Clinton Hill manse asks record $4.88M: PHOTOS

If sold at that price, the home would be the nabe’s most expensive sale – by more than $1M

TRD New York /
May.May 23, 2013 06:30 PM

It’s a trophy property if there ever was one. A stately mansion hit the market in the Clinton Hill area asking a whopping $4.88 million — a record, according to StreetEasy. Despite the home’s relative grandeur, the most eye-catching detail in the listing photos is a stack of the current owner’s trophies (no, not the recently-dead kind, the sort you win at youth soccer tournaments) piled in the library.

Notwithstanding the less-than-sleek feel of the listing photos, the sale would be the neighborhood’s priciest by more than $1 million if the sellers get their full asking price, according to a review of StreetEasy sales.

The home, built at 407 Vanderbilt Avenue in 2006 and modeled after a carriage house, is one of “only a handful” of new construction homes ever green-lit by the Landmarks Preservation Commission in a protected area, a representative for Douglas Elliman, which has the exclusive listing, told The Real Deal. The house intones the historic homes in the area, many of which date to the 1880s, the listing and previous coverage shows.

The most expensive single-family home to sell in the neighborhood so far was nearby 380 Clinton Avenue, which sold for $3.8 million in 2011, according to city records.

The Vanderbilt property is also by far the most expensive ever listed in Clinton Hill.

A Michael Bunton took title of the property, which was the Wall Street Journal’s “House of the day” yesterday, for $10 in 2001, according to city records.

Bunton spent about $1.5 million building the quasi-historic mansion, which the Journal called “an homage” to local buildings.

In 2007, the approximately 6,600-square-foot home hit the market asking $3.5 million, marketed by the Corcoran Group, according to reports. But no sale ever took place, per city records.

Now, Arina Yakobi of Elliman is marketing the four-story, three-bedroom, three-and-two-half-bathroom home, which boasts a media room, a garden, a heated garage, radiant heated floors and, for those for whom size matters, a width of 27 feet.

CORRECTION: A previous version of this story listed the square footage and the number of bedrooms incorrectly. The errors were due to factual inaccuracies in the listing and in previous reports.


Related Articles

arrow_forward_ios
John Giannone and Jac Credaroli (Credit: iStock)

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans

Two Elliman agents launch platform to provide renters, buyers and sellers up to $50K in unsecured loans
Jacob Sudhoff and Scott Durkin (Credit: Sudhoff Companies, Emily Assiran, iStock)

Douglas Elliman is coming to Texas

Douglas Elliman is coming to Texas
Douglas Elliman chairman Howard Lorber (Credit: Getty Images and iStock)

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax

Elliman’s revenue rose 18%, after sales frenzy to avoid New York’s new transfer tax
(iStock)

Manhattan apartment vacancy smashes 5% barrier

Manhattan apartment vacancy smashes 5% barrier
(iStock)

Suburban housing market surged in August while Manhattan trailed

Suburban housing market surged in August while Manhattan trailed
Douglas Elliman chairman Howard Lorber (Lorber by Chip Somodevilla/Getty Images; iStock)

Douglas Elliman’s New York revenues fall by half

Douglas Elliman’s New York revenues fall by half
In the Hamptons, the median sales price hit $1,080,000, up 9 percent over the first quarter (iStock)

Home prices set new records as inventory falls across Long Island

Home prices set new records as inventory falls across Long Island
David Simon and 625 Park Avenue (Getty, Google Maps)

Mall magnate David Simon lists Park Ave pad for $33M

Mall magnate David Simon lists Park Ave pad for $33M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...