2777 Bedford Avenue Sells for 25% Under Ask

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After a year on the market, the charming brick Colonial house at 2777 Bedford Avenue near Brooklyn College closed earlier this month for $481,000, a discount of $168,000 to its original asking price. (It was a House of the Day back in September and an Open House Pick in January 2008 and November 2008.) Interesting reality check for this neighborhood. Are you surprised by how low the selling price was? GMAP

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