Brooklyn’s luxury market runs hot for second straight week

Townhouses in vogue as deals remain high

16 Remsen Street (Google Maps, Corcoran)
16 Remsen Street (Google Maps, Corcoran)

UPDATED, March 15, 2022, 11:30 a.m.: Townhouses were all the rage in Brooklyn’s luxury market last week, when a Brooklyn Heights home went down as the priciest listing to go under contract.

The five-story townhouse at 16 Remsen Street was asking $10.9 million, according to Compass’ weekly report on sales of homes asking $2 million or above. The 6,500-square-foot house across the street from Brooklyn Bridge Park comes with a roof deck offering views of Lower Manhattan and a 2,500-bottle wine cellar with a tasting room. It also has a brick patio and garden, two fireplaces and a white Carrara marble kitchen, in addition to six bedrooms and five full bathrooms. The primary suite has a balcony, two dressing rooms and a skylight.

The home was listed with Leslie Marshall, James Cornell, and Ashley Banker of the Corcoran Group.

16 Remsen Street (Corcoran)

The week’s second-priciest deal was for Unit 26A at 30 Front Street in Dumbo, which was asking $7.6 million. The 3,088-square-foot condo has four bedrooms and three full bathrooms, as well as a 458-square-foot terrace facing the East River.

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It’s the fifth time since the start of February that 30 Front Street, home to some of the borough’s priciest homes on a per-square-foot basis, has been at or near the top of Brooklyn’s luxury housing market. Amenities at the 76-unit building, developed by Fortis Property Group, include two fitness centers, indoor and outdoor pools and a tennis court.

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The week saw a total of 39 deals, including 19 for condos and 19 for townhouses — the most townhouses to enter contract since the first week of February. One co-op in Downtown Brooklyn went into contract asking $2.5 million, which works out to $2,121 per square foot.

Taken together, the combined asking prices for the 39 homes was north of $130 million, up $8 million from the week prior and a significant increase over the $77 million total from two weeks ago. The median asking price per square foot ticked up to $1,503, after being mired in the mid-$1400s over the past two weeks. Homes spent an average of 60 days on the market, a significant drop from the 221 days the week prior. Homes last week received a 1 percent discount, on average.

This story was updated to include the listing agents with 16 Remsen Street.

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