The market landscape of Brooklyn real estate has changed drastically over the course of the past decade. What were once some of the most affordable properties in New York City are now some of the most expensive and desirable. This week, the New York Times reported that one property has broken the record for the largest single residential sale in this up-and-coming borough.
A stately brick townhouse at 177 Pacific Street was recently sold to well-known photographer Jay Maisel for $15.5 million. Located in the historic Cobble Hill neighborhood of Brooklyn, this sale constitutes the “highest price ever paid for a single residence in the borough,” according to the New York Times. The previous record holder had been a Brooklyn Heights mansion once occupied by Truman Capote that sold in 2012 for $12.5 million.
The property is remarkably spacious by New York City standards, featuring 3 stories of living space, six bedrooms, eight bathrooms (six full and two half) and a full finished basement. It had been recently renovated by the previous owner, and came packed with high-value amenities including a movie theater, gym, wine cellar, and heated floors. The roof of the building also features a 2,600-square-foot roof garden complete with outdoor kitchen. Alex F. Maroni who represented the seller in the deal speculated in the Times article that the property could have been worth upwards of $40 million had it been located on Manhattan.
Here at Skyline Properties, we’re keeping our finger on the pulse of the New York City real estate market in order to provide our clients with the best, most up-to-date information available. Stay tuned for more updates from Robert Khodadadian of Skyline Properties.