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New York

Brooklyn Heights townhouse topped borough’s luxury contracts

Deals for homes asking $2M+ picked up in last week of July

271 Hicks Street, 181 Prospect Place (Google Maps, Getty)
271 Hicks Street, 181 Prospect Place (Google Maps, Getty)

Brooklyn’s luxury market edged up last week following a particular dismal period of contract signings. 

The borough saw 18 homes asking $2 million or more find buyers between July 24 and July 30, according to Compass’ weekly report. The total was up from just 12 reported the previous week. 

A renovated townhouse in Brooklyn Heights notched the priciest contract signed last week, with an asking price of $14 million. The 6,400-square-foot home, built in 1846, has six bedrooms and five bathrooms.

The 24-foot-wide property at 271 Hicks Street also features an all-floor elevator, rear terrace with a garden and outdoor cooking area and landscaped rooftop.

The second most expensive home to find a buyer was 181 Prospect Place in Prospect Heights, asking $5 million. The home, built in 1931, spans 4,200 square feet and has five bedrooms and three bathrooms. 

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It also features a backyard with multiple trees and a patio, primary bedroom overlooking the garden and parlor floor with a formal sitting room. 

Leslie J. Garfield’s Ravi Kantha had both listings. 

Kantha co-leads the Lesser Kantha Team with Matthew Lesser. The pair specialize in townhouse sales in lower Manhattan and Brownstone Brooklyn, and after a banner year for townhouse deals in the city, the team placed seventh among The Real Deal’s ranking of the top-selling resale brokers in 2022 across Manhattan, Brooklyn in Queens.  

Though townhouses scored the top slots, condos dominated the borough’s market last week, accounting for 13 of the 18 contracts inked. The remaining five contracts were for townhouses. 

The average asking price for the homes was $3.5 million with an average price per square foot of $1,664. The typical home received a 1 percent discount from the asking price and spent 140 days on the market.

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