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

Park Slope mansion may be split into seven units

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
Greystone Development CEO Thomas Ryan and an image of the project (Courtesy of James Hooker, Greystone)

Greystone eyes $40M-plus for Park Slope luxury apartments

Greystone eyes $40M-plus for Park Slope luxury apartments
Manhattan Institute’s Kay Hymowitz and Bronx Community Board 6 district manager John Sanchez

Is gentrification a blessing or a curse? New Yorkers discuss

Is gentrification a blessing or a curse? New Yorkers discuss
Carroll Gardens and Flatbush in Brooklyn (Photos by Steven Pisano via Flickr; Mrbrklyn via Wikipedia; iStock)

Brooklyn’s most and least expensive neighborhoods

Brooklyn’s most and least expensive neighborhoods
613 Baltic Street with JDS Development's Michael Stern and Largo's Nissim Ben-Nun and Nicholas Werner (Getty, BHS)

JDS accused of inflating costs at Park Slope condo project

JDS accused of inflating costs at Park Slope condo project
314 Hicks Street and 200 Berkeley Place in Brooklyn (Google Maps; Corcoran)

Brooklyn luxury market has best week since Covid began

Brooklyn luxury market has best week since Covid began
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
arrow_forward_ios

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

Loading...