The Real Deal New York

Cobble Hill townhouse to hit market with $16M price tag

Property would snag the spot for the most expensive in the borough
By Katherine Clarke | October 24, 2013 02:47PM

A couple of Park Slope townhouse listings are battling to set a new record price for a Brooklyn single-family home and now, a new listing in Cobble Hill totaling more than 10,000 square feet is slated to get in on the action.

The property, at 177 Pacific Street between Court and Clinton streets, is set to come on the market today asking around $16 million, The Real Deal has learned. That’s $4 million more than the current Brooklyn record, which was set by a Brooklyn Heights property at 70 Willow Street in 2012.

Douglas Elliman’s Alexander Maroni and Bren Salamon, both of the firm’s Carroll Gardens office, have the listing.

Maroni called the property “the most exquisite renovation project” he’d ever seen in Brooklyn. “Getting 10,000 square feet in brownstone Brooklyn is virtually impossible,” he said. “On a price per square foot basis, [$16 million] is high, but it’s not unheard of high. It should be a record breaker.”

Other Brooklyn homes with potentially record-breaking price tags include a Federal-style townhouse at 104 Willow Street asking $12 million, the 50-foot-wide Tracy Mansion at 105 Eighth Avenue asking $15 million and a seven-bedroom property at 45 Montgomery Place asking $14 million.

The Tracy Mansion originally asked $25 million but later dropped its price.

The four-story carriage house on Pacific Street has four interior parking spots and amenities such as a 20-person movie theater, a gym, a wine cellar and bar, a 2,600-square-foot roof garden, and an outdoor kitchen and elevator.

There are six bedrooms and nine bathrooms as well as a 60-foot atrium, according to the listing.

The home is owned by 177 Realty Corp., a company with an address on Victory Boulevard in Staten Island. The company appears to have purchased the property for just $1.5 million in 2011, property records show, but Maroni said that figure was inaccurate. The resident’s identity was not clear, and Maroni declined to comment other than to say that the seller was New York-based and had spent close to $5 million renovating the property.

“He customized this house for himself to live in,” Maroni said, “but then decided he was willing to sell it.”

The Willow Street property was once home to famed writer Truman Capote.

  • Really?

    Really, 16 million dollars for this crap?!?! wow!!! you can buy a mansion in westchester, a condo in south beach and a brand new ferrari all under 16 million… some people are just retarded!!!

    • I agree…i never understood the NYC real estate market. So expensive, yet so ugly…who wants to live in a crummy old building, congested city.

      CA, FL, WA, are much lovlier options…your own mansion. w/ a beach front or mountain view.

  • JJ

    I just walked by this building. It’s a wreck, they are using a rendering. Bizarre.

  • AnneeZ

    Renovations are personal and subjective to taste. And $1600/foot for Cobble Hill and its poor train accessibility doesn’t make sense to me personally. 70 Willow yes.

  • Wowed

    Give me Truman house or 40 willow place anyday over this. Those houses were the two priciest houses in brooklyn before prices went crazy and they are both huge, utterly unique, and in Brooklyn Heights where it is actually nice, right next to manhattan, and there is no zoning risk of skyscrapers built next to you. Truman has old world charm and huge space. 40 willow is 50 feet wide and an architectural gem. Both these places, long regarded as two of the best in Brooklyn, sold for a heck of a lot less per square foot a year ago. Has the market really come that far that fast? If you pick the gems of last year, you will understand that the market has gone nuts and is no longer differentiating in its fervor. Granted the space for 177 is great — but the pricing is mind blowing.