NOT LISTED FOR SALE

Estimated Value: $3,228,000 - $3,831,000

5 Beds
4.5 Baths
2,500 Sq Ft
$1,413/Sq Ft Est. Value

Sale Details

Date Sold: March 11, 2021

Last sale price $2,812,000 $1,125 Per Sq Ft

Est. 26% increase in value since last sale

Current estimated payment $19,277 / mo

218 Days on Market

About This Home

As of March 2021

Now available for viewing to those with serious interest based on listing information and virtual tour. For Virtual Tour, click button or paste TinyUrl.com/352StateVideo in your browser address bar. This is one of the largest houses in Boerum Hill, a magnificent 25 foot wide 4 story brick and brownstone rowhouse on beautiful State Street (which New York Magazine has named a "Prettiest Block in NY"). As anyone who's been in one knows, the difference in the grand sense of space in a 25 foot wide rowhouse and a standard 20 or 17 foot wide building is considerable. Rather than the standard 11 or 12 foot wide living room and 6 or 7 foot hallway usual in the standard-width buildings, 25 foot wide rowhouses yield living and other rooms 15 or 16 feet wide, which feels like a ballroom in comparison.
A loving, full, historically detailed, multi-year gut-renovation/restoration was well along when interrupted some years ago, and the property is priced to allow a purchaser to handsomely complete the re-construction and gain substantial additional equity. Submitted plans are for a 1-bed, 1 bath garden simplex and a 4-bed, 2.5 bath triplex, with a greenhouse off the parlor floor and a full-floor open space on the top floor. Or re-configure to your own plans and purposes.
Parts of the re-construction already largely accomplished (please confirm with your own viewing and experts) include: - basement dug out to 9 foot ceiling height, and new footings installed and cement floor laid;
- new steel joists under the garden-level floor installed throughout;
- new boiler and hot-water heating system installed throughout building; - new separate hot-water systems for the simplex and the triplex installed; - - new plumbing and drainage systems roughed in throughout house; - new electrical systems roughed in; - all 8 wood-burning fireplaces throughout building re-built/restored, re-lined and re-flued;
- new Anderson double-paned windows installed throughout the house; -
- stairways reinforced or re-built; - walls re-configured and re-framed: - homeolite fire-stops installed between studs (this is not required in a two-unit property, but the owner was re-building for his own use). Many original details, including the wide-plank original floors, original moldings and panelings, and portions of the original plasterwork detailing have been retained ready to be re-installed.
The walls were starting to be closed in when the project came to a stop. In most new construction or re-construction purchases the buyer must estimate the quality of the work behind the walls. Here it can be seen and examined. The property will be sold with all on-site uninstalled cabinetry and fixtures included. Several banks are offering construction/purchase financing at rates similar to mortgages.

Last Agent to Sell the Property

Jay Molishever

Corcoran Group License #10301200129 Listed on: 03/15/2020

Corcoran Group

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1865

Lot Details

  • 2,483

Bedrooms and Bathrooms

  • 5 Bedrooms

Additional Features

  • 4-Story Property
  • Lot Dimensions are 100.0 x 25.0

Community Details

  • 2 Units
  • Boerum Hill Subdivision

Listing and Financial Details

  • Tax Block 177

Property Details

Home Type

Multi-Family

Year Built

Built in 1865

Lot Details

2,483 Sq Ft Lot

Listing Details

  • Cross Street: Hoyt Street & Bond Street
  • Property SubType: Multi Family
  • Property Type: Residential
  • Neighborhood: Boerum Hill
  • ResoPropertyType: Residential
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 4

Beds/Baths

  • Full Bathrooms: 4
  • Half Bathrooms: 1
  • Bathrooms Integer: 5
  • Bedrooms: 5

Garage/Parking

  • Garage: No

Lot Info

  • Lot Size Dimensions: 100.0 x 25.0

Building Info

  • Units: 2
  • Total Stories: 4
  • Year Built: 1865

Tax Info

  • Tax Block: 177

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 15, 2020
Closed on
Mar 11, 2021
Sold by
Geiszler Kathleen
Bought by
352 State Street Inc
Seller's Agent
Jay Molishever
Corcoran Group
List Price
$3,500,000
Sold Price
$2,812,000
Premium/Discount to List
-$688,000
-19.66%
Current Estimated Value
$3,532,468

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$720,468
Avg. Annual Appreciation
4.56%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
352 State Street Inc $2,812,000 --
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2021 03/11/21 Sold $2,812,000 -19.7% $1,125 / Sq Ft
10/19/2020 10/19/20 Pending -- -- --
03/14/2020 03/14/20 For Sale $3,500,000 -- $1,400 / Sq Ft
Source: Real Estate Board of New York (REBNY)

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $6,586 $220,140 $20,100 $200,040
2024 $6,586 $210,480 $20,100 $190,380
2023 $6,608 $219,240 $20,940 $198,300
2022 $6,128 $201,600 $20,940 $180,660
2021 $6,095 $206,700 $20,940 $185,760
2020 $1,355 $193,500 $20,940 $172,560
2019 $5,423 $213,960 $20,940 $193,020
2018 $5,230 $27,116 $2,017 $25,099
2017 $4,915 $25,582 $3,002 $22,580
2016 $4,515 $24,135 $3,823 $20,312
2015 $2,691 $22,770 $4,186 $18,584
2014 $2,691 $22,770 $5,023 $17,747
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Real Estate Board of New York (REBNY)

MLS Number: RLS10622057

Real Estate Board of New York (REBNY)

APN: 00177-0010

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