Sunset Park luxury market is heating up: brokers

A townhouse in the area recently sold for a record to $2M

TRD New York /
Mar.March 20, 2017 05:00 PM

439 36th Street in Brooklyn

Brooklyn’s Sunset Park appears poised to see a jump in high-end property sales, as the area becomes increasingly popular with buyers.

Earlier this month, a 2,800-square-foot townhouse in the neighborhood sold for just over $2 million, DNAinfo reported. It’s the priciest sale of a townhouse in the area so far, according to the publication.

Compass’ TRData LogoTINY Abigail Palanca, the listing broker of the 439 36th Street townhouse, told DNAinfo that buyers are drawn to the area because the brownstones there are cheaper and larger than those in places like Windsor Terrace and Park Slope.

Development in the area is also driving up demand for housing, brokers told DNAinfo. Industry City — a multi-million dollar industrial development in the areas — has brought around 6,000 workers to the area since 2013. The complex will eventually feature a hotel, shops, and a 16-building hub for tech startups.

In the fourth quarter of 2016, the median sales price in Brooklyn hit $750,000, an all-time record.  [DNAinfo]Miriam Hall  

Related Articles

Here are the week’s top luxury sales

Here are the week’s top luxury sales

Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

Here are the week’s top luxury sales

Here are the week’s top luxury sales

Renderings of Central Park Tower (Credit: Extell)

Inside Extell’s private club for the 0.1%

William Zeckendorf and his brokerages are making moves. (Credit: iStock, Getty Images)

William Zeckendorf wants to build an army of NYC homeowners

Michelle Williams and Tommy Kail and their Brooklyn Heights townhouse (Credit: Getty Images, Google Maps)

Michelle Williams, Tommy Kail buy $10.8M home in Brooklyn Heights

Keeping lawns freshly cut and outdoor spaces in tip-top shape could result in greater rewards for sellers. (Credit: iStock, IMDB)

Curb your enthusiasm: Homes with spruced-up outsides sell at premium

Elsa Segura (left) was arrested in connection to realtor Monique Baugh's (right) murder (Credit: iStock)

Second suspect charged in real estate agent’s abduction, murder