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
Biff, there is now way someone will buy this house for 1.4 million in today’s market. The days of easy credit are over.
Has anyone else noticed that the editorial standards of this site have lowered dramatically? This really isn’t a serious real estate blog or even a serious Brooklyn blog anymore. What gives?
Isn’t there still one of those teeny-tiny places on that private walking street in cobble hill being listed? Is it warren place? I think it was listed under 1 mill, much cuter if you want cute tiny house, and should be had for less since it’s been on the market for so long.
sam, it may be obscene, but I don’t think it’s totally out of the range of what other similar places would be priced. For better or worse (better if you bought 5 or more years ago), people are paying that much and more for modest-seeming, unimpressive places. I’m not saying it’s right, but I think it’s still the truth. It may come down in price, but I don’t think the drop will be significant.
This is a nice little doll’s house for a couple with a modest income or for a single parent, but since it is in brooklyn, the price tag is obscene. Just obscene.
1.4 million for a skinny mini playhouse that you enter below grade, into the kitchen. It has just one full bath. The front facade has been mucked up, the parlor floor windows are misaligned leaving a blank expanse of wall to the side. It’s just inconceivable that someone with the money to buy a 1.4 million dollar property would buy something so modest-seeming,so unimpressive.
Jerri, I was thinking the exact same thing!!
😉
But I think it might be Kathy keeping James Caan stashed away in a case of life imitating art.
I wonder if MSM keeps Kathy Bates stashed inside that blue garage next door…? Haven’t seen her around lately.
We lived in a house of these proportions once in London and it was adorable, a doll’s house. I loved it, and my kids were tiny at the time so it worked, but we were renters and stayed under two years. Still, there’s something to be said for cute houses.
12.5 feet. Breathe in. Isn’t this downtown Brooklyn? Or does “living who I am in Brooklyn” require ceding my brain to broker-ese?