Brooklyn Heights, Real Estate

Acclaimed 40 Willow Place Mansion Sells for $7.35 Million

August 22, 2012

When it comes to lofty living in Brooklyn Heights, it’s tough to top the home at 40 Willow Place, which has sold for $7.35M—a mere shaving off of its October 2011 list price of $7.5M. The 7,400-square-foot, three-story, 45-foot-wide modernist home, built in the 1960s, entered into contract May 7 and closed August 3, with its deed recorded August 15, according to Brownstoner. Needless to say, it was the largest closing in all of Brooklyn last week. The property, which has been wholly renovated, has an assessed value of $6.14M and last sold for $3.1M in 2003.

According to Property Shark, among the 10 most valuable single-family mansions in the city—including Manhattan—this home ranked No. 1 last June. Meanwhile, the Corcoran listing describes 40 Willow Place, designed by Joe and Mary Merz, as “the perfect marriage of sleek minimalism and functional modernism,” with multiple outdoor spaces, a garage, five bedrooms, five baths, a 1,500sf great room with slate wood burning fireplace, library, family room and double-height rec room. Read more at Corcoran here.

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Source: Brooklyn Heights Blog
http://brooklynheightsblog.com/archives/46180

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