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New York

Park Slope, Williamsburg homes top Brooklyn’s luxury market

No homes asking $4M+ entered contract last week

Park Slope, Williamsburg Homes Top Brooklyn’s Luxury Market
416 7th Street and 22 North 6th Street in Brooklyn (Google Maps)

Brooklyn’s luxury market failed last week to break its recent bleak streak. 

A townhouse at 416 7th Street in Park Slope, last asking $3.6 million, was the priciest of just 11 contracts inked in the borough for homes asking $2 million or more between Oct. 2 and 8, according to Compass’ weekly report. 

The three-story home spans 2,200 square feet and has four bedrooms and two bathrooms. It also has a garden, eat-in kitchen and backyard. 

NY Living Solutions’ Delroy Bodley had the listing.

The contracts reported in the previous period were also topped by a Park Slope property: a six-bedroom home at 590 5th Street with an asking price of $4.3 million.

The second most expensive property to find a buyer last week was Unit PH2F at 22 North 6th Street in Williamsburg, with an asking price of $2.8 million. The 1,500-square-foot condo has two bedrooms and two bathrooms. 

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The penthouse also has a balcony and a formal living room with built-in shelving. Amenities in the 565-unit building, dubbed The Edge, include two fitness centers, indoor pool, 24-hour doorman and movie screening rooms. 

Brown Harris Stevens’ Warner Lewis had the listing. 

Douglaston Development’s waterfront condo scored the neighborhood’s priciest sale in 2008, around the same time construction completed at the two-tower development. The six-bedroom duplex sold for just over $5 million.

Sales at The Edge also outpaced that of any other building in the five boroughs in 2010, after residents had already started moving in. It was crowned the most successful development in the city in the third quarter of 2011.

Of the 11 contracts inked, six were for condos, three were for townhouses and two were for co-ops.

The average asking price for the homes was $2.6 million, which works out to $1,404 per square foot. The typical home received a 2 percent average discount from the initial asking price and spent 133 days on the market.

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