$4,300,000
Updated 4 years ago
Off Market

1 Willow Place

Brooklyn Heights, Brooklyn | Joralemon Street & State Street

8 Rooms6 Beds8 Baths3,375 Square FeetIncome Property

$4,300,000
floors / apts4 / 9
Lot Size14'8"x67'8"
ZoneR6
Building TypeTownhouse
RE Taxes$26,450
Price Per SF
$1,274

Outdoor space and views

  • City Views

Building Amenities

  • Voice Intercom
  • Roof Deck

Property Description for 1 Willow Place

NOT YOUR ORDINARY TOWNHOUSE LISTING. Please read carefully! THE OPPORTUNITY: Dreaming of owning a custom home but not interested in the heavy lifting (time, money & aggravation) associated with securing NYC Department of Buildings and Landmarks approvals for improving townhomes in Brooklyn Heights? If your answer is YES, then this is the PERFECT opportunity for you! THE DEAL: 1 Willow Place is currently a vacant 7-unit multi-family rental property. The owner/developer is in the process of obtaining approvals from the relevant City agencies to convert the property in to a spacious, airy and bright single-family home. If the owner does not receive an offer that is compelling enough they will carry out the project once approvals and permits have been secured. ASKING PRICE: The current asking price includes the property 'as is' and the approvals from the relevant City agencies. It is not the price the owner will ask once the project is complete. THE PLAN: If the owner does not receive an offer compelling enough to exit the project then they plan to carryout what will certainly be a magnificent top to bottom gut renovation. *See renderings* The fully rebuilt 3,375 square foot 5-bedroom, 6-bathroom single-family home will be flooded with natural light from 37 divided-light windows arrayed across three exposures. Center stair configuration and high ceilings results in generously proportioned rooms on all floors. Large skylight located above the center staircase floods the interior of the home with natural light, a rarity in modern Brooklyn townhomes. The south facing rear wall provides view of landscaped rear garden and a tranquil urban vista looking down Willow Place. The roof deck puts you high above the adjacent homes with clear views of Brooklyn Bridge Park, the East River and lower Manhattan. We are happy to share the proposed plans with you, tour the existing property and answer any questions you may have. Don't hesitate to reach out! *all images are virtual renderings

Listing History for 1 Willow Place

Now
08/25/2022
TOM by Donald P. Brennan
Engel & Volkers
07/21/2022
$4,300,000 [-$600,000] [12.2%]
Price Drop by Donald P. Brennan
Engel & Volkers

Building Details for 1 Willow Place

OwnershipIncome Property
Building TypeTownhouse
Service LevelVoice Intercom
AgePre-War
AccessWalk-up
Year Built1908
Floors/Apts4/9
Learn More About the Building

Transit and Citi Bike

Subway

Court St
0.3 miles
Clark St
0.37 miles
Borough Hall
0.39 miles

Citi Bike

Montague St & Hicks St
0.15 miles
Henry St & Remsen St
0.16 miles

Ferry

Atlantic Ave/BBP Pier 6
0.25 miles

Contact Agents

Contact Agents

Donald Brennan
Engel & Volkers
Peyton Yen
Engel & Volkers

Brooklyn Heights | Brooklyn

Quick Profile

Brooklyn Heights was Manhattan’s first suburb. The Brooklyn Bridge is a neighborhood draw, offering some of the most beautiful views of the Manhattan skyline, as well as an easily walkable means of commuting into the City. Montague Street has been the main commercial street in Brooklyn Heights since the 1800s, but it is not overly commercialized. Smaller shops help maintain the small neighborhood feel of Brooklyn Heights.

The quaint cobblestoned side streets highlight the historic feel to this lovely, vibrant neighborhood that is filled with exciting and innovative restaurants, stores that have those perfect home decor items, that little black dress you love, and your favorite dry cleaner is right around the corner. Brooklyn Heights is your perfect city within the City.

There are apartments, condos, and co-ops that resulted from the conversion of pre-war residential hotels. The townhouses in Brooklyn Heights are often five stories, instead of the three stories found elsewhere. You’ll also find row houses and stunning single family mansions. Due to the three protected historic districts, opportunities for new construction are limited, and the appearance of the neighborhood seems frozen in the era when these buildings were originally constructed.

Renowned public and private schools make the neighborhood attractive to young families with school-age children. The neighborhood is generally “kid-friendly,” with parks, playgrounds, and quiet streets where kids can still play safely.

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 81081TH