In 2010, a developer paid $1.25 million for two wrecked Brooklyn properties; sixteen years later, the 1852 mansion is listed for $20.99 million following a long rebuild, alongside its renovated carriage house

A Brooklyn Heights mansion once described as a “derelict eyesore” is back on the market after a decade-long reconstruction, alongside its neighbouring carriage house, with the two properties seeking a combined $20.99 million, the New York Post reported. The adjoining but legally and physically separate properties are being marketed together as Monroe Place Estates, with the 1852 mansion listed for $14.99 million and the renovated carriage house asking $6 million.

Pic credit: Serhant.

A 1852 mansion that the city wanted gone

Pic credit: Serhant.

The 1852 Greek Revival home at 1 Monroe Place, in New York City’s first historic district, had been sitting derelict for years. In 2008, the NYC Department of Buildings declared the house structurally unsound. The city removed the building’s top floors and forced its last three rent-stabilised tenants to leave. The owner sued to block a full teardown, but a court threw out the suit in 2010. Months later, the property was sold to a firm run by developer Margaret Streicker, which paid $1.25 million in cash for the wrecked properties.

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A rebuild that took years

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Though purchasing the property was easy, rebuilding it wasn’t. Landmarks rules, shifting building codes, the pandemic and claims from the displaced tenants all slowed things down. Streicker describes the work as a regulatory puzzle. In her words, the team “unlocked it with a multi-phase, multi-year strategy”, according to the Post’s Gimme Shelter column, which broke the story. They weren’t simply looking to patch up the old building; they rebuilt the house from the ground up.

Pic credit: Serhant.

The restoration work was handled by NV Design Architecture. It took almost a decade to rebuild the house. The website says the project began in 2016 and ran until 2026. The team had to re-create the masonry, woodwork and ornamentation using a limited collection of historic photographs and archival records. That was no easy job, and certainly not something that could be rushed. The meticulous work is visible now. The house still looks as though it belongs to the 1850s, but much of what stands there today was built recently.

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Mallory Bogard, one of the listing agents, told the Post how the neighbourhood had reacted to the restoration. “As we have been preparing it for the market, people have been commenting on what an amazing milestone it is to bring the home back.”

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What the buyer gets

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The Greek Revival home is a five-storey house covering roughly 7,200 square feet. It has a red-brick façade, oversized bay windows, a stoop and a mansard roof. Inside, there are seven bedrooms, seven full bathrooms and four powder rooms.“Far beyond a traditional gut renovation, this remarkable transformation honours the home’s historic character while introducing the craftsmanship, infrastructure, and refined comforts of a newly built luxury residence,” the Sotheby’s listing describes it.

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The home has a chef’s kitchen equipped with Viking, Sub-Zero and Fisher & Paykel appliances, wide-plank hickory floors and an elevator. The full-floor primary suite includes its own gym. A wine cellar, wet bar, playroom and home office round out the main house.Two garden-level studios sit below, each with its own kitchen, bathroom and private entrance. The roof terrace has a gas grill and open views.

The carriage house next door

The carriage house at 94 Clark Street is a three-storey building, also built in 1852 and fully renovated. It spans about 2,100 square feet and has three bedrooms, three and a half bathrooms and a skylit kitchen. Prospective buyers can also purchase the carriage house independently for $6 million. The listing describes the two properties as “a singular residential estate”. They are separate homes that share a wall and can be bought together or separately. Together, the asking price comes to $20.99 million.

Pic credit: Serhant.

Serhant’s Mallory and Brandon Bogard hold the listings. According to the listing, this is a rare and extraordinary opportunity to own “a private family compound, a multigenerational sanctuary, a live-work retreat, or a creative startup hub.”