Huge Prospect Heights Loft with 30-Foot Ceilings, Home Movie Theater Asks $5.299 Million

This huge two-bedroom loft condo, in the Newswalk building at 535 Dean Street in Prospect Heights, has a number of distinctive features, none more notable than its private movie theater.

This is not one of those deals where a flipper sticks a projector in a finished basement and calls it a “screening room.” The condo is (or recently was) owned by high-end home-theater designer Theo Kalomirakis, who masterminded this mini theater for his own use, with tiered leather seating and a screening system that “rivals the performance of even the most sophisticated commercial movie theaters.” (There’s a write-up here from the AVS Forum about the 2014 unveiling of Kalomirakis’s “cinema sanctuary.”)

It’s even got a name — Roxy 2.0 — and an entrance that looks like it leads to a swanky nightclub, reached by walking through a DVD library with thousands of titles. (Or room for them, anyway. Presumably the discs don’t come with the apartment.)

Other features worth noting include a massive living space with 30-foot ceilings, a sleek kitchen with a big wraparound counter in black stone, and a 3,000-square-foot private garden. There’s also a 2,000-square-foot private terrace on the roof.

The bedrooms — or “sleeping areas,” as the listing aptly calls them — rank relatively low on the spectacularity scale. They’re open, in true loft style, and modest in size. There’s also an office.

There’s a ton of storage space, and a washer-dryer. The building offers a ’round-the-clock concierge, fitness center, bike storage, communal roof deck with a kids’ playground, valet parking and Zipcars onsite.

Listed by Deepak Hemrajani of Douglas Elliman, the unit hit the market in January at $5.9 million; last month it was reduced to the current ask, $5.299 million. Monthly maintenance is $1,820.

So, one exceptionally well-heeled home-theater lover is called for. Think one will step up at that price?

[Listing: 535 Dean Street #PH101 | Broker: Douglas Elliman] GMAP

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