Real Estate Brooklyn Heights

Heights penthouse set to break borough price record

August 30, 2017 By Paul Frangipane Brooklyn Daily Eagle
The old Standish Hotel at 171 Columbia Heights. Eagle file photo by Lore Croghan.
The old Standish Hotel at 171 Columbia Heights. Eagle file photo by Lore Croghan.
Share this:

The penthouse at the old Standish Hotel at 171 Columbia Heights is set to break Brooklyn’s price record of $15.5 million by more than a million dollars, according to The Real Deal.

The last asking price for the six-bedroom condominium with a 3,366-square-foot terrace was $16.645 million. The price works out to $2,677 per square foot for the space’s 6,218 square feet.

DDG and Westbrook bought the former hotel for $60 million in 2014 from Taurus Investment Holdings.

Subscribe to our newsletters

Taurus Investment Holdings transformed the hotel into 94 apartments after they scooped it up from the Jehovah’s Witnesses in 2007, The Real Deal reported.

DDG and Westbrook downsized it to 33 larger apartments.

The penthouse would break the $15.5-million record set by 117 Pacific St. in Cobble Hill, bought by photographer Jay Maisel in 2015.

Multiple deals came close to breaking the borough’s price record in 2017, including the penthouse at the Clock Tower in DUMBO that closed at $15 million and Kushner Companies’ 27 Monroe Place townhouse at $12.9 million.

The former Standish Arms Hotel operated as an open hotel until the Jehovah’s Witnesses bought it in 1981 and turned it into housing.


Leave a Comment

Related Articles

Leave a Comment