House of the Day: 386 State Street
Holy Fried Green Tomatoes! A certain actress (hint: not Kathy Bates) has decided to bail on the Boerum Hill townhouse she picked up only last year. What the 12.5-footer lacks in width it makes up for in exposed wood beams and marble fireplaces. The asking price of $1,465,000 looks low on an absolute basis for…
Holy Fried Green Tomatoes! A certain actress (hint: not Kathy Bates) has decided to bail on the Boerum Hill townhouse she picked up only last year. What the 12.5-footer lacks in width it makes up for in exposed wood beams and marble fireplaces. The asking price of $1,465,000 looks low on an absolute basis for the neighborhood but when you consider the four-story house is only 1,680 square feet, they’re hardly giving it away. Especially when last year’s market-clearing price was $1,275,000. It also looks to us like the house is completely devoid of its crown moldings. Mon dieu!
386 State Street [Corcoran] GMAP P*Shark
I bet you a million dollars if you go to the open house, the majority of real buyers are brooklyn residents. Comparing a 1.4mm apartment to this house is the apples to apples thing. C’mon!
And almost EVERY person who has bought a house has been from Manhattan. Total bullshit. Are these people realtors?
I fit into exactly into the description Jerri gave. I came from a co-op in Manhattan because I wanted more space and to give up apartment living. I’m not saying any house is better than any comparably-sized apartment, but, all else being equal, I still think people would prefer their own home. And I do think that whatever this sells for will be at least as much as what an apartment of equal size in the area would fetch.
The prestige these days in Brooklyn is in owning a house no matter what its size. In Manhattan too, which is why those who can’t spend $7 million minimum for a house in Manhattan when they want more space, come to Brooklyn.
i saw this place at an open house the last time it was on the market. in addition to being skinny, the ceilings on the top floor are incredibly low. when i looked up, the brim of my cap touched the ceiling. but it is a nicely-finished, cute house that makes the most of its minimal space.
5:50…
You don’t think Manhattan prices are at all related to Brooklyn home prices?
Where exactly have you been?
You do realize that almost every person who has bought a house in Brooklyn over the past few decades have come from Manhattan, right???
The typical Brooklyn home buyer is a former Manhattanite who owned a 1 or 2 bedroom apartment and traded up.
If you don’t think the two are related, you are even more ignorant than I thought. As if your “Methinks I smellz a” didn’t already tip me off…
Its such a suburban attitude, that any house no matter how mean, is better than living in an apartment. In terms of quality of life, I think this house offers very little for the price. I’m sure you can also find a ridiculously over priced apartment in some dump somewhere that is equally reidiculous. but for 1.4 million you can still find a nice apartment in Brooklyn, nobody said anything about manhattan.
What do apartment prices in Manhattan have to do with anything? And WTF is this Jerri/Biff thing going on here? They seem awfully at-the-ready with data and bullish propaganda. Methinks I smellz a…
Further, some people would put up with stairs when it means not having to deal with noisy neighbors above and below, co-op boards to run every little renovation by, etc. And these taxes ($2,500 a year!) are a fraction of what one would pay in a similar sized co-op/condo (notwithstanding abatements).
I saw this house last year – weird layout because you walk right into the tiny kitchen without any kind of place to put your coat etc. She did redecorate and put in those built-ins in the “media room” which makes the house more practical – before the dining room was there, on a separate floor from kitchen. Plus this is the street with all the new beautiful state st. townhouses, with many more to come btw bond and nevins which will improve the area. Nevertheless, house will not fetch this much. If it did I’d be happy, but can’t imagine it happening.