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352 State Street
Townhouse in Boerum Hill •  building info
5bd • 4.5ba
Sold price

$2,812,000

Key Details
Days on market
362
Last price change
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Estimated payment
$20,367
Taxes
$457
Monthly maintenance
N/A
Description
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.

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History
What it'll cost
Purchase price
$3,500,000
Asking Price: $3,500,000
Term
30 Years
Down Payment
$350,000 (10%)
Min: 10% (350,000)
Rate
6.5 %
Mortgage Amount
$3,150,000
Mortgage Payment
$19,910
Taxes
$457
Estimated closing cost
$134,000
Total monthly cost $20,367
Listing Courtesy of Corcoran

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