Boerum Hill Office Flip Wants $7.1 Million

After changing hands in May for $4,280,000, the two-unit commercial building at 405 State Street in Boerum Hill that previously housed substance abuse treatment center Daytop is again for sale. This time the ask is $7,100,000.

With its distinctive facade with three arches across the entry and unusual ground-floor windows, the three-story building has potential as a condo or rental conversion and could accommodate street-level retail as well as offices.

The building has approximately 11,627 square feet of space above grade, plus a fully built out basement that’s about 4,377 square feet. That works out to about $440 per square foot, according to Massey Knakal, which is again brokering the sale.

We don’t know if the building was really built in 1925 as city records claim or is older, but in 1938 it contained 18 apartments for women and in the 1960s was a training center for the YMCA, according to some old CofOs. The lot is 50 feet by 118 feet wide, and the property has a FAR of 2.

405 State Street [Massey Knakal]
Boerum Hill Development Site Sells [Brownstoner]
Photo by Scott Bintner for PropertyShark GMAP