Brooklyn Heights, the most expensive mansion sold for $25.5 million

Billionaire Vincent Viola and his wife Theresa sold their massive Brooklyn Heights mansion for $25.5 million, breaking the borough’s record for the most expensive home ever sold. The sale works out to about $2,202 per square foot.

The couple purchased the estate at 8 Montague Terrace in 2007 for $8 million. They turned the 1875-era building from a multifamily rental into a grand single-family home that spans 11,580 square feet over four floors, plus a 250-square-foot roof deck.

They sold the renovated home to a domestic Delaware-based limited partnership dubbed M8T. 

The deal appears to be an off-market deal. Attorney Andrea Riina of Wachtell Lipton Rosen & Katz represented M8T in the deal and declined to comment. 

Riina’s previous clients include Michael Dell, who she represented in his 2014 purchase of a $100.47 million penthouse at Extell Development’s One57 in Manhattan.

Prior to the sale of the Vincent mansion, the $20.3 million sales of a condo at Quay Tower in Brooklyn Heights were the priciest in the borough. The deal at the property acquired by RAL Development Services, Vanke US, and Oliver’s Realty Group, closed in April last year. Before that, actor Matt Damon’s $16.7 million purchase of a penthouse at DDG and Westbrook Properties’ condo in the same neighborhood held the record.

The couple is also seeming to sell their Upper East Side mansion. The property at 12 East 69th Street is on and off the market and cut its asking price to $79 million from $88 million a year ago. It did basically listed for $114 million.

Viola, who is President Donald Trump’s first candidate for Secretary of the U.S. Army before he retired, holds an expected net worth of $2.6 billion, according to Forbes.

Leave a Comment

Your email address will not be published.