After Less Than A Year, 40 Willow Place Mansion Flips For $7.65M

It was less than a year ago—in August 2012—when the 7,400sf, three-story, 45-foot-wide modernist mansion at 40 Willow Place sold for a wicked $7.35 million—a mere shaving off its October 2011 list price of $7.5M.

Curbed reports that “Brooklyn’s most valuable townhouse” has again changed hands. About four months ago, it was back on the market for $7.95 million and entered contract a month later. Curbed is now reporting the sales price: $7.65 million.

The webbie notes, “Not exactly a huge flip, but a nice little profit for the sellers, who spent less than a year in the highly modern townhouse.” In August, BHB reported that according to Property Shark, among the 10 most valuable single-family mansions in the city—including Manhattan—this home ranked No. 1 in June 2012.

Designed by Joe and Mary Merz, it is marketed as “the perfect marriage of sleek minimalism and functional modernism,” with multiple outdoor spaces, a garage, five bedrooms, five baths, a 1,500sf great room with slate wood burning fireplace, library, family room and double-height rec room.

Before the August 2012 sale, 40 Willow last sold for $3.1M in 2003.

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  • Andrew Porter

    Please change “Street” to “Place” in the headline…

  • fred t

    After the 3.1m purchase, the buyer did a renovation in consultation with the original architect that apparently cost more than the purchase price. What a place!