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Residential
New York

Brooklyn’s most expensive property now up for rent

Home at 3 Pierrepont Place has been on the market for nearly 2 years

3 Pierrepont Place in Brooklyn Heights
3 Pierrepont Place in Brooklyn Heights

The owner of Brooklyn’s most expensive listing — a house asking $40 million — is changing tack. 

The 17,500-square-foot mansion at 3 Pierrepont Place was first listed back in February 2015, and has been sitting on the market ever since. It’s now no longer for sale, Curbed reported, and is being offered as four rental apartments listed between $4,500 and $12,000 a month.

pierrepont-5

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Built in the 1850s, the home is currently divided into eight separate apartments, and features 16 bathrooms, nine fireplaces and a grand central staircase beneath a large skylight. Matt Damon reportedly inspected the property in September. .

The unnamed owner has decided to keep the home as an investment property, Corcoran broker Vicki Negron told Curbed. Unlike many properties in the city’s over-$10 million market, there’s been no reductions in the asking price.

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However, renting the property may also not be easy. New York City landlords are increasingly offering concessions to renters in order to fill vacancies at their properties. That’s expected to continue in 2017, with a flood of luxury apartments hitting the market this year. [Curbed] — Miriam Hall