are more inviting than others. As well, the quality of parks varies greatly. I specifically don't want to turn this into some trollish debate, especially with so many racists out there.

I'm just looking for some opinions so I don't have to spend days surveying every block of one of the largest neighborhoods in Brooklyn. Thank you for any info you can provide.

benzapp · October 2006

Nathan wrote: Or, by all means, feel free to hire me to do the walking for you. :-({|= :-({|=

I'm actually not opposed to this - if you can provide some additional info and perhaps some qualifications.

nathan · October 2006

I've been a motion picture location manager in NY since 1989. My job is figuring out neighborhoods as quickly as possible.

If you're serious, PM me.

sweet tea · October 2006

benzapp, i apologize for misjudging your intentions. good luck.

anonymous · October 2006

Subject: build! Renovate!

Hey small-time developer, here's my take:

Develop. But do something revolutionary: Go a little more budget than luxury. And sell the buildings as by-floor condos, or even two per floor. I'm a young potential buyer, and really want to live in a brownstone. Since HUD basically bought into the flip scheme they themselves facilitated and have forfeited all their holdings to the city, we have very little options as buyers to live in a normal-scale, street level building.

Most brownstone buyers are people with enough money to pay a million. I can't. Even 300,000 for a condo is too much. But for what a developer can put down on a real dump and then flip a bunch of renovated but smaller units inside for would serve to a huge buying community and really keep a diverse neighborhood. Go ahead, do it. Just don't sell the big block to one Upper West Sider when you can divy it up and spread the wealth.

I hate the politics of brownstones. Everyone wants one, but only the rich can afford. To buy. I hate you people who say $1 million is such a deal. Stay small, I say. Then market locally.

anonymous · October 2006

Subject: nice streets

PS: I like Hancock Street between Bedford and Nostrand; Madison always seems like it should have tons of potential, and just walk along Bedford Ave closer to Fulton and peer down the streets: It's beautiful in there. You'll always find some gross clinkers among the buidings where people pride the appearance of their place. Gobble up.

justcallbarbara · December 2006

benzapp,
The neighborhood needs small building condo developments so that we can retain our families and not be priced out of the neighborhood
As you walk around, you can see that there are small developments going up. People are used to walking a little distance to trains, so just look for really great looking blocks-They will come! Good Luck =D>

Bed-Stuy Condo Development

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