One of Kushner Companies’ Brooklyn Heights mansions is back, seeks $12M

The home first hit the market in 2016 asking $13.75 million

Back in 2014, Kushner Companies (at the time still helmed by Jared Kushner) scooped up six former Brooklyn Law School buildings in Brooklyn Heights, with the goal of transforming them into housing—three became market-rate rentals (one of which is now at the center of a lawsuit over rent stabilization), and three were earmarked for pricey single-family homes.

More than three years later, only one of those townhouses, located at 27 Monroe Place, has sold; the others—100 Pierrepont Street, and 38 Monroe Place—are still searching for buyers. And as of this week, the latter is back on the market after a brief respite, asking just under $12 million—a slight decrease from its original asking price of $13.75 million.

Like the other two homes, this one was gut-renovated by Jose Ramirez, who transformed the 19th-century structure into “an elegant home that offers palatial space, classic contemporary style, and modern luxury” (according to the brokerbabble, that is). It spans 7,260 square feet, with five bedrooms, six bathrooms, three separate outdoor spaces, and more.

The house was previously unfinished, but now, photos offer a look at the full renovation. Previously, the broker representing the property, Compass’s Ravi Kantha, told the Wall Street Journal that “it’s very difficult to sell a newly renovated townhouse before the renovation is complete.”

Now, with the finished product—and the price chop—it remains to be seen if the home will finally find a buyer. (The Pierrepont Street house is also still up for grabs—it’s slightly smaller, and asking $9.5 million.)

Source: FS – Real Estate
One of Kushner Companies’ Brooklyn Heights mansions is back, seeks M