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]
There’s sure some creative math going on with Corcoran claiming this house is 4,200 SF! Even if you count the cellar level (which you shouldn’t), 16′ 0″ x 45′ 0″ x 5 floors equals only 3,600 SF, and that’s without deducting the 180SF lost through the double height living area. True area (without cellar and open-to-below space) is 2,700 SF. Sure, square foot fudging goes on all the time; but by over 50%? Come on!
Price is crazy too (though, living a couple of blocks up State, I’d love to see them get it).
No, no, no. For $3.6m you buy this:
http://www.sifex.co.uk/PropertyFullDetail.asp?propid=17071
and use the change for a lifetime supply of flights.
If you’ve already got your own Gulfstream then you can push the boat out to this:
http://www.sifex.co.uk/PropertyFullDetail.asp?propid=17555
I lived on Schermerhorn, just around the corner for years- DeLepp is right. Not that it isn’t a great area- it is. But those prices? Crazy.
I lived on state for 10 years, it’s no 3.6 million block by any stretch.
I know we went through the pricing debate a few weeks ago, but I feel compelled to say again that for $3.6 million, I’d personally buy in prime Brooklyn Heights or Cobble Hill. It won’t buy me last week’s HOTD on Grace Court, but this is the range of asking price for houses on Sidney Place, one of my favorite blocks.
I “entertain” a few guests every week.
rob aspiration is the term, which is why many vote republican.
lol delapp who knows, but according to every single one of those home and apt shows in HGTV all they talk about is entertaining guests, as if they do it all year round, and by the looks of some of those people on the shows im guessing they havent seen a guest in years and who are they fooling? much like these prices, who are they trying to fooL/
*rob*
rob, true but unless you’re running a bordello how many guests could one possibly have in a year. Probably more germs on their phone @ work.