House of the Day: 456 Bainbridge Street


While we're away this week we're looking at some properties that have been on the market for a very long time...456 Bainbridge Street first came onto the market in July 2007 asking $695,000. The Bed Stuy two-family got its first price reduction that November and its been death by a thousand (okay, four) cuts since then. The last price decrease was to $449,000 in January of this year. One thing that can't be helping the cause: The lack of any interior photos on the listing. (The one you see above is left over from when we wrote about this place a year ago.) It seems like a weird call because, judging from this photo, they look decent; in the absence of photos, buyers typically assume the worst. So what's up? In this time of foreclosure, is there no price in this part of town that can get this deal done?
456 Bainbridge Street [Douglas Elliman] GMAP P*Shark

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