20-Unit Brooklyn Heights Apartment Building Hits the Market As a $22M Mega-Mansion

Posted On Fri, April 15, 2016 By

Posted On Fri, April 15, 2016 By In Brooklyn Heights, Cool Listings

Photo by Rich Caplan

If 2015 was the year of the nine-figure condo sale, 2016 may be the year of the makeshift mega-mansion. From Roman Abramovich’s troubled attempt to combine three Upper East Side townhouses to a $50 million Tribeca spread with 18 toilets, wealthy New Yorkers are going to great lengths to create their dream homes. The latest over-the-top offering is in Brooklyn Heights, where a five-story, 20-unit rental building just hit the market as a $22 million single-family residence.

As noted by the Wall Street Journal, the building at 50 Orange Street just sold in January for $13.5 million to Benchmark Real Estate Group, who quickly hired Lee Stahl of design/build firm The Renovated Home to draw up plans for how it could be converted to a single-family dwelling. These plans include four bedrooms (only four?), a gym, an 800-bottle wine cellar, and a roof terrace and would cost an additional $10.6 million to complete over a 16-month period.

50 orange street, Brooklyn Heights, makeshift mansion, Brooklyn mansion
50 Orange Street via Corcoran

There are a few minor issues, however. As Curbed noted, “Apartments in the building were rented out as recently as August… The building is also situated firmly within the Brooklyn Heights Historic District, and therefore any changes would have to go before the LPC.” Despite the tenants in place, listing agent Ryant Serhant of Nest Seekers International (and “Million Dollar Listing”) said the 14,500-square-foot building will be delivered vacant.

[Via WSJ]


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Neighborhoods : Brooklyn Heights



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