Rundown Slope Mansion Sells for $2.7 Million

The 8,000-square-foot, rundown mansion on the corner of 6th Street in Park Slope, 107 Prospect Park West, just sold for $2.7 million. Although it had been chopped up into eight units, it was originally built as a one-family. Real estate broker Donald Brennan wrote a post about the history and the current condition of the site, which he toured back in December 2010. He had this to say:

“Fortunately this eight-unit property has some good bones to work with. That said, the interior finishes– including the kitchens and baths, as well as all the mechanical, electrical and plumbing systems–are all shot. (The property’s been vacant since the early 1980s.) Capital improvements needed will be substantial –about $225 to $300 per square foot for hard costs…. Original details are everywhere and for the most part are intact and useable. Outdoor space could be incorporated into at least two of the units. The property could continue to function as an eight-unit building—or possibly be reconfigured into a 3 or 4 unit condominium or even a single-family home.”

It appears that the building was bought by The Meier Group, although an email to the company was not returned. It has been confirmed by a broker familiar with the site that it will be converted into condos. No word whether the eight-unit configuration will remain.
My 2 Cents: 107 Prospect Park West [Brennan Realty Services]