Sections

SOLD!

The Brooklyn Paper
Share on TwitterTweet
Share on Facebook
Subscribe

Get our stories in your inbox, free.

Like The Brooklyn Paper on Facebook.

Wall Street blues be damned!

A Brooklyn Heights home that sold for $10.8 million last month — the most expensive residential real-estate deal in Brooklyn Heights history — shows that there will always be a buyer for the best buildings on the priciest blocks, no matter what’s happening on The Street, according to real-estate experts.

“Certain properties and certain neighborhoods are less susceptible to economic downturns than others,” said James Cornell, a vice president at the mammoth Corcoran Group. “There are always properties in certain locations that retain their value, regardless of what the buyer reads in the paper that morning.”

Cornell said the blockbuster sale of 88 Remsen St. (pictured), a five-story mansion and its adjacent Grace Court Alley carriage house was “very much in line” with the equally jaw-dropping $10.75-million sale of a townhouse at 140 Columbia Heights at the peak of the market in 2006.

Sandra Dowling, principal broker and owner of Brooklyn Heights Real Estate on Montague Street, agreed.

“The higher end — million-dollar-plus — is still very strong,” she said.

It remains unclear who shelled out the big bucks to buy the 10,000-square-foot main house, which was built in 1838 and boasts “Greek Revival woodwork,” at least five fire places, and harbor views, as well as the carriage house, which includes a two-car garage.

Brown Harris Stevens, which represented the buyer, did not return repeated phone calls.

Today’s news:
Share on TwitterTweet
Share on Facebook
Subscribe

Get our stories in your inbox, free.

Like The Brooklyn Paper on Facebook.

Reader Feedback

Enter your comment below

By submitting this comment, you agree to the following terms:

You agree that you, and not BrooklynPaper.com or its affiliates, are fully responsible for the content that you post. You agree not to post any abusive, obscene, vulgar, slanderous, hateful, threatening or sexually-oriented material or any material that may violate applicable law; doing so may lead to the removal of your post and to your being permanently banned from posting to the site. You grant to BrooklynPaper.com the royalty-free, irrevocable, perpetual and fully sublicensable license to use, reproduce, modify, adapt, publish, translate, create derivative works from, distribute, perform and display such content in whole or in part world-wide and to incorporate it in other works in any form, media or technology now known or later developed.

First name
Last name
Your neighborhood
Email address
Daytime phone

Your letter must be signed and include all of the information requested above. (Only your name and neighborhood are published with the letter.) Letters should be as brief as possible; while they may discuss any topic of interest to our readers, priority will be given to letters that relate to stories covered by The Brooklyn Paper.

Letters will be edited at the sole discretion of the editor, may be published in whole or part in any media, and upon publication become the property of The Brooklyn Paper. The earlier in the week you send your letter, the better.

Don’t miss out!

Stay in touch with the stories people are talking about in your neighborhood:

Optional: Help us tailor our newsletters to you!