Market

Brooklyn Heights Townhouse Snags Deal After Asking $13M

A remade Brooklyn Heights townhouse topped Brooklyn’s luxury contracts last week. 

The contract was one of 19 signed — six condos, one co-op, 12 single-family homes — for homes asking at least $2 million, according to Compass’ weekly contracts report. The total contract volume was $73 million.

The previous week saw 28 contracts signed for $93 million. It’s the second straight week that luxury contracts and contract volume have fallen in the borough, after several periods where contract volume topped $100 million. 

Homes entering contract last week had a median asking price of $2.9 million, spent an average of 74 days on the market and had an average price per square foot of $1,348. 

The priciest contract was for the townhouse at 40 Garden Place asking $12.8 million. 

The home is among the wave of gut renovations in the neighborhood, redeveloped in collaboration with Steering House and Brooklyn Studio. It has a garden-level guest suite with a bathroom and laundry room, with four bedrooms and two more bathrooms spread across the remaining three floors. 

The primary suite has a private terrace, dual walk-in closets and en-suite bathroom, home office and a den with a wood-burning fireplace. 

The home last sold for $4.2 million in 2022, according to property records. 

Compass’ Callie Katt of the Hudson Advisory Team had the listing. 

The second priciest contract signed last week was for a Boerum Hill townhouse at 306 State Street asking $6.3 million. 

The 25-foot-wide landmarked home has six bedrooms and seven bathrooms. The home was gut renovated in 2004 and is currently set up as a two-family home. The kitchen was renovated in 2023. 

The top floor has a primary suite and a second bedroom, both with en-suite bathrooms. 

The garden floor is set up as a one-bedroom duplex with a living and dining rooms, a downstairs den and access to the back garden. 

Compass’ Lindsay Barton Barrett had the listing.

Read more

181 Baltic Street with Eckstrom's Carlos Saavedra, 3 Wythe Lane with Compass’ Christine Blackburn and Lior Barak

Off-market Cobble Hill triplex tops Brooklyn’s luxury market


Serhant’s Ravi Kantha and Douglas Elliman’s Aran Scott with 96 Amity Street and 45 Douglass Street

Brooklyn cracks $125M in one week of luxury contracts


Vadem Brodsky, Eckstrom founder Carlos Saavedra, and Steering House CEO Jon Schippers (Vadem Brodsky, LinkedIn, Brick and Wonder)

The rise of the Brooklyn townhouse developer





Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *