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New York

Townhouses rule Brooklyn’s luxury market this week

Borough’s priciest contract was for $8.4M, in Boerum Hill

Townhouses Rule Brooklyn’s Luxury Market
416 Pacific Street, Corcoran’s Leslie Marshall; 568 1st Street, Compass’ Libby Ryan (Compass, Corcoran, Google Maps)

Townhouses continue to lead the charge for Brooklyn’s luxury market. 

The property type snagged the two priciest contracts inked in the borough last week, along with 10 others asking $2 million or more, according to Compass’ weekly report. 

Four condos also found buyers in the first full week of March, bringing the total to 16 — which was only slightly down from 17 homes in the previous period. 

The most expensive home to enter contract was 416 Pacific Street in Boerum Hill, with an asking price of $8.4 million. The roughly 4,000-square-foot home, built in 1915, has five bedrooms and four bathrooms. 

The 22-foot-wide property was renovated in 2013 and features a wood-burning fireplace, high ceilings, full basement and rear garden with a deck. It last traded for $5.4 million in 2015. 

Corcoran’s Leslie Marshall had the listing. 

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The second priciest home to find a buyer was 568 1st Street in Park Slope, with an asking price of $8.3 million. The 21-foot-wide townhouse spans nearly 5,800 square feet and has seven bedrooms and four bathrooms. 

The home — built in 1910 and renovated in 2021 — hit the market last May with an $8.9 million asking price. It last sold three years ago for $5.9 million. It features bay windows in the primary bedroom, eat-in kitchen, south-facing terrace and basement. 

Compass’ Libby Ryan had the listing. 

Brooklyn’s luxury market closed out February with two Park Slope townhouses topping Compass’ weekly contract report. The historic homes at 21 Prospect Park West and 136 Park Place asked $7.8 million and $4 million, respectively. 

The average asking price for the 16 homes was $3.3 million, or $1,165 per square foot. They spent an average of 127 days on the market and had an average discount of 3 percent from their original listing price.

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