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.
©2008 Community News Group
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