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A New Record-breaking Brooklyn Heights Penthouse Is On Its Way

A six-bedroom penthouse situated atop the Standish could become the most expensive residential sale in Brooklyn.

By Team Agorafy September 14, 2017

The time has come! And according to the Wall Street Journal (WSJ),  a modern six-bedroom penthouse situated at the top of the former Standish Arms Hotel in Brooklyn Heights, now known as The Standish, is on its way to become the most expensive real estate sale in Brooklyn. Wondering about the asking price? $16.645 million.

If everything goes well, the sale would beat the Cobble Hill townhouse at 177 Pacific Street, which was sold for sold for $15.5 million in 2015.  The WSJ reported that Matt Damon is the buyer. Furthermore, the actor is already in contract to buy the Brooklyn Heights penthouse. In 2016, Damon tried to buy the 3 Pierrepont Place. The brownstone mansion was on the market for $40 million, but at the end, the a deal never materialized.

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The penthouse is 6,218 square feet. With the current asking price, the price per square foot is $2,677. The classic pre-war Beaux-Arts, 12-story building, has 33 units total and the projected sellout is $120 million.

The penthouse at the Standish is a mash up of three other units and comes with its own private outdoor space. Other amenities in the building, include a fitness center and a kid’s playroom.

A little bit of history

The former Standish Arms Hotel was built in 1903 and designed by F. S. Lowe. It was originally called the Standish Arms. Since then its conception, the property has had many lives. It was a hotel in the early twentieth century. During the eighties, the property was bought by Jehovah’s Witnesses (1981). The religious group turned it into housing, but then sold it in 2007 to Taurus Investment Holdings. The company turned the building into luxury rentals.

Related: What Happens When Amazon Decides To Find A New Home For Its HQ2?

In 2016, developer DDG, in collaboration with the design firm, Westbrook Partners, decided to transform it once again into luxury condos. They purchased the building for $60 million. Sales at The Standish launched in September 2016, with condos starting at $1.29 million.

As a side note, The Standish is the same building that was the fictional home of Superman’s alter ego Clark Kent. In the Superman comic book, Kent lived in apartment 5H at The Standish Arms Hotel in Metropolis, where his iconic suit was stolen by the Rope Burglar. The hotel was also mentioned in Arthur Miller’s “Death of a Salesman.”

Team Agorafy

ABOUT THE AUTHOR Team Agorafy

ABOUT THE AUTHOR Team Agorafy

Our mission is to be the most accurate resource for commercial listings, residential listings, and property information, allowing users to make highly-informed decisions based on current market data.

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