672 st marks avenue crown heights 122014

An unnamed private investor has snapped up a 27-foot-wide mansion at 672 St. Marks Avenue in Crown Heights for $2,900,000, beating the neighborhood record by nearly $800,000. The sale closed Tuesday, Corcoran agent Chris Cavorti confirmed. The original asking price was $2,999,000.

The Renaissance Revival limestone was built in 1895 and designed by architect Peter J. Lauritzen. It is divided into five units and needs work. As far as we know, the previous record holder was 760 Eastern Parkway, a two-family home on a 40-foot-wide lot that sold last month for $2,108,902.

BK to the Fullest was the first to write about the sale.

Crown Heights Losing Its Mind: 672 St. Marks Avenue [BK to the Fullest]
House of the Day: 672 St. Marks Avenue [Brownstoner]
Building of the Day: 670-672 St Marks Avenue [Brownstoner]
Photo by Corcoran

Update: The story has been updated. Dixon is NOT the buyer of the mansion, Cavorti just let us know. He misheard us when we asked him twice if Dixon was the buyer, he said. An unnamed private investor bought the property.


What's Your Take? Leave a Comment

  1. Crown Heights has topped out in my opinion, there are hardly any amenities within a short walking distance of the location on Bergen Street for an owner-occupier and with a 2.9 sale price of the townhouse setting a record, you would have to sell the apartments as a developer for about 750k to make your money back based on sale price ALONE. Not including renovation costs and costs of doing business.
    The portfolio would increase based on total value but can the developers resell them at a profit or rent them out with positive revenue? I think that is rather unlikely

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