Goldman Sachs executive finds buyer for $5M Brooklyn Heights townhouse

TRD New York /
May.May 15, 2012 02:30 PM

After close to 18 months on the market and two price cuts, Goldman Sachs managing director Daniel Shefter’s 22-foot-wide Brooklyn townhouse has finally found a buyer. Despite a slow start, and a short time off the market last year, the Brooklyn Heights home sold for $50,000 over the final asking price of $4.95 million, according to listing broker Alain Azaria of Dalazar Private Real Estate.

As The Real Deal previously reported, Shefter and wife Lucyna put the home, at 26 Garden Place, on the market in December 2010 for $5.55 million after they moved to Scardale to have more space for their children. City records show they purchased it in 2007 for $4.9 million.

“At the time [we cut the price,] nothing was happening, but once we decided to put it on the market with a price reduction, it all started happening at once,” Azaria said. “We had five parties interested and three bids over ask.”

The 4,500-square-foot neoclassical townhouse, with seven bedrooms and five bathrooms, is on an “exclusive block” mostly occupied by people in the financial services industry, Azaria said at the time of the listing coming online. While it features original moldings, it has modern conveniences, such as a floor-heating system. It also has a 420-square-foot garden.

The buyer was represented by Kenneth Mandelbaum, an associate broker at Brown Harris Stevens. While Mandelbaum declined to provide the identity of the buyer, he said the Tribeca-based purchasers had been motivated by being closer to Saint Ann’s school, where their child is scheduled to attend classes in the fall.

Mandelbaum also noted that bidding wars have been common in Brooklyn Heights and Cobble Hill of late.

“I’ve been in three this year,” he said. “Single-family homes [in these neighborhoods] are few and far between, especially those in mint condition.”

Shefter was named managing director at Goldman in 2002. He is renowned for his skill in the design and architecture of complex securities, according to news reports.

While a $5 million sale is pricey from Brooklyn, it does not come near breaking any neighborhood records. The Brooklyn Heights home at 70 Willow Street where Truman Capote lived and wrote “Breakfast at Tiffany’s” sold for $12 million in March, breaking the previous record of $11 million set by a townhouse at 212 Columbia Heights in January.

Mandelbaum is currently making his attempt to enter the Brooklyn Heights record books. He is currently listing a townhouse down the street at 36 Garden Place for $10 million, which, if sold for ask, would be the third priciest listing to sell in the neighborhood.


Related Articles

arrow_forward_ios
(Image by Wolfgang & Hite via Dezeen)

Hudson Yards megadevelopment inspires a new line of sex toys

Cammeby's International Group founder Rubin Schron and, from top: 194-05 67th Avenue, 189-15 73rd Avenue and 64-05 186th Lane (Credit: Google Maps)

Ruby Schron lands $500M refi for sprawling Queens apartment portfolio

Wendy Silverstein (Credit: Getty Images)

Wendy Silverstein, co-head of WeWork’s real-estate fund, is out

45-10 19th Avenue in Long Island City (Credit: Google Maps)

Broadway Stages plans another LIC film studio

Firefighters work to extinguish a fire as a building burns after an explosion on 2nd Avenue in March 26, 2015 (Credit: Getty Images)

$24K in rent set in motion the fatal 2015 East Village blast. Prison now looms for the landlord and contractors

CEO and chairman of Bank OZK, George Gleason

Condo lender Bank OZK reports lower profits in Q4

From left: Deputy Mayor of Housing and Economic Development Vicki Been, Sen. Brian Kavanagh (inset), Brooklyn Borough President Eric Adams, State Division of Homes and Community Renewal Commissioner Ruthanne Visnauskas (inset), Council member Keith Powers, with Governor Andrew Cuomo and Mayor Bill de Blasio (background) (Credit: Anuja Shakya, Getty Images)

Politico shows and no-shows: What public officials attended the REBNY gala?

The sites at 1900 Shore Parkway, 1894 Shore Parkway along Bay 41st Street in Gravesend (Credit: Google Maps)

Abraham Fructhandler’s FBE buys South Brooklyn sites for $54M

arrow_forward_ios
Loading...