realestate

Kool & Gang Founder's NJ Estate Lists for $7.5M, Up 525% from Last Sale

Former home of Dennis Thomas in affluent Montclair offers exclusive perks.

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Montclair, New Jersey estate once owned by Kool & The Gang's founding member Dennis "Dee Tee" Thomas is on the market for $7.5 million, a staggering 525% increase from its original purchase price of $1.2 million in 2021.

    The six-bedroom, two-family dwelling at 82-84 Watchung Ave. spans nearly half an acre and features two townhouses with three bedrooms each. Each unit can be rented for $18,000 per month, offering a potential income stream for the buyer.

    Thomas passed away in his sleep in 2021, but Kool & The Gang continues to tour actively. The property's listing broker, Allison Maguire of Brown Harris Stevens, notes that the home was lovingly restored and renovated to preserve its original beauty.

    Built in 1908, the estate boasts a handsome exterior and interiors worthy of a design magazine. Each townhouse features an eat-in kitchen with a breakfast bar, adjacent sunlit dining room, cozy fire-lit family room, and three bedrooms. The property also includes a heated two-car garage that could be converted into a studio or gym.

    The offering presents opportunities for both personal use and income generation, making it an attractive option for families or investors. Montclair's small-town charm and proximity to Manhattan have drawn creatives like Bobbi Brown and Stephen Colbert, who has been spotted in the area despite his show being canceled by CBS.

Kool & Gang founder's New Jersey estate listed for $7.5 million sale.