The first of the nine new townhouses on State Street hit the market with a price of $3.5 million. That’s the least expensive of these homes (we reported last year that prices would start at the $3.5 million mark). Here’s what the listing says: “Built 18 x 50 with four floors of living space, this house offers, four bedrooms, four baths, semi-finished basement and roof terrace. 4,300+ square feet of living space in the heart of exciting downtown Brooklyn.” The interior rendering above comes from the 9 Townhouses website. The homes are still under construction and will be ready to be occupied this summer. They’re separated from the first 14 State Street townhouses by a few older brownstones.
9 Townhouses [Official Site]
New Details About State Street’s ‘9 Townhouses’ Project [Brownstoner]


What's Your Take? Leave a Comment

  1. So keep cramming more development into the city to make the prices fall? I don’t think that’s possible, and it’s not on the agenda for developers, who have been pushing the luxury segment. (with a few mandated below-market units snuck in for the lucky few) Like I said, the free market has nothing to do with it when the city pushes policy that favors the rich.

  2. It’s not the free market that’s killing the middle class. There is no free market when it comes to nyc’s real estate boom. It’s all perfectly designed to float money to the top, and it’s working brilliantly.

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