The $40 Million Moth Mistake: What Brooklyn Buyers Must Know Before They Sign
By Peter Mancini, Pen Realty | Member of REBNY & BNYMLS
Brooklyn Real Estate Expert | A Signature Experience
In one of the most eye-popping stories to hit real estate headlines, a luxury buyer reclaimed $40 million after discovering a massive moth infestation in their newly purchased mansion. As reported by The Wall Street Journal, the infestation was so severe—over 100 moths per day—that it justified a full refund of the purchase price.
Wild? Absolutely. But what’s more important is the lesson this story holds for Brooklyn buyers.
Whether you’re eyeing a brownstone in Park Slope, a condo in Williamsburg, or a co-op in Bay Ridge, knowing what questions to ask—and what red flags to look for—can protect you from costly surprises.
Disclosure Matters—In Every Zip Code
As The Real Deal notes, one of the leading causes of failed real estate deals in NYC is undisclosed property defects. From structural damage to pest problems, the things that aren’t said can cost buyers tens of thousands—or, in this case, millions.
According to The New York Times, the number of lawsuits filed by NYC buyers over hidden defects is rising—particularly in older properties across Brooklyn. These aren't just mega-mansions. They're everyday homes purchased by families, investors, and first-time buyers alike.
So, what can you do to protect your investment?
Brooklyn Buyers: Ask These Key Questions
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Are there signs of water damage or mold?
Check around windows, in basements, and under sinks. A fresh coat of paint might be hiding something bigger. -
Have there been pest issues in the past?
Brooklyn’s older housing stock—especially townhomes and brownstones—is susceptible to insects and rodents. Ask for documentation and treatments. -
Were any “quick fixes” made to plumbing, electrical, or structural systems?
If something was patched instead of fully repaired, it could turn into a major issue down the line. -
What’s the story behind the building inspection report?
Don’t just glance at the summary. Dive deep. Ask follow-up questions and bring in your own trusted inspector if necessary.
Even a stuck window or odd odor in a hallway can be an early warning. And while moths might seem extreme, they’re not out of the question—especially when disclosure is vague or incomplete.
Why Working with the Right Agent Makes the Difference
This is where I step in.
At Pen Realty, I don’t just help you find properties—I help you ask the right questions and spot the red flags before they cost you. From the first showing to final closing, I serve as your advocate, strategist, and peace-of-mind provider.
That’s what I call A Signature Experience.
As a proud member of REBNY and BNYMLS, I stay informed on the legal standards, market shifts, and buyer protections that matter most in NYC’s fast-paced market.
It’s About More Than Finding the Right Home
Buying real estate in Brooklyn isn’t just about location—it’s about long-term confidence. That means knowing your agent is committed to uncovering everything—even the moths.
If you're thinking about buying in Brooklyn, or already under contract and want a second opinion, let's talk. I’m here to help you make smart, informed, and secure decisions in one of the most competitive markets in the country.
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Final Thought
In real estate, what you don’t know can absolutely hurt you. But with the right guide by your side, you can navigate the Brooklyn market with confidence, clarity, and strategy. And yes—without moths.
Ready to begin your real estate journey? Reach out today for A Signature Experience built on transparency, trust, and expert advocacy.
