A neoclassical-style mansion in Brooklyn’s Park Slope neighborhood has been converted into seven condominium units, after it failed to sell as a single-family residence, The Wall Street Journal reported.
Located on Eighth Avenue, the mansion, built with a marble facade, went on the market for $25 million in 2012. Being too large and expensive to house an average family, it was sold to developer Raymond Zagami, a principal of ZR Management Associates, in 2015 for more than half the price, $9.5 million.
Last week, the mansion, known better as the “Tracy Mansion,” was listed on the market once again, but now as a seven-unit condominium, with the total listing price for apartments nearing close to the original asking price: $23 million.
Before it was a home, the 10,000-square-foot stone building at 105 Eighth Ave. was a Montessori school. And for many years after, it was home to a family who owned a tugboat company.
The developer was granted permission from the Landmarks Preservation Commission to add 5,000 square feet, including a penthouse and a rear setback.
An arched stone doorway of bronze and glass, Corinthian columns, a grand staircase (now part of a duplex apartment), coffered wooden ceilings, stained glass, and an 8-foot-tall mantel are among some of the original details of the mansion. The rear yard was reworked into smaller, private yards for three of the condominiums.
“The Tracy Mansion offers seven large residences in an intimate boutique building,” says listing agent Alex Maroni of Douglas Elliman Real Estate. “It was renovated by a developer with deep Park Slope roots and a track record of bringing landmark condo conversions to fruition.”
Images courtesy of Douglas Elliman Real Estate