The New Coney Island - Brooklyn's Times Square by the Sea

Wednesday, February 4, 2015

WSJ - Brooklyn’s Most Expensive Listing: $40 Million Brownstone

Excerpt -

A roughly 17,500-square-foot brownstone in Brooklyn Heights is expected to list for $40 million, according to the listing agent—a record price for residential real estate in the New York borough.
Jonathan Miller, president of Miller Samuel Real Estate Appraisers, said the property will break a listing price record for a single-family home or apartment in Brooklyn. The second most expensive is a roughly 11,000-square-foot condo currently listed at $32 million, he said.

Located on Pierrepont Place, the mansion was built in 1856-57 and is known as the Low Mansion, named after the onetime owner and businessman A.A. Low, whose son, Seth Low, became mayor of Brooklyn, and then mayor of New York starting in 1902. In total there are 15 bedrooms, 16 bathrooms and more than 9,000 square feet of garden and outdoor space. The building is currently subdivided into eight apartments, but the tenants are on short-term leases and the house can be sold vacant, according to the current owner, Jeff Keil. The building retains many of its historic features, including fireplaces with stone surrounds, high ceilings and a grand staircase with a central skylight.

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