Producer Jason Blum shells out $10M for Brooklyn townhouse

By: Jeniffer G.

The widow of late hedge funder Sanjay Valvani, Harjot Sandhu, has sold her Brooklyn Heights townhouse at 16 Sidney Place for $9.8 million.

Last asking $10.2 million, the townhouse first came on the market for $11.8 million in 2017.

A year earlier, Valvani, a money manager at Visium Asset Management, took his life after being charged with insider trading for allegedly getting tip-offs about drugs in the pipeline for FDA approval. (He reportedly maintained his innocence from the beginning.)

Sandhu and Valvani bought the home for $3.8 million in 2006, according to property records.

The buyers, we hear, are horror movie producer Jason Blum (of Blumhouse Productions, known for ”Paranormal Activity,” “The Purge,” “BlacKkKlansman” and “Us”) and his wife, television writer Lauren Schuker Blum. The 22-foot-wide, five-story property features six bedrooms, four full bathrooms and a half bath.

At 6,000 square feet, it also comes with an elevator, 12-foot ceilings, radiant-heated buffed cement floors and a gas fireplace.

There’s also a custom staircase and a dining room that seats eight. An adjacent chef’s kitchen opens to a deck with a dining patio, an open-air cabana with a water wall and an “elegantly planted, low maintenance yard,” according to the listing.

A full-floor master suite is decked out with a custom leather wall in the master bedroom, built-in cabinetry, a spa-like bathroom and a walk-through closet connected to a den with a gas fireplace, small home office and a large back terrace.

The listing brokers were Corcoran’s Karen and Kyle Talbott.