A uncommon North Brooklyn townhouse topped Brooklyn’s luxurious contracts final week.
The deal was certainly one of 16 — 11 condos and 5 single-family properties — signed for properties asking a minimum of $2 million from July 27 to Aug. 2, in accordance with Compass’ weekly report on Brooklyn’s luxurious market. The overall contract quantity was $49 million.
The earlier week noticed 18 contracts signed for $76 million.
Properties getting into contract final week had a median asking worth of $2.8 million, spent a mean of 69 days available on the market and had a mean worth per sq. foot of $1,504.
The house at 96 Franklin Road in Greenpoint asking $6 million nabbed the week’s prime contract.
Final bought for $2.4 million in 2016, the property underwent a renovation right into a five-bedroom, three-and-a-half-bathroom single-family residence with a storage and elevator.
Spanning 4,300 sq. toes and sitting two blocks away from the East River, the property has 900 sq. toes of rooftop house with a cedar scorching tub and outside kitchen.
The primary ground has an open-concept residing and eating house and floor-to-ceiling glass within the rear that opens to the non-public backyard, whereas the second ground has a non-public terrace. The third ground has a major suite with a walk-in bathe and freestanding soaking tub.
The deal, which itemizing agent Yuval Vidal said in an Instagram post nabbed full asking worth, comes near being certainly one of Greenpoint’s most costly trades. One other townhouse at 111 Noble Street set the neighborhood report final 12 months when it closed for slightly below $7 million.
Compass’ Vidal and Leonard Steinberg had the itemizing.
The second priciest contract was for a apartment at 180 Entrance Road in Dumbo asking $4.6 million.
Unit PH20D is certainly one of over 400 apartment models at CIM Group and LIVWRK’s two-tower development known as Front & York. The apartment is within the 207-unit Entrance Tower, whereas one other 200 models are on the York Tower at 85 Jay Road.
The sponsor unit was final listed on the similar worth in June 2024 earlier than being taken off the market in November of that 12 months, in accordance with StreetEasy.
Spanning 1,800 sq. toes, the house has three bedrooms and two bogs, together with a 300-square-foot terrace that has a gasoline grill. The first bed room has a walk-in closet and en-suite rest room with a freestanding soaking tub and separate bathe.
The builders have began providing vital concessions, together with overlaying switch taxes and two years of frequent fees on all models, in accordance with StreetEasy. Two-bedrooms beneath $2 million may have three years of frequent fees and mansion taxes coated.
The challenge launched gross sales in 2021 and is now over 80 p.c bought, in accordance with Marketproof. It has a non-public amenity house together with a espresso lounge, co-working house, kids’s playroom, outside terrace and barbecue deck and indoor and outside screening rooms. Residents even have entry to a 25,000-square-foot park house and have direct entry to a Life Time Health on the bottom ground.
In 2021, RXR Realty agreed to purchase the 320-unit rental portion of the challenge for $220 million.
Learn extra
An $8M Dumbo condo tops Brooklyn’s luxury contracts
North Brooklyn townhouses rise in luxury contracts
RXR makes $220M apartment bet in Brooklyn
