House of the Day: 466 State Street
466 State Street in Boerum Hill has been listed on the New York Times for over 500 days, and for all we know has been on the market even longer. The three-story building has a few original touches left, but also looks worse for the wear for having been a rental property. It’s fair to…
466 State Street in Boerum Hill has been listed on the New York Times for over 500 days, and for all we know has been on the market even longer. The three-story building has a few original touches left, but also looks worse for the wear for having been a rental property. It’s fair to say that whether the person who buys this plans to occupy it or develop it that the house will need a pretty major renovation. In light of that (and the fact that no one’s bought the place yet!), the asking price of $1,600,000 seems a tad steep, no?
466 State Street [Brooklyn Properties] GMAP P*Shark
Interesting, erinelix.
If this is an SRO (the TB Shaw website states that it is an SRO), then I think a tenant refusing to leave would be a very loud death knell for the value of this property.
(I’m not so crazy about the location anyway… sandwiched between Atlantic and Flatbush.)
It will not be delivered vacant. Someone lives on the top floor and refuses to leave. Because of that, non on the brokers even update the listing…its really priced at 900k and is bank-owned.
I believe it was deleted recently but the agent trying to sell it for Massey Knakal included something to the effect of “tenant won’t leave. why try….”
Very strange.
Maly –
P-shark shows 4 or 5 Liz Pendens filed in the last 9 years. Changed hands a few times. Deed record 06/2000, new owner 02/2001, 4 mortgages and a couple deeds recorded in an 18 month span 12/04-06/06…very confusing to say the least.
Interesting. It does look like this house.
I think this is the same house that is currently listed for $969,000 at TB Shaw.
http://www.tbshaw.com/node/222
huh?
Yep, it’s the dregs. Not many people list at the start of the summer, and all the nice fresh Spring inventory is gone.
By daveinbedstuy on July 14, 2010 1:32 PM
Uninspiring listing to say the least.
…
Quite a few of those lately. Low inventory might be one reason? Just seems like very little quality, and when something great (or great location) does come on the market, it moves within 30 days.
Very weird ownership history:
Sale price (year 2005): $800,000.00
Sale price (year 2004): $370,000.00
Sale price (year 2004): $830,000.00
Sale price (year 2003): $616,835.00
Is it a poker chip?
The city thinks it’s 2,565 sf over 3 floors, the location makes it an unlikely candidate for a trophy rehab. If that very nice-looking investment property (yesterday ROTD) sold for $2,050,000, this may be worth what? $700,000?