Exclusive: Brooklyn Bar Association lists landmark Brooklyn Heights HQ for $12M
Ariel Property Advisors chosen to act as broker
Ariel Property Advisors has been exclusively retained to sell 123 Remsen St., a French Second Empire masterpiece in Brooklyn Heights for $12 million. Photo: Ariel Property Advisors
BROOKLYN HEIGHTS — Ariel Property Advisors has been chosen to exclusively handle the sale of 123 Remsen St., a French Second Empire masterpiece in the heart of Brooklyn Heights. Offered at $12 million, the property is marketed for sale for the first time in over a century, having served as the headquarters for the Brooklyn Bar Association since the early 1900s.
“While we have listed our building for sale, it does not affect our ongoing operations, meetings, programming or the current calendar of events,” said Christina Golkin, president of the Brooklyn Bar Association.
While putting the historic building on the market was alarming to many neighbors, Golkin noted, “Our goal regarding the sale is to maximize the value of our assets so that our resources can be reallocated to enhance member services. We remain fully committed to providing high-quality [Continuing Legal Education], hosting networking opportunities, and offering other programming in support and service to our members throughout this transition.”
Originally the Charles Condon House, this grand 1870s former residence stands as a premier example of late-19th-century architectural elegance. Spanning four stories plus a basement, the 41-foot-wide elevator building offers over 14,000 gross square feet of space, nearly 10,600 of which sits above ground level. It contains abundant historical details, including original doors, door casings, crown moldings and working fireplaces with intricate mantlepieces.
The sale is part of a strategic initiative by the Brooklyn Bar Association to modernize its operations and better serve the evolving needs of its members.
The Brooklyn Bar Association building at 123 Remsen St. Photo: Rob Abruzzese/Brooklyn Eagle
The offering is poised to capitalize on the wave of luxury townhouse and conversion sales occurring in prime areas of Brooklyn and Manhattan. “123 Remsen St.’s width, scale and unique historical character present a truly unrivaled conversion opportunity in the heart of Brooklyn Heights,” said Sean Kelly, Esq., Partner at Ariel Property Advisors.
“While the property is sure to attract residential converters, its current layout also makes it a versatile, appealing opportunity for a variety of individual owner-users, non-profits, schools and artistic organizations,” added Michael A. Tortorici, founding partner at Ariel Property Advisors.
Located on a quintessential Brownstone Brooklyn street in Brooklyn Heights, 123 Remsen St. offers a central position in one of the borough’s most historic neighborhoods. The location provides immediate access to the Brooklyn Promenade, Brooklyn Bridge Park, and the diverse dining and shopping corridors of Boerum Hill, Cobble Hill and DUMBO.
Minutes from the 4/5 train at Borough Hall, the R train at Court Street, the 2/3 train at Clark Street and the A/C/F trains at Jay Street, the property enjoys one of New York City’s most accessible addresses.
Ariel partners Tortorici and Kelly are leading the assignment with support from Nicole Daniggelis, Stephen Vorvolakos and Luke Rizzo.
About Ariel Property Advisors
Ariel Property Advisors is a New York City-based commercial real estate services and advisory company offering expertise in three core areas: Investment Sales, Capital Services and Research & Advisory. Their Investment Sales Group specializes in all major commercial asset types throughout the New York metropolitan area, the Capital Services Group provides clients nationwide with custom-tailored financing solutions and the Research & Advisory team delivers timely market reports, empowering both our professionals and clients. Additionally, their recent strategic partnership with Global Real Estate Advisors, a nationwide network of independent real estate investment services companies, further expands their reach and capabilities. To learn more, please visit arielpa.nyc.
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