Jonathan Safran Foer has sliced the price of his notable Boerum Hill townhouse, on the market since May, from $10.495 million to $8.65 million (hat tip to Curbed). That puts it well under the magic $10 million price point, a barrier, in Brooklyn, few properties seem able to overcome.
As longtime readers and Brooklyn residents will recall, 374 Pacific Street was a once glorious and rare Gothic Revival-style mansion that had been reduced to a shell through years of neglect. A developer bought it in 2010 for $1.335 million and massively overhauled it, making it into one of Brooklyn’s first high-end spec mansion flips, complete with herringbone floors. (For more in this vein, see 146 Willow Street and Kushner’s two Brooklyn Heights flips, 27 Monroe Place and 100 Pierrepont Street.)
Foer bought the Pacific Street digs in 2014 for $5.4 million after splitting with Nicole Krauss and, incidentally, put in some pretty fabulous custom cabinetry by Workstead, which we wrote up in the Insider.
Think the new price will get the deal done? Where could he be going next?
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