Two State Street Townhouses Under 1M

HOW LONG has it been since houses in brownstone Brooklyn went for under a million?

There are two on the market now on State Street in Boerum Hill. Granted they are in miserable shape. (Here I go again, excited by the words “handyman’s special,” “needs TLC.”) But the possibilities are definitely there.

5554844a-2 422 State Street, above, first went on the market last fall with an asking price of $1.2million. That was clearly over-reaching. Then the price dropped to 999K; now they’re asking 850K. See more pics below.

It’s on State between Bond and Nevins, a convenient and reasonably attractive block.

I happen to think that’s a deal with great potential. It’s a one family, so no rental income, but could be very charming. And small (17×35), but the smaller the house, the cheaper the fix-up!

A block east, on State between Nevins and Third (a good family block; my son has friends from grade school and Brooklyn Tech H.S. whose families live there) is l776339_3718113_front_viewanother fixer-upper. 466 State, right, is a legal two-family and larger (19×45).

Go here for more details. They’re asking 999K, and it needs total everything. The price probably has a long way to fall. Someone could drive a hard bargain.

That end of the block (closer to Nevins) used to be very run down; this house was hard by a pentecostal storefront church, which is now gone, and the block has improved.

Yes, they’d each require a large cash infusion, but that’s variable, depending on so many factors, and could be done in stages.

If I were in the market right now for a Brooklyn project, I would consider these. Way better, IMO, than a condo or co-op at half the price, with monthly maintenance fees and less soul.

About cara

I blog (for fun) here at casaCARA, and write (for money) about architecture, interiors, gardens and travel for many national magazines and websites.
This entry was posted in BROOKLYN, PROPERTIES FOR SALE and tagged , , , , , , , . Bookmark the permalink.

1 Response to Two State Street Townhouses Under 1M

  1. Melissa says:

    I love how each neighborhood that comprises Brownstone Brooklyn has its own character – brown, lime, or brick.

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