Boerum Hill townhouses top $4 million

TRD NEW YORK /
Feb.February 21, 2013 09:30 AM

Townhouses in Brooklyn’s Boerum Hill neighborhood are commanding hefty prices — some listed at more than $4 million, the New York Post reported.

Examples include 301A, now under contract, and 309 State Street — part of an unfinished nine-unit development — at $3.5 million and $4.3 million, respectively. A home at 165 Dean Street is going for $4.2 million and a townhouse at 128 Bergen Street is listed at $3.5 million. Even back in 2007, as The Real Deal reported, properties at the 14 Town Houses development hit the market for nearly $2 million, which was “unheard” of in the neighborhood at that time.

Tight inventory is why the properties are bringing in the big bucks, according to James Cornell of the Corcoran Group, who along with Leslie Marshall has the listings for three of the State Street townhouses.

“There’s so little on the market,” Cornell told the Post. “I count 17 active or signed contract listings in Boerum Hill.”

The properties primarily cater to growing families whose children attend local private schools, such as St. Ann’s or Packer Collegiate Institute. The homes are both close to the schools and are big enough for more kids.

The State Street townhouses range in size from 4,300 square feet to 4,800 square feet. The Bergen Street property, listed by Brooklyn Bridge Realty, measures 3,800 square feet.

“The Barclays Center helped,” Angela Ruggiero of Brooklyn Bridge Realty told the Post. “I think buyers are looking for convenience, and the neighborhood has pretty much everything.” [NYP]Zachary Kussin


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