Gretsch penthouse tops Brooklyn’s luxury contracts

Unit PH12 last asked $7.5M

60 Broadway
60 Broadway (Google Maps, Getty)

Brooklyn’s luxury market took a step back in the first few days of June.

The borough saw just 16 contracts signed for homes asking $2 million or more, according to Compass’ weekly report. The total from the post-Memorial Day week was down from the 26 recorded in the previous period. 

The most expensive home to find a buyer was Unit PH12 at 60 Broadway in Williamsburg with an asking price of $7.5 million. The gut-renovated penthouse spans 3,200 square feet and has three bedrooms and three bathrooms. 

The condo features about 2,000 square feet of outdoor space, direct elevator access, an open kitchen and oversized windows. Amenities in the building, built in 1916 and now known as the Gretsch Condominium, include a full-time doorman, concierge, garage and roof deck. 

Corcoran’s Steve Gold had the listing. 

Architect Karl Fischer and interior designer Andrew Escobar converted the former guitar factory into 120 condominiums in 2003. Three units at the building once broke neighborhood price-per-square-foot records in 2013 when they sold for a combined $5.4 million, or $1,150 per square foot.

But 10 years later, other deals have significantly eclipsed the Gretsch’s sales record. In 2021, a five-bedroom apartment at 2 Northside Piers closed for $8.3 million, or $1,840 per square foot, marking the priciest sale in the neighborhood at the time. 

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The second most expensive home to enter contract was 153 Wyckoff Street in Boerum Hill with an asking price of $6 million. The 40-foot-wide townhouse spans 4,000 square feet and has four bedrooms and four bathrooms. 

It also features oak flooring, exposed brick walls, a chef’s kitchen and backyard deck with a grill. 

Douglas Elliman’s Sahar Ziv had the listing.

Of the 16 contracts inked, five were for condos, two were for co-ops and nine were for townhouses. 

The average asking price was $3.6 million and the average price per square foot was $1,358. The homes spent an average of 181 days on the market and had no average discount from the original listing price.

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