Historic Cobble Hill townhouse tops Brooklyn’s luxury contracts last week

18 contracts signed for $2M or more

New York /
Dec.December 21, 2020 04:00 PM
195 Amity Street and 561 Pacific Street in Brooklyn (Photos via Google Maps; 561 Pacific)

195 Amity Street and 561 Pacific Street in Brooklyn (Photos via Google Maps; 561 Pacific)

The story of Brooklyn’s luxury market last week: same as it ever was, same as it ever was.

This week, 18 homes asking $2 million or more went into contract, with a combined value of $47.28 million, according to Compass’s weekly look at the borough’s luxury market. That’s a slight decrease from last week, when 19 homes went into contract with a combined value of $50 million.

And like last week — and many of the prior weeks — townhouses dominated: 10 contracts signed were for those spacious properties, while the remaining eight were condos. No co-op contracts were signed.

Townhouses remain the better deal for buyers in the borough: According to the Compass report, the average price per square foot for single- or multi-family homes was $860, with the average square footage clocking in at 3,455. Condos, meanwhile, have an average price per square foot of $1,461 and an average size of 1,699 square feet.

The priciest deal of the week was for a townhouse at 195 Amity Street in Cobble Hill, which was last asking $3.75 million. The four-bedroom townhouse, which dates back to the turn of the 20th century, has some of its original details — including pine floors and marble fireplace mantels — as well as modern upgrades like central air and a “suburban-sized” laundry room, per the listing.

The priciest condo on the list was at 561 Pacific Street, a ground-up development in Boerum Hill by Adam America Real Estate. The three-bedroom apartment was last listed at $2.8 million, and has a large terrace. The building itself has 62 apartments. It replaced the historic Church of the Redeemer on the corner of Pacific Street and Fourth Avenue, which the developer tore down in 2015.





    Related Articles

    arrow_forward_ios
    333 Johnson Avenue with Royalton Capital’s Jin Lee, Sciame Construction's Frank Sciame and Normandy Real Estate Partners' Finn Wentworth (Royalton Capital, Sciame, Normandy)

    Normandy sued by former partners for hiding Netflix deal

    Normandy sued by former partners for hiding Netflix deal
    Joan Collins and 110 East 57th Street #8EFG (Getty, BHS)

    Soap star Joan Collins lists longtime Midtown pied-à-terre

    Soap star Joan Collins lists longtime Midtown pied-à-terre
    Tommy Hilfiger and his recently sold estate in Greenwich, CT. (Getty, Janet Milligan)

    Tommy Hilfiger’s Greenwich estate sells for $45M

    Tommy Hilfiger’s Greenwich estate sells for $45M
    Jenna Ryan was part of a group who flew on a private plane from Denton, TX, to Washington, D.C., with the intention of joining the protestors (Twitter.com/DotJenna)

    Texas Realtor faces criminal charges for role in Capitol attack

    Texas Realtor faces criminal charges for role in Capitol attack
    Porch CEO Matt Ehrlichman (iStock)

    Porch snaps up four startups for over $122M

    Porch snaps up four startups for over $122M
    Nir Meir Asks Court to Stop Eviction (Google Maps)

    Nir Meir seeks to throw out Hamptons ejection suit

    Nir Meir seeks to throw out Hamptons ejection suit
    Robert Frank with 1021 Park Avenue and Ben Lambert with 28 Laight Street (Getty, Google Maps)

    Who’s buying and selling Manhattan homes? Last month’s notable deals

    Who’s buying and selling Manhattan homes? Last month’s notable deals
    TF Cornerstone President Frederick Elghanayan with 2-10 54th Avenue and 55-01 Second Street in Long Island City (Google Maps)

    The 10 biggest new project filings in NYC

    The 10 biggest new project filings in NYC
    arrow_forward_ios

    The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

    Loading...