< All Press

Tracy Mansion in Park Slope gets second price chop

The 50-foot-wide Tracy Mansion in Park Slope – originally listed for $25 million this past November – got a second price chop yesterday, bringing the asking price to just $15 million, according to StreetEasy.

The limestone mansion at 105 Eighth Avenue, was easily poised to set a record for the highest price paid for a single-family home in Brooklyn when it first hit the market, as The Real Deal reported. A mansion in Brooklyn Heights, at 70 Willow Street, once owned by Truman Capote set the $12.5 million record last year, and still holds the title, according to appraiser Jonathan Miller of data firm Miller Samuel.

The property first saw a $7 million price drop just one month after it hit the market, as previously reported; yesterday the ask slipped an additional $3 million.

The owners, Anil and Hannah Sinha, are selling the home as part of a “gradual retirement,” following a sex scandal involving their daughter, Lina, who worked at one of three New York City Montessori schools the couple owned, according to a report last year from the Wall Street Journal. The Sinhas bought the home for $95,000 in 1969, the Journal said.

Even now, at $15 million, the sale would still be a record total for the borough, Miller told The Real Deal. However, the sale would be lower on a per-square-foot basis than the $12.5 million sale.

The mansion measures 9,788 square feet, according to PropertyShark. The Truman Capote home, in Brooklyn Heights, is 5,702 square feet.

Halstead Property’s Marc Wisotsky and Jackie Lew have the listing. Neither were immediately available for comment.

Get Weekly Insights and Research

Housing Notes by Jonathan Miller

Receive Jonathan Miller's 'Housing Notes' and get regular market insights, the market report series for Douglas Elliman Real Estate as well as interviews, columns, blog posts and other content.

Follow Jonathan on Twitter

#Housing analyst, #realestate, #appraiser, podcaster/blogger, non-economist, Miller Samuel CEO, family man, maker of snow and lobster fisherman (order varies)
NYC CT Hamptons DC Miami LA Aspen
Joined October 2007