$5.5M converted firehouse could be Long Island City’s most expensive sale

Posted On Thu, May 17, 2018 By

Posted On Thu, May 17, 2018 By In Cool Listings, Long Island City, Quirky Homes

A listing broker for this 1848 former local firehouse told the Wall Street Journal that its $5.5 million asking price was “aspirational,” but the neighborhood certainly has changed since its owner purchased the three-story, 3,500 square-foot converted townhouse in 1981 for $115,000. Long Island City turned fancy and this Federal-style firehouse got an architect-led overhaul that gave it three bedrooms, a 17-foot vaulted ceiling, a home office/library, a garden, a terrace, a garage, an elevator, and a sliding glass wall.

Back when she purchased the quaint red-brick building in the Dutch Kills section of Long Island City, neighbors told the owner it was worth even less than the $100K she paid for it; the broker called it a “white elephant.” The ensuing decades saw the area become a favorite with young professionals for its proximity to Manhattan, its cool industrial vibe, and great city views. If the house sells for its current ask, it will set a new neighborhood record, currently held by the $4 million sale of a three-story townhouse in Hunters Point in 2015.

The building is currently configured as a two-family dwelling with a spacious garden apartment on the ground floor ready to generate market rate income. Or you can keep the ground floor space with an adjacent 700-square-foot  garden courtyard as a gorgeous work or living space. Mixed-use zoning means you can run a business on the downstairs level; The building also comes with nearly 3,800 additional square feet of development rights.

The second floor is where you’ll find the dining area with vaulted 17-foot ceilings, a Danish-designed wood-burning stove, and a chef’s kitchen with two stainless Dacor ovens.

A generous master suite boasts a home office or library, a large walk-in closet and a master bath with radiant heat limestone floors and Toto toilets. A white marble and limestone guest bathroom sits off this floor’s hallway.

Up on the third floor is a third bedroom and an architect-designed living space with sliding glass walls that open onto a terrace for indoor/outdoor living. The interior living space also offers a marble wet-bar, a limestone wood-burning fireplace, dishwasher, and refrigerator. A limestone terrace off the living room includes a gas grill and built-in hot tub and beautiful views of LIC and Manhattan.

The building’s basement level offers additional storage, more work space, a full-sized laundry area and building mechanicals. It is accessible by elevator or stairs.

[Listing: 38-06 28th Street by Cary Tamura, Frans Preidel, and Rhajan Khanna for the Corcoran Group]

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Images Courtesy of the Corcoran Group

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Neighborhoods : Long Island City

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