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Potential* Opportunity to own a 1 bedroom at… 54 State Street, Brooklyn

-735days left to input your price Potential* opportunity to own a 1 bedroom at 54 State Street, Brooklyn

*This is not a listing or an offering.  This is an example of a potential opportunity.
Posted on: 11/10/09

Step 1 – the survey

Evaluate, assign and discuss what you think is a fair value for this home; you tell us what you like and you would pay.

the facts

Brooklyn Heights | 1 bedroom, 1 bath | 720 sq ft | 5 Floors, walk-up | 10 total units | School District: 13

the vision

This turn-of-the-century apartment building was fully gutted and fated for a tear-down when the DOB and BHA intervened, since it sits firmly within the boundaries of the Brooklyn Heights’ landmark district. We envision it as ten 720-square-foot one bedroom condominiums, with the possibility of lower floor duplexes, and possible amenities such as a common roof deck or first floor garden.  The property’s prime location and blank canvas status make this is a very appealing redevelopment opportunity.

the skinny

This opportunity is no longer available
UPDATE on 54 State Street

the pics

Brooklyn Map via Google


the links

Palmetto Playground
Van Voorhees Park
Brooklyn Bridge Park
Brooklyn Heights Association

your price

What would YOU pay for a 720 sq ft 1 bedroom, in this location. Assume your price includes custom finishes, including bathroom and kitchen, chosen by you.

    22 entries to date

average 1 bedroom price

  Total ($) $ per sq ft
$
464,091
645

our cost to rehabilitate

2,518,750 310 Hard Costs
552,500 68 Soft Costs
463,125 57 Management Fee
3,534,375 435 Total rehab costs

our project acquisition price

Your custom 1 bedroom can become a reality if the entire property can be acquired for the price below. Check back on May 17, 2010 and/or follow me on Twitter to see the final numbers.

  Total ($) $ per sq ft
$
1,126,677
139

Step 2 – your home

If you like the idea of being able to customize your new home, then contact Betsy Hoffman at 917-622-3879 or betsy@myhomebrooklyn.com for more details. Using your pricing guidance, we will pursue the redevelopment of the entire project, delivering a product that meets or exceeds the home price you desire. We will contact you immediately if this potential opportunity becomes a reality.

We offer full transparency from property acquisition through unit closing. Let us know if you are interested in learning more about this potential opportunity.

stay informed

click here to be updated on the project’s status.

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