NBA player Dennis Schröder is renting a sprawling pad in Red Hook for $40,000 a month with the option to buy, The Real Deal has learned.
The six-bedroom home at 440 Van Brunt Street is not on the market, but a source familiar with the agreement told TRD that the asking price was $14 million — the same price noted in a 2021 Robb Report article about a previous listing.
If Schröder opts to buy at anywhere near that price, it would set a record for the neighborhood, where the most expensive sale has been $4.58 million for a Beard Street townhouse in January 2023. The same home also broke the neighborhood record when it sold for $4.35 million in 2019.
The Van Brunt Street residence, which spans three floors and runs entirely on solar power, last traded for $1.7 million in 2013, according to public records. It features a private garage, pool and terrace.
Eric Sidman of Compass’ Hudson Advisory Team, who represents the seller, confirmed that an NBA player is renting the house but declined to name the player or discuss terms of the lease.
The Hudson Advisory Team’s Bobby Larrea and Stephen Ferrara are also representing the seller. Compass’ Terrence Harding is representing Schröder, who is in the final year of his contract and will earn $13.4 million this season.
Whether the rebuilding Nets keep Schröder is the subject of much speculation among NBA observers, with some suggesting the team could trade him although he may well start over the oft-injured Ben Simmons, whose contract also expires after this season. Although the Nets are perhaps years from contending, Schröder, 31, told reporters last month that he hoped to stay with the Nets “long term.”
“I want to be a veteran who shows the young people the way and how we should play and how we play as a team,” Schröder told Andscape. “I want to make one team like we had in Atlanta where it was about just winning and really not [caring] who scores.”
He played for the Hawks from 2013 to 2018 and then four years with Oklahoma City Thunder, but has since bounced around to five other teams.
The NBA’s regular season begins on Oct. 22.
Schröder joined the Nets earlier this year when the team traded Spencer Dinwiddie for him and Toronto Raptor teammate Thaddeus Young. Schröder had signed a two-year contract with Toronto worth $26 million.
Schröder played professional basketball in Germany for three years before moving to the NBA in 2013. In 2021, after a year with the Los Angeles Lakers, Schröder famously turned down a four-year, $84 million extension, a decision he came to regret.
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This summer, he competed in the Paris Olympics as a member of Germany’s national team.
Schröder’s potential home purchase follows news that Simmons offloaded his Hidden Hills mansion in California at auction for $12.1 million, more than $5 million below the price he paid for it in 2021.