45 Montgomery Sets 1-Family Record for Slope

house It took some time (almost a year) and a sizeable price reduction (over $1 million) but 45 Montgomery Place has finally sold. The tip we got said that the price was somewhere north of $6 million (compared to the initial asking price of $7.5 million), though nothing has shown up yet in the public records. If this is the case, we're pretty sure this sets a single family townhouse record for Park Slope, topping last year's Safran Foer transaction. According to the post we wrote last November, the 31-footer at 45 Montgomery Place has over 7,000 square feet of space with oval rooms that have rounded doors and radiators, a grand center staircase, multiple original fireplaces. Yum.
House of the Day: $7.5 Million in the Slope [Brownstoner] GMAP
UPDATE: 45 Montgomery Mystery Solved! [The Real Estate]

Comments

At over $850 a square foot, this house seems expensive. The buyer must have really wanted Park Slope and Montgomery Place.

I saw the house and it was beautiful. It was a one of a kind. This is the kind of house that would be $25MM in Manhattan and it's on one of the best blocks in NYC (according to New York magazine)

The record sale for a townhouse in Manhattan occurred recently also. I think it was over $50MM. Where do these people get the cash?

Posted by: Anonymous at October 26, 2006 10:00 AM

This is one of the most beautiful blocks anywhere. $850 a sq foot seems cheap compared to the prices people are paying for new development in DUMBO, etc.

Posted by: Anonymous at October 26, 2006 10:16 AM

I thought the author couple paid more but I could be wrong.

Posted by: Anonymous at October 26, 2006 11:09 AM

The author paid 5.75MM. That was then a record for Park Slope.

Posted by: Anonymous at October 26, 2006 11:35 AM

I suspect that this buyer will end up looking like a financial genius within a few years. geez-maybe brooklyn really is the new manhattan.

what a beauty of a house. and why does $850 a square seem high for this level of quality and location? seems reasonable to me - its a truly incomparable home.

Posted by: Anonymous at October 26, 2006 11:38 AM

It just shows that amongst all of the turmoil that the rest of us are going through, the rich just keep plucking out the best assets. They'll be laughing at us when it becomes obvious that they have a generational jewel.

The smart money knows when to buy!

Posted by: Anonymous at October 26, 2006 11:44 AM

"I say it will sell for $4.475mm. Here's my dollar for the pool."
Anonymous at November 10, 2005 2:39 PM

Notice this was a post from 2005...

You just lost your bet, 2:39 PM. And not to rub it in, but you were pretty damn far off the mark! In a bubble market to boot!

Posted by: Anonymous at October 26, 2006 11:49 AM

The smart money knows WHAT to buy; when is always uncertain.

Posted by: Anonymous at October 26, 2006 3:49 PM

Don't count on it for selling at $6mil.... Wait for the public record..

Posted by: Anonymous at October 26, 2006 4:52 PM

For more of us middle class folk...we bought this summer and knew we might play the game if we wait and perhaps would do even better..BUT we still feel that this is the best time to buy if you are buying the right thing for you. You don't have to be rich to be smart. No bidding war, no high interest rates, no anxiety..Just long term gain.

Posted by: anon at October 27, 2006 8:18 AM

I remember when this house was on the market in '99 or 2000 for $3mm.

Posted by: Anonymous at October 27, 2006 12:12 PM

ok - so looks like $6.050m.

Posted by: Anonymous at October 27, 2006 12:15 PM

Would have been a great purchase back in '99 or 2000.

Seven years from now (in 2013)when this house sells for$12MM, we'll be talking about how we could have bought it for $6.05 MM back in 206.

Posted by: Torch at October 27, 2006 1:03 PM

Who is Gregory Bell?

Welcome to the neighborhood!

Posted by: Torch at October 27, 2006 11:18 PM