The Real Deal New York

This $40M mansion is Brooklyn’s priciest listing ever

Brooklyn Heights home shatters previous record of $32M condo that is still unsold
February 04, 2015 02:50PM

A Brooklyn Heights mansion slated to hit the market for $40 million is poised to smash the record for the borough’s most expensive residential listing. 

The roughly 17,500-square-foot Low Mansion, located at 3 Pierrepont Place, is currently divided into eight apartments. The home was built in the 1850s and contains 15 bedrooms, 16 bathrooms and more than 9,000 square feet of garden and outdoor space, the Wall Street Journal reported. Details include stone fireplaces, high ceilings and a grand staircase with a central skylight.

Vicki Negron of the Corcoran Group has the listing. The previous record for most expensive listing in Brooklyn was held by a $32 million One Brooklyn Bridge Park condo that is still on the market, according to Jonathan Miller, president of real estate appraisal firm Miller Samuel.

The Pierrepont building is currently occupied by tenants on short-term leases and could be sold empty, the current owner, Jeff Keil, told the newspaper. Keil is the former president of Republic New York Corp. and purchased the building for $2.3 million in 1991.

Average Brooklyn home sale prices reached a record high of $739,610 in 2014.

[WSJ] — Tess Hofmann