House of the Day: 442 State Street
Run down but not lacking in charm and potential, 442 State Street was on the market last fall with Halstead for $1,200,000 before getting yanked in early February. It has now resurfaced with Brooklyn Heights Real Estate with a significantly lower price tag of $999,000. The place is pretty beat up and isn’t on the…
Run down but not lacking in charm and potential, 442 State Street was on the market last fall with Halstead for $1,200,000 before getting yanked in early February. It has now resurfaced with Brooklyn Heights Real Estate with a significantly lower price tag of $999,000. The place is pretty beat up and isn’t on the ritziest street in Boerum Hill, but we could see it coming to life in the right hands. You gotta figure it’ll take several hundred grand to get things back in order. What’s the magic price that gets this place to sell?
442 State Street [Brooklyn Heights RE] GMAP P*Shark
so many nice apartments on the market now.
Has anyone checked out some of the older neighborhoods in Manhattan? Prices have really dropped.
I know things are topsy-turby now, but you can get a nice 2-bedroom in the Upper East Side for less than they are asking for this POS in felon-corners, Brooklyn.
When was the last time any townhouse in Boerum Hill (and it is Boerum Hill) went for less than a million? And it doesn’t have to cost 300K to renovate (smaller the house, the cheaper the fix-up!) And that’s actually a good family block. Wish it was wider, true, and that that disgusting social services or rehab place on Nevins with its sidewalk denizens wasn’t there (or anywhere in the universe), but I think the building is cute and has huge potential and someone will be lucky to get it for whatever they eventually get it for. Better than an apartment for half the price.
I have no idea the right price for this house. That said, this is just the kind of place I’d love IF I wanted to live through another reno again. A small, blank-space house where you’re free to do whatever… I’d keep the facade, knock off the back wall and put in glass…
Of course, I’m never going to do it. But I bet I hope somebody with patience and good dieas scores a great deal on this place.
Check out this one.
http://www.century21.com/property/index.jsp?id=34877291
Saw it this weekend… reminded me of the set from the movie Seven.
Boerum Hill,
Miss Muffet is laughable and delusional. I read her comments only for laughs. You are right, there are no full renovated houses in Boerum Hill selling for that price. Only wrecks. That said, this house is a mess and too narrow to be worth the work.
Miss Muffet,
Please tell me about any fully renovated townhouses in this neighbordhood that sold/are selling for $1.0 mm or less. If there’s one for sale, I’m very interested in buying it.
I think that a million dollars for a ramshackle little house, in a non-prime block, in the midst of one of the worst economic downturns in memeory, is not a real hot deal.
I hesitate to guess what this little house is worth today. I doubt a bank would give you a mortgage. I don’t know if even $300,000 would be viable. I mean these are hard times and this is a hard sell. The parcel would be more valuable without the house than with it.
What a catastrophe.
But, um, I have to admit I like the cabinets in the kitchen–that classic face-frame cabinet with the inset door is nice. Of course, I’d have painted the doors the same color as the frames…
yikes.