The Real Deal New York

Brooklyn’s most valuable home finds buyer

February 19, 2013 03:00PM

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40 Willow Street in Brooklyn Heights

Brooklyn’s most valuable home – the single-family residence with the highest tax assessment in the borough – has found a buyer for the second time in less than a year, Curbed reported.

The townhouse, at 40 Willow Place, is in contract to an unknown buyer after hitting the market in July asking $7.95 million. It was listed by Deborah Rieders of the Corcoran Group. The property has a city tax assessment of $6.14 million, it was previously reported.

Owners Charles Brian and Elizabeth O’Kelley purchased the home for $7.35 million last August and listed it for sale again shortly after. The identity of the buyer was not immediately clear.

Brooklyn Heights has long been known for its record townhouse sales. A Brooklyn Heights mansion where Truman Capote once lived sold in 2011 for $12.5 million, setting the record for a single-family residence in the borough. [Curbed]Katherine Clarke

  • Jennie Watson

    Is the highest tax the biggest reason for their sale of the townhouse?

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