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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]


What's Your Take? Leave a Comment

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  1. Disappointing. Rather than be inspired by its previous incarnation as a modernist take on a historic carriage house al la Attia, nor try for a truly historic restoration with details to match – the developers aimed for the mediocre middle and hit a bullseye. Won’t be surprised when the person in contract sees the piece of garbage that looked so good in renderings and backs out.

  2. I just want to say for the record that there is a big difference between being critical about certain aspects of a project and being a “hater”.

    I am under no obligation to love every project or agree with the sale price of every property featured here.

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