Brooklyn Heights

Brooklyn Heights multifamily property 146 Willow St. morphs into $18 million mansion

Eye On Real Estate

May 25, 2016 By Lore Croghan Brooklyn Daily Eagle
Construction work is ongoing at 146 Willow St. (the brownstone in the center of the photo), a multifamily building that's being converted to a single-family mansion. Eagle photo by Lore Croghan
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Nice price.

We’re talking about the $18 million sum that Shahrzad Khayami wants for 146 Willow St.

It would be a record for Brooklyn if that’s what the house sells for.

Last winter, we drew readers’ attention to this Brooklyn Heights Historic District property, which is identified in city Buildings Department records as an 11-family building that’s being converted into a single-family home.

News for those who live, work and play in Brooklyn and beyond

As the Brooklyn Eagle previously reported, Khayami bought the apartment building through an LLC for $6.8 million in 2014. She’s a former senior portfolio manager at Citigroup Asset Management and founder of investment advisory firm AnK Capital.

Recently, her Willow Street construction project drew big media attention, and rightfully so, when brokerage Town Residential launched sales efforts for the property.

The marketing website for 146 Willow describes it as a 25-foot-wide mansion with a landscaped roof terrace. The building was constructed in 1920, the website notes.

This makes it one of the newer structures in the Brooklyn Heights Historic District — which has an array of homes built before the Civil War plus some 1880s mansions that spice up the streetscapes.

Amenities at 146 Willow include a meditation room in the master bedroom suite, a Wall Street Journal story notes.

The brownstone building’s renovation is a work in progress. Scaffolding and construction shrouding have been removed, we noticed when we were taking photographs on Willow Street the other day.

The developer will construct “a stoop, and a fenced-in area, together with stairs” on the sidewalk outside 146 Willow, according to a revocable consent agreement with the city Department of Transportation. This hasn’t happened yet.

Real estate-obsessed readers surely remember this, but we’ll mention it anyway: Willow Street houses have sold for mountains of money in recent years.

Federal-style 104 Willow St., which was built in 1826, sold for $10.625 million in 2014, city Finance Department records show.

The 1830s-vintage Greek Revival-style mansion where Truman Capote lived and worked, 70 Willow St., sold in 2012 for Brooklyn Heights’ highest home-sale price ever, $12.5 million.

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