70 Willow Street: Brooklyn's Most Expensive Rental?

If you're looking to drop half a mil a year on rent, have we got the place for you! Okay, actually, Sotheby's has the place for you, but whatever. The historic and storied house (Truman Capote once hung his scarf in the ground-floor apartment) at 70 Willow Street in Brooklyn Heights is now on the market as a rental for $40,000 a month. The 1939 Greek Revival home is on an extra-wide lot and boasts a prize-winning garden. (We published photos of its window boxes back in June of 2005.) We were particularly jazzed by the back porch. Imagine the lazy summer afternoons out there. Can anyone think of a more expensive residential rental to have come on the market in recent memory?
70 Willow Street [Sotheby's International] GMAP
Flower Box Award for a Double-Wide [Brownstoner]

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I'm pretty sure the current owners of the house are the Calloway family -- as in Calloway golf clubs -- makers of the "Big Bertha".

Posted by: Peter at March 5, 2007 11:24 AM

$40K/month? what's the point? that's just silly. you can buy any property you want for that type of scratch.

Posted by: Anonymous at March 5, 2007 12:37 PM

What a house if i had the cash i would do it , simply beautiful .

Posted by: Anonymous at March 5, 2007 12:42 PM

That price makes sense for some who a) can afford it, b) would have bought that kind of house c) does not want the hassle of home ownership, ie. will only be in NYC for a year or two. Think executive on a short term assignment.

Posted by: Anonymous at March 5, 2007 1:11 PM

or a movie star on location.

Posted by: Anonymous at March 5, 2007 1:16 PM

"Think executive on a short term assignment."

ok, good point.

Posted by: Anonymous at March 5, 2007 1:52 PM

or an absolute idiot with money to burn.

Posted by: ben at March 5, 2007 2:59 PM

Sadly, there is an increasing segment of our population who does have money to burn - and they are not idiots. Think about it, if you made $50 million in one year $40k a month or a year or so would be spare change, plus you get to live in one very nice house!

Posted by: Anonymous at March 5, 2007 3:52 PM

If this house were for sale $40,000 a month would result in a purchase price of approx $8million (assuming 20% down). Do people think this house is worth $8million?

Posted by: Anonymous at March 5, 2007 4:04 PM

I assume the house was built in 1839, not 1939 as you stated.

Posted by: Whitbo at March 5, 2007 4:44 PM

From brooklynheightsblog: One of the largest remaining Greek Revival style houses in New York, its original occupant was a prominent attorney. When it was the home of 8 time Tony Award winning scenic designer Oliver Smith, Truman Capote lived here in the basement apartment. The author wrote his masterworks Breakfast at Tiffany's and In Cold Blood there as well as his short story about the neighborhood, A House on the Heights.

Posted by: Rascal at March 5, 2007 7:56 PM

OK, here I come. I'll live there for a couple of months, while I contemplate how to spend the rest of my Mega lotto winnings.

Posted by: donatella at March 6, 2007 7:29 AM

yeah, I still think someone who pays it is an idiot regardless of how much money they make. When someone pays this much to rent it sets a precedent and influences the market. This is the problem with the market in general and the reason why the city is no longer affordable for the not very rich. I think people justify this kind of nonsense because they like the idea of living within the proximity to someplace that would fetch this much money. It's VULGAR, period.

Posted by: ben at March 6, 2007 9:10 AM

That is really expensive. It's only for the rich and famous. You might want to visit this site to see more very expensive houses like this. Thanks.

http://most-expensive-real-estate.blogspot.com/

Posted by: Most Expensive Real Estate at March 12, 2007 1:37 AM

Callaway as in Madonna's Publisher

Posted by: 70willow at March 23, 2007 6:14 PM

Everyone here is just jealous because some people can actually afford to live in a nice house which they spend alot of money for.Sadly we live in a world like that.Yoursnot rich dont be jealous and dont take it out on the owners because you should work u your $ and maybe one day your house will be a 70 willow

Posted by: 70willow at May 1, 2007 9:11 PM

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March 5, 2007

70 Willow Street: Brooklyn's Most Expensive Rental?

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