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]
Rip-off. Total.
wow…lots of people woke up on the wrong side of the litter box today…
is anyone who reads brownstoner not a bitter soul??
The work on the exterior is certainly awful. The building looks terrible. Unfortunately, I have noticed when a developer has a site in a prestiguous location, they know it will sell no matter how ugly the reno is. That is a shame. But I guess it is the reality in our overpopulated and overwealthy corner of the planet.
Yet another half assed renovation of a beautiful building, catering to folks with more money than sense. And who cares about the appliances. Boring!
118 State had an open house last weekend and I stopped in. I looked at the basement/street level 3 BR duplex and the second floor 2 bedroom floor-thru. The 3rd floor is a carbon copy of the 2nd, we were told, so I didn’t look at that. We didn’t look at the top level duplex either as it was in contract “for the asking price” (2.84 mil) the Realtor was quick to point out, as if defending the price.
Especially after seeing the places, I have to say the price is UNreasonable (even considering the neighborhood).
Though the website touts “custom hardwood” cabinets in the bathrooms and kitchen, it is actually veneer and you can tell because it is buckled and crackled in places. A handout we were given at the open house does mention the cabinets have veneer (guess the website needs updating–or am I wrong in assuming “hardwood” implies not veneer? Not sure.) and says something about them being eco-friendly, which to my mind is not an excuse to be bad quality (eg, buckled). There are plenty of good-quality eco products.
A minor thing, but I think something that is telling as to their attention to detail: the bathroom cabinets in the bottom duplex were hung crooked! “Hand-crafted home” indeed! There are some nice appliances. I drooled over the stove. The den had pocket doors that met at an angle (see floorplan on their website), which was cool.
But I would think for this price there would be more truly custom detail, for instance custom windows to fit the arched openings in the front of the building (rather than the rectangular windows awkwardly stuck in, with a black metal apron going from the top of the pain to fill the arch). Now there are black-painted (and poorly painted, btw) PLYwood doors covering the garbage area at the front of the building. THis is topped with a black steel pallet that looks very industrial and not at all in character of a “Carriage House,” which is what they are calling the building with a capital “The.” There are pre-existing cement blocks on either side of the steps to the front door and an ugly also industrial-looking stair railing that could have been torn down and replaced with soemthing that wasn’t an eyesore. I was surprised when they didn’t replace that (I live on the block and have been watching the progress).
Sadly, overall, I think the building was a big, overpriced disappointment.
These will sell and sell they will to people with some serious bread.
In fact, one has already sold.
I agree with whoever wrote that this is in line wih the general insanity overtaking brownstone Brooklyn. Although some posters feel that location no longer matters, I disagree. Brooklyn Heights is still the gold standard, regardless of how snoozy or boring some may think it is. Nany folks really value boring and staid.
This very large carriage house was owned for many years by the famous skyscraper architect Eli Attia. It reminded me of the New Yorker cartoon of the glassbox architect working on some mega project from his Victorian parlor in a quaint house.
$3 million for an apartment in a carriage house? WTF?
gorgeous building.
these will sell.