Redeveloped Cobble Hill Townhouse Tops Brooklyn Luxury Deals

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Another redeveloped townhouse by a Brooklyn development darling topped the Brooklyn luxury market last week.

The home was one of 20 — including seven condos and 13 single-family homes — to snag a contract from Feb. 16 to Feb. 22 for a total contract volume of $75 million, according to Compass’ weekly report. The previous week saw 22 contracts signed for a total contract volume of $66 million.

Last week, luxury homes with deals signed had a median asking price of nearly $3 million, an average price per square foot of $1,346 and an average days on market of 116.

The priciest deal was for a redeveloped townhouse at 17 Douglass Street in Cobble Hill asking over $9.8 million.

The property was a project by Eckstrom NYC, a seven-year-old development firm led by husband–wife duo Carlos Saavedra and Nicole Eckstrom, the development firm has converted a number of properties into high-end single-family homes that have scored top contracts.

The home at 17 Douglass spans 4,700 square feet. The five-bedroom, five-bathroom home also has a fitness room, sauna, elevator and multiple outdoor areas.

Unlike many past Eckstrom projects, 17 Douglass Street comes fully finished. Eckstrom has marketed most of its townhouses before construction is complete and collaborated with buyers on final touches. Last month, Eckstrom closed its sale of 170 Clinton Street for $14 million.

The developer also recently announced that it would be launching a five-property portfolio with the Gambino Group at Compass, including its first two properties in Manhattan.

The second priciest contract signed last week was for a Midwood home at 1315 Ocean Parkway asking $7.4 million.

Spanning almost 4,700 square feet across three levels, the detached home has four bedrooms and seven bathrooms. The home also includes an indoor gym and a private elevator.

Century 21 Melanie Kishk Realty’s Melanie Kishk had the listing.

Midwood has been an epicenter of expensive South Brooklyn home sales, although many of those deals have typically happened off-market. In December, real estate investor Yosef Hakoun bought a single-family home at 1010 East 8th Street for $8 million, according to public records.