Born from old Brooklyn Law School residences, the under-construction townhouses at 100 Pierrepont Street and 38 Monroe Place have just hit the market for $11 million and $13 million, respectively. They're being developed by Kushner Companies, which picked up six former BLS buildings in April and already converted the three larger buildings into market rate rentals. The remaining three properties are all in the process of being transformed into single-family mansions (the third house, at 27 Monroe Place, is not yet on the market, but it will be the largest and most expensive of the batch, asking around $16 million). Kushner tapped architect Jose L. Ramirez to design the homes, which will be complete by September 2015. The team sent along renderings, but they point out that there are "opportunities for customization for early buyers" since construction is just starting.
[100 Pierrepont Street]
Both 100 Pierrepont and 38 Monroe rise five stories, but the former measures 5,610 square feet, while the latter clocks in at 6,340 square feet. When complete, they'll have finished basements, cellars with laundry rooms, rooftop decks, elevators, and private backyards. Both have five bedrooms and classic layouts, with an entertaining level with a formal dining room and wine cellar.
[38 Monroe Place]
It will be interesting to see how these properties do on the market. New townhouses in Brooklyn are all the rage, and usually sell quickly, but these are priced significantly higher than most. A glance at the list of the top 15 most expensive homes in Brooklyn shows that houses with eight-figure price tags tend to sit on the market for awhileeven those in coveted neighborhoods like Brooklyn Heights. Brooklyn is hot, but it's still not Manhattan (though often expensive houses there have some struggles, too).
· Former Student Housing to Become Single-Family Mansions [Curbed]
· Listing: 100 Pierrepont Street [Corcoran]
· Listing: 38 Monroe Place [Sotheby's]