The former ruin and Gothic Revival beauty at 374 Pacific Street that was asking a staggering $7,900,000 is in contract. A deal was reportedly struck for less than $5,950,000, according to the blog BK to the Fullest. About a month ago, the asking price dropped to $6,950,000, said Streeteasy.
The badly deteriorated building was not even a full shell when it sold for $1,335,000 in 2010. The 26-foot-wide, 7,000-square-foot property has been extensively and lavishly rebuilt. If it closes for more than $5,000,000, it will set a record for Boerum Hill.
Have the Bears Descended on Brooklyn??: 374 Pacific Street [BK to the Fullest]
374 Pacific Street Listing [Douglas Elliman]
House of the Day: 374 Pacific Street [Brownstoner]
Makeover, $7.9M Ask for Infamous Wreck [Brownstoner]
Photo by Douglas Elliman