  We present the first parallax and luminosity measurements for an L subdwarf,
the sdL7 2MASS J05325346+8246465. Observations conducted over three years by
the USNO infrared astrometry program yield an astrometric distance of
26.7+/-1.2 pc and a proper motion of 2.6241+/-0.0018"/yr. Combined with
broadband spectral and photometric measurements, we determine a luminosity of
log(Lbol/Lsun) = -4.24+/-0.06 and Teff = 1730+/-90 K (the latter assuming an
age of 5-10 Gyr), comparable to mid-type L field dwarfs. Comparison of the
luminosity of 2MASS J05325346+8246465 to theoretical evolutionary models
indicates that its mass is just below the sustained hydrogen burning limit, and
is therefore a brown dwarf. Its kinematics indicate a ~110 Myr, retrograde
Galactic orbit which is both eccentric (3 <~ R <~ 8.5 kpc) and extends well
away from the plane (Delta_Z = +/-2 kpc), consistent with membership in the
inner halo population. The relatively bright J-band magnitude of 2MASS
J05325346+8246465 implies significantly reduced opacity in the 1.2 micron
region, consistent with inhibited condensate formation as previously proposed.
Its as yet unknown subsolar metallicity remains the primary limitation in
constraining its mass; determination of both parameters would provide a
powerful test of interior and evolutionary models for low-mass stars and brown
dwarfs.
