State Street Brownstone on the Market for First Time in 44 Years

In 1967, Mildred Furiya bought a house on State Street, which then wasn't the jewel of Boerum Hill that it is today. Reports The New York Times:

A boarding house known for prostitution stood across a barren street, groups of unemployed men hung out on the corner and the Brooklyn House of Detention was a defining presence a block away. Standing in the garden — which functioned as a garbage dump for the apartment building next door — her husband, George, was almost hit in the head by a plaster Madonna statue someone had thrown from a window.

And now, 44 years later, Furiya is selling her brownstone on idyllic State Street, which is now one of the most desirable blocks in Brownstone Brooklyn. According to The Times, Furiya bought the house for $16,000 in 1966 "with a cash gift from her father, the economist Alvin H. Hansen." Her brokers, Ross Brown and Florence Ng of Citi Habitats, are listing the house at about $1.895 million.

"A sale at that price would represent an increase of nearly 12,000 percent over 45 years — or an annual return of about 11 percent," reports The Times.