Tracy Mansion, once Brooklyn’s priciest single-family listing, set for conversion

Park Slope mansion may be split into seven units

TRD New York /
Apr.April 24, 2015 03:10 PM

It’s not the official residence of the mayor, but it does sound like it, and it does lie in Hizzoner’s neighborhood.

Tracy Mansion, once Brooklyn’s priciest single-family listing at $25 million, sold for a heavily-discounted $9.5 million last month. Now, the buyer, developer Ray Zagami of ZR Empire, wants to carve up the classic estate into seven residential units, according to new Department of Buildings filings.

Zagami has a long history of development in Park Slope, going back to at least the 1990s, when he and business partner Steve Raphael began buying pieces of the Ansonia Clock Factory and converting the building into condominiums.

When the Tracy Mansion was on the market, it drew interest from the likes of celebrity power couple Matthew Broderick and Sarah Jessica Parker, who were likely looking to turn the nearly 12,000-square-foot manse at 105 Eighth Avenue, which most recently served as a Montessori School, back into a tony Park Slope pad.

The now likely condo-bound neoclassical home was built for the Tracy family in 1912, the proprietors of M & J Tracy, a cargo and tugboat company that once operated in New York harbor. The home was then later owned by the Knights of Columbus before Anil Sinha bought it in 1969 for $95,000 and converted the home into the Montessori school that would operate for the next 40 years.

Leonard Colchamiro Architects, a design company that has worked on historical renovation and restoration projects such as the Bulova company headquarters and the Kehila Kedosha Janina synagogue on the Lower East Side, is the architect of record for Zagami’s project.


Related Articles

arrow_forward_ios
425 3rd Street in Brooklyn (Credit: Google Maps)

Hope springs ephemeral: Brooklyn luxe market retreats

Hope springs ephemeral: Brooklyn luxe market retreats
617 11th Street (Credit: Google Maps)

Brooklyn luxury market sees 3rd straight week with 4 contracts

Brooklyn luxury market sees 3rd straight week with 4 contracts
1 Pierrepont Street and 543 11th Street in Brooklyn (Credit: Google Maps)

Brooklyn luxury market sees four contracts signed for second week in a row

Brooklyn luxury market sees four contracts signed for second week in a row
Billy Macklowe (right) and David Welsh with renderings of 120 Fifth Avenue in Park Slope (Credit: Macklowe by Patrick McMullan/Patrick McMullan via Getty Images; Senlac Ridge Partners)

Billy Macklowe, David Welsh close on Brooklyn dev site buy

Billy Macklowe, David Welsh close on Brooklyn dev site buy
199 St. John’s Place and 188 Adelphi Street in Brooklyn (Credit: Google Maps and Knight Frank)

Five Brooklyn luxury homes sold in height of pandemic

Five Brooklyn luxury homes sold in height of pandemic
426 9th Street and 81 Pierrepont Street in Brooklyn (Credit: Google Maps)

Brooklyn’s luxury resi market sees deals plummet

Brooklyn’s luxury resi market sees deals plummet
1 John Street and 635 11th Street in Brooklyn (Credit: Google Maps)

Dumbo condo was Brooklyn’s priciest contract last week

Dumbo condo was Brooklyn’s priciest contract last week
106 Prospect Place and 488 13th Street in Brooklyn (Credit: Google Maps)

Park Slope townhouse was Brooklyn’s priciest contract last week

Park Slope townhouse was Brooklyn’s priciest contract last week
arrow_forward_ios

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

Loading...