House of the Day: 85 State Street
The first and only time we’ve discussed 85 State Street was back in March 2005 when the five-story brick townhouse was listed as an Open House Pick with an asking price of $2,500,000. That turned out to be a very good price for the dude who bought it; six months later he flipped it for…
The first and only time we’ve discussed 85 State Street was back in March 2005 when the five-story brick townhouse was listed as an Open House Pick with an asking price of $2,500,000. That turned out to be a very good price for the dude who bought it; six months later he flipped it for $3,200,000 to a developer who proceeded to do a modern gut renovation of the place. Although we have no reason to doubt the quality of the work in the house, the aesthetic result just doesn’t do it for us. For $5,500,000 (the asking price), we’d want a little more character. If we wanted to spend that kind of dough on something modern, we’d probably opt for something more like this. Apparently, we’re not the only ones: The single-family house has been on the market now on-and-off for more than a year, starting at $5,800,000 with Corcoran, moving to $5,950,000 with Douglas Elliman, before moving to Halstead last November where it’s gradually edged its way down to the current asking price of $5,500,000.
85 State Street [Halstead] GMAP P*Shark
Open House Picks 3/11/05 [Brownstoner]
bxgrl…yes, weird. I assume it houses HVAC ducts
Bxgrl…looks like it’s it’s covering the HVAC. Grilles…YUCK! If it’s forced air. I would have run full length hidden slots. You would never see them.
In one of the upstairs rooms is some sort of stepped built in that goes along the floor. It doesn’t look high enough to be a window seat or storage but I can’t tell clearly from the video- is it a radiator cover? Seems like it renders that wall unusable.
Actually, it was even more underpriced in 1915.
talk about grammer….my last post. WOOF.
It makes me sound like I don’t know what I’m talking about 🙂
-Choice of cabinet hardware. Wire Pulls. Come on! – Meaning that wire pulls are so played out. They’ve had there day. There are so many more intersting cabinet hardware to choose from.
Renoavtion like this – 1m – 1.5m
Wonder what kind of details they got rid of?
bayridgegirl…of cours it was underpriced in 2005. Everything was compared to late 2006 and early 2007. Sorry, couldn’t resist. 20/20 hindsight is great.
I think people talked about buying a reno as opposed to a place you would reno yourself to suit you. the design in this house really targets a particular taste. I disagree nailed it when he said it feels more like an office. I just don’t see a family with kids in this place. And the built ins to one side of the fireplace really bothers me and feels off balance.
but biff- just think what this place would look like with a little help from the decorator of the Dyker Heights place. You wanted character?
Terrible taste ! That’s the problem. Poor guy, he would have use another architect or interior designer with some taste, it would have sold already !
z, that was my point too. I still don’t think the renos justify a jump to $6MM, which is why I see it getting $5MM, tops.