The Herkimer: Banal Bed-Stuy Condo Has Units Priced from $399K + 15-Year Tax Abatement

The Herkimer at 511 Herkimer Street (All images via Corcoran)

Thursday, Nov 1, 2018 By CityRealty Staff, CityRealty contributor

You'd think there'd be a class to prevent developers from coming in and ruining a block with schlock, but this is New York after all. Over in Bed-Stuy, where 'luxury' buildings are popping up everywhere, is The Herkimer, a four-floor condo project with little regard for its surrounding context. ZPROEKT, based in Sheepshead Bay, is listed as the architect in DOB filings.

Beneath its lazy facade of metal panels and big windows are eight condominiums coming in studio, one-bedroom, and one-bedroom with home office configurations. The building's first two homes to hit the market are a studio and one-bedroom priced at $399K and $680K according. These bargain prices come in below $950 per ft² and feature a 15-year tax abatement, meaning very low carrying costs for the near term.

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Homes have 4"-wide white-oak engineered floors, large Pella windows, a washer/dryer hook-up, and a ductless Daikin split air conditioning and heating system. Kitchens have Scavolini cabinetry, a full suite of Bosch appliances and Quartz countertops/backsplash. Baths have radiant heat flooring and are clad in porcelain tile. Shared amenities include a virtual intercom system and additional storage available in the basement.

The building is equidistant to the Kingston-Throop Avenue station serving the C train and the Utica Avenue station serving both the A and C. Noteworthy establishments include Brooklyn Beso, Saraghina, and Bed-Vyne.

Google Earth aerial showing location of The Herkimer (CityRealty)

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The Herkimer: Banal Bed-Stuy Condo Has Units Priced from $399K + 15-Year Tax Abatement

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