Gravesend Sales Price Falls Just Short of Brooklyn Record

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Anyone who read the recent Times Magazine article about the incredibly close-knit and financially successful community of Syrian Jews in Gravesend may not be all that surprised to learn that one of its business leaders just sold his 7,526-square-foot house for $10 million. The seller was Joseph Cayre, founder of Midtown Equities and a former Latin music producer; the buyer was an LLC. While the $10 million number falls short of the $10.75 million paid for 140 Columbia Heights, it continues a trend of sky-high prices in the South Brooklyn neighborhood: Five out of the nine highest sales prices ever recorded in Brooklyn have been in Gravesend.
Developer sells Brooklyn home for $10M [The Real Deal] GMAP P*Shark
Photo by Nicholas Strini for PropertyShark

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