Brooklyn, NY – A house in southeast Brooklyn had traded hands for $10 million, making it the second-priciest home sale in Brooklyn history.
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As it turns out, the moneybags behind the purchase is not exactly an unknown personage: Public records show that mega-landlord Baruch Singer ponied up the dough for the 7,526-square-foot house.
Singer, who has long (and perhaps unfairly) been considered one of the city’s preeminent slumlords, made his fortune by owning and operating older rental buildings; a couple of years ago, he sold a portfolio of 104 properties for $450 million. Though most of his holdings have been concentrated in upper Manhattan, Singer’s been making some interesting waves in Brooklyn real estate lately: He’s been involved in a legal dispute about ownership rights for the fire-struck Greenpoint Terminal Market site; in May he paid $13.3 million for a Dumbo warehouse that he reportedly plans to convert into a residential building; he recently sold a few Kensington buildings for $12.6 million; and he may or may not be fixing to build a new Park Slope building on 4th Avenue and 6th Street. [brownster]
he will be an asset to the community.kol hakovod
anonymous
5:32 pm – If you don’t know, don’t talk !!!
I My house in Boro Park cost us 689,000.I thought I over paid for my house. I feel good now.
Baruch Singer is a good person – GO BOYCHICKS!
how much rent will he charge 10,000 a month, or will he flip for 20m?
Just because he paid for it doesn’t mean he is going to live there.
Good let him move to Brooklyn, he will fit right in.