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	<title>Observer &#187; Beep Beep! Cobble Hill Townhouse With Garage Sets Neighborhood Record With $6 M. Sale</title>
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		<title>Observer &#187; Beep Beep! Cobble Hill Townhouse With Garage Sets Neighborhood Record With $6 M. Sale</title>
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		<title>Beep Beep! Cobble Hill Townhouse With Garage Sets Neighborhood Record With $6 M. Sale</title>

		<comments>http://observer.com/2012/11/beep-beep-cobble-hill-townhouse-with-garage-sets-neighborhood-record-with-6-m-sale/#comments</comments>
		<pubDate>Fri, 16 Nov 2012 10:07:20 -0400</pubDate>
					<link>http://observer.com/2012/11/beep-beep-cobble-hill-townhouse-with-garage-sets-neighborhood-record-with-6-m-sale/</link>
			<dc:creator>Kim Velsey</dc:creator>
				
		<guid isPermaLink="false">http://observer.com/?p=277566</guid>
		<description><![CDATA[<p>Mirror, mirror on the exposed-brick wall, who has the fairest Cobble Hill townhouse of them all? Well, that's not for us to say, but <strong>223 Warren Street</strong> is certainly the most expensive.</p>
<p>The four-story brownstone has set a neighborhood record, fetching a king's ransom of <strong>$6.05 million</strong>. The sale, which closed yesterday, was slightly above the $6 million asking price. And what's more, the townhouse also breaks the neighborhoods price-per-square foot townhouse record <em>even</em> if you don't count the garage. (Yes, there's a garage. And it fits <em>two</em> cars.) The new owners, who prefer to remain anonymous (they bought the place under an LLC named after the address), shelled out $1.55 for each of the home's meticulously renovated 3,900 square feet. <!--more--></p>
<p>It's beginning to feel a lot like Manhattan! Of course, <a href="http://observer.com/2012/03/a-rockstar-record-grand-theft-auto-creator-dan-houser-buys-truman-capote-mansion-for-12-5-m/">Truman Capote's old place in Brooklyn Heights sold for $12.5 million</a> this spring, setting the borough record. Meanwhile, a massive townhouse/art studio is listed for $10 million in Fort Greene, but we all know it isn't what you ask for that counts, it's what you actually get.</p>
<p>The last impressive get in Cobble Hill was significantly lower and pre-Lehman: 155 Warren Street, a 7,000-square-foot townhouse took $5.4 million back in 2008, a steep discount for the $8.7 million it had asked a year before. Right now there's a $7 million property on the market, but as we said before, the proof is in the sale.</p>
<p>What put the price for 223 Warren so much higher than its similarly-lovely predecessors? Town Residential broker <strong>Terry Naini, </strong>who represented sellers <strong>George Gilpin</strong> and <strong>Kathryn "Gigi" Sharp</strong>, said that it was partially the double lot—a huge plot that can accommodate the home's garage and a large landscaped garden; it's also the only one on the block that doesn't have an easement to Veranda Place.</p>
<p>And of course, the 1875 brownstone itself also helped to get that smidgen above ask: the Gilpin Sharpes, who bought it <a href="http://online.wsj.com/article/SB10000872396390444592404578030772439878426.html">for $2.3 million back in 2003</a> tapped architect <strong>Joe Tanney</strong> to convert it from a five-family to a five-bedroom single-family home.</p>
<p>"It's hard to replicate," said Ms. Naini. "It's like buying something from Zara versus Prada. It's the design. And people pay for that."</p>
<p>Ms. Naini told us that it hadn't been a bidding war—she didn't believe in bidding wars—but more than one buyer had certainly been interested and she'd encouraged the buyers to "put their best foot forward."</p>
<p>Apparently they were all too eager.</p>
<p>"People used to move to Brooklyn because they couldn't afford to be in Manhattan," she said. "Now they're moving to Brooklyn because they want to be in Brooklyn."</p>
<p>And they're paying handsomely for it.</p>
<p><em>kvelsey@observer.com</em></p>
]]></description>
		<content:encoded><![CDATA[<p>Mirror, mirror on the exposed-brick wall, who has the fairest Cobble Hill townhouse of them all? Well, that's not for us to say, but <strong>223 Warren Street</strong> is certainly the most expensive.</p>
<p>The four-story brownstone has set a neighborhood record, fetching a king's ransom of <strong>$6.05 million</strong>. The sale, which closed yesterday, was slightly above the $6 million asking price. And what's more, the townhouse also breaks the neighborhoods price-per-square foot townhouse record <em>even</em> if you don't count the garage. (Yes, there's a garage. And it fits <em>two</em> cars.) The new owners, who prefer to remain anonymous (they bought the place under an LLC named after the address), shelled out $1.55 for each of the home's meticulously renovated 3,900 square feet. <!--more--></p>
<p>It's beginning to feel a lot like Manhattan! Of course, <a href="http://observer.com/2012/03/a-rockstar-record-grand-theft-auto-creator-dan-houser-buys-truman-capote-mansion-for-12-5-m/">Truman Capote's old place in Brooklyn Heights sold for $12.5 million</a> this spring, setting the borough record. Meanwhile, a massive townhouse/art studio is listed for $10 million in Fort Greene, but we all know it isn't what you ask for that counts, it's what you actually get.</p>
<p>The last impressive get in Cobble Hill was significantly lower and pre-Lehman: 155 Warren Street, a 7,000-square-foot townhouse took $5.4 million back in 2008, a steep discount for the $8.7 million it had asked a year before. Right now there's a $7 million property on the market, but as we said before, the proof is in the sale.</p>
<p>What put the price for 223 Warren so much higher than its similarly-lovely predecessors? Town Residential broker <strong>Terry Naini, </strong>who represented sellers <strong>George Gilpin</strong> and <strong>Kathryn "Gigi" Sharp</strong>, said that it was partially the double lot—a huge plot that can accommodate the home's garage and a large landscaped garden; it's also the only one on the block that doesn't have an easement to Veranda Place.</p>
<p>And of course, the 1875 brownstone itself also helped to get that smidgen above ask: the Gilpin Sharpes, who bought it <a href="http://online.wsj.com/article/SB10000872396390444592404578030772439878426.html">for $2.3 million back in 2003</a> tapped architect <strong>Joe Tanney</strong> to convert it from a five-family to a five-bedroom single-family home.</p>
<p>"It's hard to replicate," said Ms. Naini. "It's like buying something from Zara versus Prada. It's the design. And people pay for that."</p>
<p>Ms. Naini told us that it hadn't been a bidding war—she didn't believe in bidding wars—but more than one buyer had certainly been interested and she'd encouraged the buyers to "put their best foot forward."</p>
<p>Apparently they were all too eager.</p>
<p>"People used to move to Brooklyn because they couldn't afford to be in Manhattan," she said. "Now they're moving to Brooklyn because they want to be in Brooklyn."</p>
<p>And they're paying handsomely for it.</p>
<p><em>kvelsey@observer.com</em></p>
]]></content:encoded>
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