14 Townhouses
We were pleased to get an email over the transom giving us an update at the much-praised but evidently slow-selling 14 Townhouses. According to the Corcoran brokers, our source tells us, only 4 of the 14 have sold, with the larger versions proving more popular so far. Also, the purchases have skewed toward the middle of the block because of the large building that is slated to be built on the end of the block (on Boerum Place). List prices haven’t budged — $2.75M for the larger “penthouse” version and $2.56M for the smaller “terrace” version (or about $740 per square foot) — but we’re thinking there must be some flexibility at this point.
269 State Street [Corcoran] GMAP
273 State Street [Corcoran] GMAP
Open Season on 14 Townhouses [Brownstoner]


What's Your Take? Leave a Comment

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  1. On the contrary, the peeps already on this block of State Street (I know for a fact) are thrilled. Their block finally has a beautiful continuity.

    The interiors are outstanding. The finishes are first rate. No expense spared.

    The only problem I’ve heard is that the developer should have allowed for a garden rental.

  2. anon 11:38, they’re totally in boerum hill. if you don’t think state street is in the nabe, you don’t know from bupkis.

    i love the interiors. i agree, elevator might have enticed a few more folks.

    yards are crummy. small without much privacy.

    worth the price? i don’t know. for me, if i had that $, i’d probably pick a more residential hood…

  3. “Why not buy an old brownstone and save a million bucks.”

    i’m not saying i don’t think these are overpriced, i really don’t know, but considering the only renovation these would require is some paint, you don’t “save” nearly as much as you think buying an old brownstone. these are probably vitually maintenance free for the next 10 years.

    and you have to factor in the time, energy, sweat-equity, and headaches that inevitably comes with buying an old building.

    i’m with you and dig the old stuff, but there is definitely something to be said for buying something in move-in condition with little to no maintenance/renovation required.

  4. Wally, I see your point. It could have been a lot worse…like a McDonalds perhaps…No seriously as ugly as they are you do have a point, but the real issue hear is the price tag on these bastard children aesthetic chintz.

  5. if these were really in boerum hill (other side of atlantic) or cobble hill/carroll gardens/park slope they would have sold out at over $3 mill each by this point. but the location they are in is horrible. it’s downtown brooklyn which is sleazy and crowded. the block is ok, but you can’t really consider it to be boerum hill. even at 10% lower they won’t sell quickly due to location. other than that it was a great idea.

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