Prospect Heights Condo Leads Brooklyn’s Luxury Market

Brooklyn’s luxury market wrapped up the first full week of May on a high note.

Buyers signed contracts for 26 homes in the borough asking $2 million or more between May 6 and May 12, according to Compass’ weekly report. The total was up from 18 luxury deals inked in the previous week.

A penthouse condo in Prospect Heights asking just under $10 million was the priciest Brooklyn home to go into contract. Unit PH16S at 1 Grand Army Plaza, a Richard Meier-designed building completed in 2008, spans 3,500 square feet and has four bedrooms and three bathrooms.

The apartment, which hit the market last month, also features 2,500 square feet of outdoor space, including a roof terrace, as well as a 60-foot living and dining room, renovated kitchen and (like the rest of the transparent building) floor-to-ceiling windows. It last sold in 2012 for $5.1 million.

Amenities at the 99-unit condo, developed by SDS Procida, include a full-service staff, bike storage and parking. The 15-story building is also adding a gym.

Compass’ Libby Ryan had the listing.

Properties in Prospect Heights rarely land at the top of weekly contract reports, but the neighborhood is home to a number of large new rental buildings, including a Brodsky Organization 51-unit tower at 18 Sixth Avenue. Last month, the developer scored $415 million in refinancing from M&T Banks.

The second most expensive Brooklyn property to find a buyer last week was 10 Remsen Street in Brooklyn Heights, which was priced at $8.3 million. The 5,200-square-foot townhouse, built in 1940, has five bedrooms and four bathrooms.

The 21-foot-wide home also features a chef’s kitchen and a roof deck with views of the East River and Manhattan skyline. The townhouse, which hit the market in April after a gut renovation, last traded for $3.3 million in 2007.

Corcoran’s Deborah Rieders and Tita Omeze had the listing.

Of the 26 signed contracts, 15 were for townhouses, 10 were for condos and one was for a co-op.

The homes had an average asking price of $3.4 million, which works out to $1,395 per square foot. The properties spent an average of 132 days on the market with an average discount of 2 percent from the listing price.