Brooklyn Mansion Listed for $20.99 Million After Extensive Renovation
What Happened?
A Brooklyn Heights mansion, once deemed a 'derelict eyesore,' is back on the market for $20.99 million after a decade-long reconstruction. The 1852 mansion and its carriage house are being sold together.
Key points
- The mansion at 1 Monroe Place was sold for $1.25 million in 2010.
- The property underwent a decade-long reconstruction due to regulatory challenges and the pandemic.
- The mansion is listed for $14.99 million, while the carriage house is priced at $6 million.
- The restoration was completed by NV Design Architecture, using historic photographs for accuracy.
- The mansion features seven bedrooms, seven full bathrooms, and a chef’s kitchen with high-end appliances.
- The carriage house spans about 2,100 square feet and has three bedrooms and three and a half bathrooms.
Key insights
- The successful renovation could inspire similar projects in historic districts.
- The high asking price reflects the growing demand for luxury properties in Brooklyn.
- The restoration process emphasizes the importance of preserving historic architecture.
Why it matters
This listing highlights the transformation of a historic property, showcasing the challenges and successes of urban renovation.
Tags
Entities
Source
Times of India