The Real Deal reports that 25 Monroe Place has been sold to DLJ Real Estate Capital Partners for $35 million. Changes are definitely in the cards for Brooklyn Heights’ widest street the recent sale of nearby numbers 27 and 38 Monroe Place to Jared Kushner and the continuing decay/renovation/demolition by dereliction drama at number 1 will shake things up at the very least.
The Real Deal: Samson, a real estate holdings company, has owned the 60,700-square-foot property at 25 Monroe Place since paying $15.6 million for it 11 years ago, property records show. The A. Rollin Caughey-designed building between Clark and Pierrepont streets was constructed in 1938. It holds 67 rental units, mostly studios and one-bedrooms.
The investment marks DLJ’s first foray in Brooklyn Heights. DLJ has no plans to renovate the building. The firm also recently partnered with Alloy Development on the 1 John Street condo project in Dumbo.