House of the Day: Flipping in the Heights
This was one of the first listings we wrote about when we launched brownstoner last October. It initially caught our eye because we knew the former owner, a brilliant architect of skyscrapers named Eli Attia, and had been inside on several occasions. All of eight months ago, the house was on the block for $4.5…
This was one of the first listings we wrote about when we launched brownstoner last October. It initially caught our eye because we knew the former owner, a brilliant architect of skyscrapers named Eli Attia, and had been inside on several occasions. All of eight months ago, the house was on the block for $4.5 million and we’re pretty sure that’s about what it sold for. And now, with no apparent renovations or improvements, it’s back on for $6.75 million with Brooklyn arriviste Leslie J. Garfield. The amazing thing is, even with the 50% price hike, it’s selling at less than $800 a foot in prime Brooklyn Heights. Could make a stylin’ one-family!
118 State Streeet [Leslie J Garfield] GMAP
Brooklyn Heights Modern [Brownstoner]
Adam – an “extra” 2 million? Is it your assumption that the previous transaction was appropriately priced?
a special couple from the art world. and your point? is isthat this makes this house worth an extra 2 million dollars. just wondering
Sandra,
You are absolutely right. The Attias are a wonderful, one-of-a-kind couple.
Thanks for the input.
My company,Brooklyn Heights Real Estate,Inc was proud to represent the sellers,Mr and Mrs Attia, in the closing of 118 State Street in January of this year. It is public knowledge that the sales price was $4.25mil.It is a unique property with much potential and was inhabited by a truely special couple from the art world.
It’s ugly on the inside
Maybe the build-out pre-dates current FAR allowances…
According to Property Shark someone already built over the allowable FAR (2.43 allowed, 3.45 built) by 2,550 square feet. No idea whether this is accurate but I haven’t seen that before on a PShark listing. They show the price it sold for in February as $4.25M
Does anyone know if there’s any buildable FAR left on this?