387 Hancock Goes Into Contract
A reader brought it to our attention that 387 Hancock, which went on the market last month for $1.15 million, is already in contract. From what we hear, the buyer is a doctor who plans to turn the house into a single-family. As for price, all we know is that she’s paying over $1 million….
A reader brought it to our attention that 387 Hancock, which went on the market last month for $1.15 million, is already in contract. From what we hear, the buyer is a doctor who plans to turn the house into a single-family. As for price, all we know is that she’s paying over $1 million. Sounds like one big happy ending to us!
387 Hancock Street [Corcoran] GMAP P*Shark
House of the Day: 387 Hancock Street [Brownstoner]
I saw the apartments-to-be at 300 Stuyvesant Ave last week as well — they are going to be magnificent. That house was a find and is being lovingly restored and modernized. I was told a doctor had lived there unitl his death, and had stopped renting out the upper floors some years ago — everything was still there — pocket doors, wooden shutters, etc., covered in many layers of paint. Thank goodness it found someone to take good care of it!
And this area is certainly getting hot — Halsey St., one block away, has Solomon’s Porch on the NE corner and Hibiscus day spa and now yoga and Pilates classes just off the SW corner. Not so sure about two blocks west, however.
I was the one commenting on the width of the house. No condescension intended, but dealing with that type of space, no matter where the location or what the condition, even as a one family, requires extremely careful room groundplans and a lot of planning ahead to avoid getting claustrophobic fast. Not that I’ll “never be happy in life” – I’m quite happy, thanks. One of the reasons is that, having lived in a space like this many years ago, I realized that my happiness required a wider building with a little more legroom. Chacun a son gout.
Right on, 5:30! As for those miserable types who post nasty, snooty or elitist comments about less-gentrified neighborhoods like BS and PLG, I’m always like, “I’m glad you don’t like PLG, don’t buy here, please stay away” when I get a glimpse of their personalities. Yuck.
Well said, 4:34, but Food Town isn’t all that bad. It’s a beautiful house in a beautiful neighborhood. I’m sure all parties will be happy. Unless of course, they have attitudes like some of the posters here. Then of course, they’ll never be happy in life.
Just moved three blocks to the east on Hancock and Stuy. Just met the guy who bought the beautiful brick house on the NW corner of the street and took a tour of the inside. It is being converted to three apts inside and will be unbelievable looking. And on the opposite corner, the bombed out building was just bought and is supposed to be turned into 7 condos. The ‘hood is getting hot.
Anon 5:13, the second paragraph of your post does not make any sense. Please clarify.
I’m a previous poster. I get the point. But I had a point of my own to make – it’s a happy ending for the seller (But not yet. Have to close first). It’s not easy for anyone to sell a brownstone in the heart of un-landmarked Bed Stuy for $1M.
But it’s sure as hell easy to buy one because the market knows that in about five years she may not be so happy if the market drops and her brownstone (or a bigger and better located one) could have been had for say $750K in today’s dollars. Ownership in a home doesn’t end (happily or unhappily) until you transfer the deed or live out your life.
Most of the previous posters are missing the point of this purchase. The fact that this doctor plans to convert back to a single family tells me that this is not an investment purchase. She clearly intends to live there and not just flip it in a year or too for a quick profit. People most house purchases ARE emotional. The crazy bidding wars of the past year proves this. Some people just want a certain house for some reason that other cannot fathom and if they are able to, will pay to get it.
I think it is a bit condesending to assume she is an idiot becasue she agreed to pay $1m for this house. Maybe she has some emotional connection to Bed-Sty and really wants to live there.
Also, why does a nabe have to be gentrified to be “desirable”. There are people who have live, will continue in Bed-Sty. Frankly unless you have kids that need to go to a nearby public schools or laothe that idea of having to commute to the supermarket (like me), Bed-Sty has some great housing stock and is very well located for public transportation, and last time I looked the residents were not running around and shooting each other down in the streets.
No, but I bet you can count such sales of brownstones on one hand. Somebody prove me wrong.