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$3 Million Park Slope House May Undergo $1 Million Renovation

 A five-bedroom house at 41 Montgomery Place is slated to undergo a $1.1 million renovation to add a two-story extension, penthouse and roof deck.
A five-bedroom house at 41 Montgomery Place is slated to undergo a $1.1 million renovation to add a two-story extension, penthouse and roof deck.
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DNAinfo/Leslie Albrecht

PARK SLOPE — It's a seven-figure fixer-upper.

A limestone house on one of Park Slope's most coveted blocks is about to get a $1.1 million renovation — the most expensive single-family home makeover in Brooklyn this year, according to city records.

Owner Tim Cotton recently filed for a permit to overhaul the interior of 41 Montgomery Place and build a "rooftop penthouse," steel deck and stairs to the backyard. The plans also call for adding a "two-story extension" to the rear of the house.

Cotton declined to comment on the renovation, which must be approved by the city's Landmarks Preservation Commission because the house is in the Park Slope historic district.

The three-story, five-bedroom home, which was built around 1901, made headlines last year when longtime Park Slopers Chuck and Cindy Nemser put it on the market for $4 million.

The Nemsers bought the house in 1966 for $20,000, according to the Daily News, and watched as their once-rough neighborhood transformed into the sought-after enclave it is today.

Despite the three working fireplaces and stained glass window, 41 Montgomery Place sold for below the Nemsers' asking price: Cotton bought it for $3.3 million in December 2014, city records show.

That's almost chump change compared to other purchases on Montgomery Place, an architecturally striking one-block street between Carroll Street, Garfield Place, Seventh Avenue and Prospect Park West.

Down the block, 45 Montgomery Place set a neighborhood record when it sold for $10.775 million in November 2014, Curbed reported.

The Community Board 6 land use committee is scheduled to review the renovation plans at its June 25 meeting. The LPC hasn't yet scheduled a date to review the renovation plans, a spokeswoman said.