First Resale at 14 Townhouses
It had to happen sometime! The 14 Townhouses on State Street received a lot of attention, most of it positive, when they hit the market back in 2005. It took a little while (and some time off the market) to get the job done, but ultimately all of them sold for prices of between $2…
It had to happen sometime! The 14 Townhouses on State Street received a lot of attention, most of it positive, when they hit the market back in 2005. It took a little while (and some time off the market) to get the job done, but ultimately all of them sold for prices of between $2 and $3 million. More than four years after, we’ve arrrived at a milestone in the project’s history: The first resale. The house in question is 267 State Street, the one on the corner of Smith Street. It’s got more than 4,000 square feet of space and doesn’t look any worse for the wear. The asking price? $3,600,000. We shall see.
267 State Street [Corcoran] GMAP
14 Townhouses, After Slow ’06, Go Gangbusters [Brownstoner]
14 Townhouses Update: Slow Going, At Best [Brownstoner]
BHO, the government will find a way to screw the prudent, the savers, the middle class tax payers, and the renters. They are going to continue to award the undeserving tarp bankers with record bonuses while their firms continue to lose money. It is time the middle class wakes up and stand up for their rights!
***Bill Thompson for Mayor (TOMORROW!!!)***
“the kitchen looks like a science lab”
LOL!
“…and that money find its way into brownstones…Renters get priced out as a result.”
Hmmm. That’s not what I keep reading in the forums, stevieb (“Wah wah wah!!! I can’t rent out my apartment!!! It used to be so easy!!! Heeeeeelllllp!!!!). And Brooklyn Brewery got priced back in.
***Bill Thompson for Mayor (TOMORROW!!!)***
By the way Chicken — just looking at a few of the Chateaux on that http://www.sifex.co.uk website makes almost ALL properties in NYC look effin’ ridiculous. You can get a 17th century stone chateau with 20 acres for $1.5 million…
Location, location, location only brings you so far!
>>But why would renters be bitter in a time like this?
Renters are bitter because the government keeps giving money to undeserving financial institutions like skank of america and shitting bank, key bank, wells fargo, etc who turn around to pay record bonuses and that money find its way into brownstones. Renters get priced out as a result.
I don’t see how this house is comparable in price to a restored period house in Park Slope, which goes for about the same asking price. I guess it’s apples and oranges. If I had the money, the oranges would win out, any day of the week. These are nice, if modern is your thing. Lots of light (I think the kitchen looks like a science lab.) Good luck to them, in this economy.
CarrollGardened… I wouldn’t pounce on you, but I would suggest that these folks with more money than sense should be either (1) drawn and quartered, or (2) required to give me, say, 1% of the purchase price. Either would make me happy.
“BHO — My guess is they saw that the developers down the street are looking for the same price for larger houses, and decided to get in front of all the buying interest for over $3.5 million modern living.”
But Boerumresident, I thought a home was a place to live in and not an investment.
Magic stick, stevieb? Beware of DIBS. But why would renters be bitter in a time like this?
“it’s all about what the place is worth today and a prospective buyer’s alternatives”
Ha ha ha, chicken. A disservice to who? Alternatives? People have no choice but to buy into the collapsing MAB? Come on!
***Bill Thompson for Mayor (TOMORROW!!!)***
tybur6, you know what the likes of 11217 are going to say. “There are rich people everywhere and they are not going to think twice about dropping $3.6mil on a condo”
And yet, tybur, it’s always possible that someone will come along, decide they just “love” THIS house in THAT location and pay close to ask. Happens all the time. (Before you pounce on me, remember I’m among those who thing the asking price is insane.)