Trending

Park Slope penthouse tops Brooklyn luxury market

Fortis’ Olympia Dumbo also led borough in repeat appearance

1 Prospect Park West, Brooklyn (Streeteasy)
1 Prospect Park West, Brooklyn (Streeteasy)

An elegant Park Slope penthouse topped a strong week for Brooklyn’s luxury market.

Unit PHA at 1 Prospect Park West was the borough’s priciest signed contract last week, according to Compass’ weekly report on signed contracts for homes asking $2 million or more. The four-bedroom, four-bathroom home last asked $7.75 million.

The 3,187-square-foot unit was built in 2020 and features 1920s architecture, according to the report. The condo has a custom chef’s kitchen, a formal dining room and a 1,460-square-foot private terrace.

The building’s amenities include a steam room, a sauna and a basketball court.

Sign Up for the undefined Newsletter

Read more

Fortis CEO Jonathan Landau and a rendering of Olympia Dumbo at 30 Front Street (Hill West Architects, Fortis Property Group)
Commercial
New York
Fortis’ Dumbo condos are priciest homes in Brooklyn

The borough’s second priciest contract was Unit 20E at 30 Front Street in Dumbo, asking $5.39 million. The three-bedroom, two-bathroom condo measures 2,320 square feet and has a 152-square-foot private terrace and a primary suite with a private entry and ensuite bathroom.

The building, dubbed Olympia Dumbo, is a mainstay atop the Brooklyn luxury market. Last week marks at least the eighth time a condo in the 76-unit Fortis Property Group development has landed at or near the top of the weekly contracts since the start of February.

Forty-two homes asking $2 million or more entered contract last week, up from 31 the previous week. Of those, there were 26 condos, 15 townhouses and one co-op transaction.

The homes spent an average of 155 days on the market, a slight increase over last week’s average of 112. The average price per square foot was $1,450, down $106 from the previous week. The combined asking price was $123.6 million, an increase over the prior week’s $99.3 million, and the average home did not receive a discount.

Recommended For You