A Brooklyn townhouse developed by Kushner Cos., when it was helmed by Jared Kushner, returned to the market Thursday with a pared-down price tag of $8.9 million.
The Pierrepont Street house is one of several properties that Mr. Kushner and his company bought from Brooklyn Law School in 2014.
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The company paid a little over $6 million for the 160-year-old townhouse in the borough’s Brooklyn Heights neighborhood, property records show. It first hit the market in 2015 for $11 million, peaked at $11.25 million in 2016 and had been cut down to $9.5 million most recently, listing records show.
Prior to quitting his company’s daily operations and becoming a senior adviser to President Donald Trump, his father-in-law, Mr. Kushner reportedly spearheaded the project to transform the building from a multi-unit into a single-family home.
Spanning 6,625 square feet, the home has five bedrooms, seven bathrooms, an elevator, a two-story atrium topped by a skylight, a formal dining room, a media room, a garden and a roof deck, according to the listing with Morgan Levitt and Ryan Serhant of Nest Seekers International, who did not immediately respond to a request for comment.
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A second townhouse that Kushner Cos. bought from the school at the same time was also relisted at a lower price last month. The Monroe Place building—also reportedly developed by Mr. Kushner, 37—returned to the market in February for $11.95 million, with brokerage Leslie J. Garfield. It was last listed for $13.75 million in 2016, listing records show.
A third property the company purchased from the school and renovated, also on Monroe Place, sold in April 2017 for $12.9 million, property records show. Mr. Kushner is listed as the home’s developer.
A representative from Kushner Cos. did not immediately respond to request for comment.