Condo of the Day: 118 State Street
A prospective buyer has a post on the Forum about whether prices at 118 State Street, a 150-year-old carriage house that’s been converted into four condos, are too high, even for the Heights: The renovation work looks pretty nice, and it is a prime block, but does anyone on this forum other than Corcoran brokers…
A prospective buyer has a post on the Forum about whether prices at 118 State Street, a 150-year-old carriage house that’s been converted into four condos, are too high, even for the Heights:
The renovation work looks pretty nice, and it is a prime block, but does anyone on this forum other than Corcoran brokers think that over $1200/sq ft is going to sell in BROOKLYN? I think this is absolutely absurd since we’ve seen pretty nice 2 bedrooms for under $1 million in this neighborhood, but maybe I’m wrong.
As it turns out, one of the units has already gone into contract, according to Corcoran’s listings page, but at least one person who responded to the post agreed that 118 State’s prices may be a bit nosebleed: “I wouldn’t pay that… for 3 million you can buy a very nice brownstone in PS.” Then again, you don’t find many brownstones with 25-by-90-foot floorplates in this great a location either. (Disclaimer: This property was advertised on Brownstoner briefly last spring.)
118 State Street [Forum]
The Carriage House [Brennan Real Estate]
118 State Listings [Corcoran]
Righto, Williamsburg and Brooklyn Heights, that’s roughly comparable.
6:03 Do you know what windows were in place before these ones were installed?
mmmm……420
Thank you 4:41(…!)
Using the $2000/sq.ft. figure, we’ll be selling our Fort Greene place for 5.6 in 5 years, maybe a little less because it’s Fort Greene…uh’huh…Maybe the 4:20 will offer me that much when the time comes. I’ll welcome it…and will then move to Sun City and retire at 47.
What’s with the photo in which the scene of sky and trees outside the windows look like the room is on a set?
The building is ugly. I’m sorry…
There’s no cornice. Feh! Calling it a “carriage house” just doesn’t “do it” for me…doesn’t add any luxe-heightening factor…at least for me.
It looks more like a garage building.
How did they get away with window in-fill panels in a landmark district?
…annoying to think that we have always jumped through the hoops (our windows are exact repros to match the the two that remained from the mid-1800s. The two orig. ones were restored). Then bozos slap in windows that are only a vague reference to what was there before. We see this all over in landmarked areas…people do it without permits too…but this will have to be another thread.
Never trust real estate prognostications that end in an exclamation point.
I live around the corner and have been watching this one too. A huge amount of work has gone into this house – tons of new structural work, some intense insulation (probably to cut down on noise between the units), complete new systems, etc… Easy to believe the “3MM” hard cost estimate from “3:55”. The building has been GREATLY improved from the eyesore that it was. Worth 1200/sq/ft.? Of course it is. Has anyone looked at Manhattan prices latley? Like it or not, this is exactly where Brooklyn is headed, at least this part of Brooklyn. The most sought after parts of Brownstone Brooklyn are going to begin to go for 2000/sq.ft within the next 5 years, and everyone will be disbelieving of those prices too! Wake up people, the future is today!
but you have to live in williamsburg…
3:33 – 3mm reno hard costs.