Sale Of Opulent Manse In Brooklyn Breaks Neighborhood Record

Key Takeaways:

– The off-market sale of the Brooklyn Society for Ethical Culture manse at 53 Prospect Park West for $13.5 million has set a new local sales record in the Park Slope neighborhood of Brooklyn.
– The property was listed for $30 million in 2021, but sold for $13.5 million.
– The property is known for its historic brownstones and proximity to Prospect Park.
– The buyer remains unknown.
– The property was built in 1900 for William H. Childs and was one of many mansions on Prospect Park West.
– The building still retains many of its original architectural details.
– Closings in Park Slope were 19% lower in the third quarter of 2023 compared to the same period in 2022, with a 9% decrease in median sale price and a 41% decrease in active listings.
– The sale of this property is seen as a sign of the changing real estate market in the area.

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The off-market sale of the Brooklyn Society for Ethical Culture manse at 53 Prospect Park West for $13.5 million has set a new local record.

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The tony Park Slope neighborhood in Brooklyn has a new local sales record, according to a report in The Real Deal.

The off-market sale of the Brooklyn Society for Ethical Culture manse at 53 Prospect Park West for $13.5 million set a new record for property deals in the neighborhood, known for its historic brownstones and proximity to Prospect Park. It is also the first sale of its property type to top $12 million in six years, according to the report.

The property was listed for $30 million in 2021. If it had sold at that price it would have set a record for the entire borough of Brooklyn.

Image courtesy Ryan Lahiff/Rise Media

Compass’ Jim St. Andre and Marco Solomon held the listing.  The buyer remains unknown.

Built in 1900 for the wealthy manufacturer William H. Childs, the once single family home was designed by the architect William Tubby. It was one of many mansions that lined Prospect Park West at one time, when the parkside block was known as Brooklyn’s “Gold Coast.”

The home was owned by members of the Childs family until 1947 when it was purchased by the nonprofit Brooklyn Society for Ethical Culture, which used the building as a meeting house and rented it out for a variety of events including weddings, bar and bat mitzvahs, and concerts.

Despite its years of use, the building still retains many of its original architectural details including six fireplaces, hardwood floors, stained glass windows, carved walnut ceilings and hand-painted friezes. The main floor also includes a solarium that was added by the Childs family in 1907, while the fourth level has a terrace facing the park.

Closings in Park Slope were 19 percent lower in the third quarter of 2023 than they were during the third quarter of 2022, according to a market report from Corcoran. The median sale price was $1.15 million, a 9 percent decrease year over year, while active listings fell a substantial 41 percent, according to the report.

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Property Chomp's Take:

is a commonly used element in HTML and CSS coding. It is used to create a division or section within a webpage. The

element is versatile and can be used to structure and style different parts of a webpage, such as headers, footers, navigation bars, and content sections.

One recent example of the

element being used is in the off-market sale of the Brooklyn Society for Ethical Culture manse at 53 Prospect Park West for $13.5 million. This sale has set a new local record in the tony Park Slope neighborhood of Brooklyn, known for its historic brownstones and proximity to Prospect Park.

The property, originally listed for $30 million in 2021, was sold off-market for $13.5 million, making it the highest-priced property sale in the neighborhood. It is also the first sale of its property type to exceed $12 million in six years. The sale was handled by Compass agents Jim St. Andre and Marco Solomon, and the buyer remains unknown.

The manse, built in 1900 for William H. Childs, a wealthy manufacturer, is an architectural gem designed by William Tubby. It was part of the "Gold Coast" of mansions that once lined Prospect Park West. The property was owned by the Childs family until 1947 when it was acquired by the nonprofit Brooklyn Society for Ethical Culture. Over the years, the building has retained many of its original architectural details, including six fireplaces, hardwood floors, stained glass windows, carved walnut ceilings, and hand-painted friezes.

Despite recent market challenges, the sale of this property highlights the enduring appeal of Park Slope. According to a market report from Corcoran, closings in Park Slope were 19 percent lower in the third quarter of 2023 compared to the same quarter in 2022. However, the median sale price decreased by only 9 percent year over year, indicating that the neighborhood's real estate market remains strong.

The sale of the Brooklyn Society for Ethical Culture manse at 53 Prospect Park West demonstrates the continued desirability and value of properties in Park Slope. The use of the

element in web design allows for the easy structuring and styling of different sections on a webpage, just as the

element helps structure and define different areas within a property. It is a powerful tool that web developers and designers utilize to create visually appealing and functional websites.

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