Manhattan Beach townhouse tops Brooklyn’s luxury market

The 4,050-square-foot home was last asking about $6.3M

New York /
Feb.February 17, 2021 01:15 PM
This Manhattan Beach house tops the list of priciest contracts. (Google Maps, Mercer Real Estate)

This Manhattan Beach house tops the list of priciest contracts. (Google Maps, Mercer Real Estate)

 

Seeking beach views? One buyer shelled out millions to secure just that in Brooklyn last week.

A Manhattan Beach house was the priciest of 24 luxury contracts signed last week, according to Compass’ weekly report on homes in the borough asking $2 million or more. The week before, the borough saw 20 luxury contracts signed.

The combined value of the 24 contracts inked was $69.5 million with a median asking price of nearly $2.5 million. The average listing discount from first to final ask was 3 percent, and the majority of the luxury contracts were townhouses with just two co-ops and eight condos.

The four-bedroom Manhattan Beach property at 290 Beaumont Street overlooks the ocean and sits on a quarter-acre lot that includes a heated swimming pool and a detached pool house with two additional bedrooms. The home spans 4,050 square feet with 10-foot ceilings and three private outdoor spaces. The main house has marble flooring and a gas fireplace in the living room. It’s final asking price was $6.29 million.

The second most expensive contract was a new development condo at Parlour, a Park Slope building developed by Vadem Brodsky and Elliott Moskowitz. The five-bedroom unit also has three private outdoor spaces including a roof terrace and dining room balcony. The home spans 3,235 square feet and went into contract asking $4.75 million.

Townhouses remained the more affordable option based on pricing per square foot. Across the 16 townhouse contracts signed last week, the average price per square foot was $889, compared to $1,366 for condo units.

Brooklyn’s market for townhouses fared better than Manhattan last year, according to multiple reports, as buyers sought more space and private outdoor areas.





    Related Articles

    arrow_forward_ios
    Opendoor CEO Eric Wu (Opendoor, iStock/Illustration by Alexis Manrodt for The Real Deal)
    Opendoor revenue plunged 45% in 2020
    Opendoor revenue plunged 45% in 2020
    CoStar CEO Andy Florance
    CoStar retreats from failed CoreLogic bid
    CoStar retreats from failed CoreLogic bid
    Jimmy Fallon and Nanvy Juvonen with their penthouse at 34 Gramercy Park East (Photos via Getty/Sotheby's Jeremy V. Stein and Debbie Korb)
    Jimmy Fallon lists Gramercy Park penthouse for $15M
    Jimmy Fallon lists Gramercy Park penthouse for $15M
    In 2018, a Brookings Institution study found homes in majority-Black neighborhoods were undervalued by $48,000 on average. (iStock)
    Appraisal Institute taking steps to root out racial bias
    Appraisal Institute taking steps to root out racial bias
    Jennifer Kalish was Elliman's top individual broker, while Holly Parker led the top team in Manhattan. (Douglas Elliman)
    Here are Elliman and Corcoran Sunshine’s top producers of 2020
    Here are Elliman and Corcoran Sunshine’s top producers of 2020
    Chris Jiashu Xu and Long Island City's Skyline Tower. (Skyline Tower)
    Closings underway at Queens’ tallest building
    Closings underway at Queens’ tallest building
    A unit at a Brooklyn Heights condo was the priciest deal last week. (One Clinton)
    Brooklyn Heights condo is borough’s priciest deal signed last week
    Brooklyn Heights condo is borough’s priciest deal signed last week
    9 East 71st Street and Jeffrey Epstein (Photos via Getty)
    Jeffrey Epstein’s UES townhouse in contract for around $50M
    Jeffrey Epstein’s UES townhouse in contract for around $50M
    arrow_forward_ios

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

    Loading...