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Brooklyn Heights, Landmark Preservation, Real Estate

NY Observer’s Deep Dish On Willowtown Mansion Sale

August 22, 2012

The manse at 40 Willow Place that sold for $7.3M, as we reported Tuesday, gets a deeper look in a story published by the New York Observer. It begins: “The modern masterpiece may not be able to command a sales price like some of its Brooklyn Heights neighbors—to wit, Truman Capote’s old abode at 70 Willow Street set a borough record when it sold for $12 million in March—but in the eyes of the tax assessor’s office, it is the finest in the borough.”

The Observer reports that new owners Charles Brian and Elizabeth O’Kelley, who moved from a West Village penthouse, will pay a heap of taxes for the 45-foot, 6,500sf home, which has an assessed market value of $6.35M (compared to the Capote house, valued at $5.14M). Sellers William and Kathleen Reiland bought the house for $3.1M in 2005.

Further, the property was first listed by Corcoran broker Deborah Rieders last October, asking $7.5M. It briefly entered contract in late fall, but didn’t close and returned to the market in April. She notes it is one of only three other modern houses in the neighborhood, all built on empty lots in the 1960s. Designed by Mary and Joseph Merz (among BHB’s Top 10 Most Interesting People in 2011), the home was featured in a 1966 issue of Architectural Record and is landmarked, despite its more recent vintage.

Rieders says that typically, it’s the older “grand dames” of the Heights that tend to fetch the neighborhood’s highest prices, in the $10M to $12M range. The five-bedroom, five-bath home has double-height ceilings with skylights, a 1,500-square-foot great room with a slate burning fireplace, a glass penthouse with a Japanese soaking tub and a rear curtain on the living spaces and bedrooms “that brings light streaming into the house all day,” according to the listing.

See more photos in the sideshow at the Observer here. (Photo: New York Observer, via Corcoran)

Source: Brooklyn Heights Blog

From the Web

Real Estate

New Construction Townhome @ 314 Hicks Street On The Market For $4.6M (-$1.6M)

June 5, 2012

The five-level new construction townhome at 314 Hicks Street and State, which hit the market in January for $6.2 million before completion, is now listed with Corcoran for a somewhat more palpable $4.6 million.

The red brick townhouse (including garden level) was one story from topping out back in January, and now is getting its finishing touches for summer 2012. The listing notes: “The perfect marriage of traditional brownstone architecture and triple mint new construction. This unique new home is the first new landmark townhouse to be built in Brooklyn Heights in decades.”

Inside: a garden level eat-in kitchen and family room, which leads through French doors to a private yard and parking. On the Parlor level are a butler’s pantry, living and dining areas, storage, powder room and gas fireplace. The master bedroom floor has a large walk through closet, en-suite 5-piece carrera bath with polished nickel finishes, plus a den or 5th bedroom. The top floor has 3 bedrooms and 2 baths plus laundry. Also, a finished basement, elevator and central air.

Landmarks approved the design for the new building in 2007, but construction didn’t begin until 2011. Developers Gordon Kahn, Bilotta Kitchens and ZMK Group also renovated the townhouse next door at 45 State Street, which sold it for a cool $3 million. The two lots were purchased for $10.5 million.

Below: In January (photo: Chuck Taylor)

Source: Brooklyn Heights Blog

From the Web

Landmark Preservation, Real Estate

94 Hicks Street Hits The Market For $8.5 Million

May 28, 2012

A five-story, 5,500-square-foot townhouse at 94 Hicks Street in North Brooklyn Heights (between Orange and Pineapple streets) has just been listed by Corcoran for a luxe $8.5 million. The building is currently configured as five free-market apartments.

Corcoran suggests: “Combine the units to create a single family masterpiece or maintain one or more of the units for guests, family or income.” The whole kit and kaboodle is 21-feet wide on a 25′X100′ lot, with a side yard entrance leading to a landscaped backyard. (See interior photos below.)

The home was built in 1868 in the “Second Empire” style, with original detail, high ceilings and elegant proportions throughout, the listing says, while the garden and parlor floors have large windows on three sides. A grand staircase leads to the roof, where there are views of the Brooklyn and Manhattan Bridges.

See more photos and the property’s floorplan here.

Source: Brooklyn Heights Blog

From the Web