Condos boost brooklyn luxury contracts from the late summer slump

Condos boost brooklyn luxury contracts from the late summer slump

Brooklyn’s luxury condo market was picked up last week.

In total, the municipality saw 19 contracts – 15 condos and four houses – with a total demand volume of $ 55 million, according to Compass’ Weekly reports for contracts signed on houses that asked at least $ 2 million from 8 September to 14 September.

The total was a punch of a series of slow weeks for the market. Last week saw 15 contracts – 10 condos and five houses – with a total demand volume of $ 41 million. During the same week last year, only nine luxury contracts were signed in the town for $ 27 million.

The top contract last week went to unit 4F on 1 Grand Army Plaza in Prospect Heights ..

The unit with three bedrooms and three bathrooms comprises 3200 square feet and came on the market in March and asked $ 5.75 million before he dropped the price. The seller bought the unit for $ 2.5 million in 2009, according to public archives.

The 34-foot-wide large room opens on a balcony overlooking Prospect Park. The primary suite has a walk -in closet and a private bathroom with a weeks with a weeks, marble tiled shower and radiant heated floors.

Sotheby’s International Realty’s Karen Heyman and Alan Heyman had the list. Compass’ Todd Lewin from the Lewin Rubin team brought the buyer.

The 15-storey building, 99 units designed by Richard Meier has a full-service staff, bicycle storage and parking. It is also supplied with a shared roof terrace with an outdoor kitchen and grills, billiards room and residents’ lounge.

The real estate hooked a top contract last year, when Brooks Brothers CEO Ken Ohashi bought a penthouse unit in the building for $ 9.45 million.

The second most expensive deal went to a combined apartment in 360 Furman Street in Brooklyn Heights last week and asked $ 4.5 million.

The seller bought unit 321 in 2012 for $ 1.2 million before adding unit 320 in 2018 for $ 1.9 million. They mentioned the combined offer for $ 4.75 million in April before they fell to $ 4.5 million in July.

The 2,790 square base house comes with four bedrooms, three full bathrooms and a private terrace of more than 900 square base.

The living space has 13-foot ceilings and hardwood floors, and the kitchen has adapted cupboards from floor-to-ceiling. The four bedrooms, on the north side of the apartment, are separated by a bag door and every face to the terrace.

The primary suite has a walk-in closet and spa bath with a separate bath and shower.

Compass’ Katherine Camp and Eric Schwarzkopf had the list.

The 12 -storey building, known as one Brooklyn Bridge Park, was converted from a warehouse from 1928 to apartments in 2008. The building comes with a 24-hour porter, a fitness center of 3000 square base, a yoga studio, parking garage, Billiards Room, Golf Simulator and Movie Theater.

Combining units in the building has been a popular undertaking.

In 2022, Hedgefonds-Executive Stuart Leaf sold an apartment of 5,040 square feet that combined two duplexes for $ 7.9 million in the building. Leaf had previously combined three units in One Brooklyn Bridge Park on the 10th, 11th and 12th floor and mentioned the mega spread for a record seeker $ 32 million in 2015.

In 2022, another seller combined two units, 427 and 428, which she sold for $ 4.1 million.

Houses in the town that went contract last week had an average price per square foot of $ 1,614 and a median asking price of $ 2.7 million.

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