A mid-century modern landmark in Brooklyn Heights topped the borough’s luxury market last week.
The home at 48 Willow Place asking $12 million was the most expensive of 17 properties in Brooklyn asking $2 million or more to find buyers between Sept. 2 and Sept. 8, according to Compass’ weekly report.
Local architects Joseph and Mary Merz bought the property, along with two neighboring lots, in the 1960s for a steal, according to Curbed. The couple paid just $11,000, thanks to Robert Moses’ plans at the time to build a Brooklyn Queens Expressway ramp nearby (It was later instead built on Atlantic Avenue).
The Merzes lived in the home for many years before it hit the market for the first time in 2020 after Joseph’s death at the age of 92. Mary died nine years earlier at 85.
The 37-foot-wide home sold to an unknown buyer in 2021 for $5.8 million. It hit the market again in April after undergoing a renovation. The home spans 5,500 square feet and has six bedrooms, four bathrooms, a garden and garage.
Corcoran’s Deborah Rieders had the listing.
The second priciest home to land a signed contract was 605 2nd Street in Park Slope, with an asking price of $5.2 million. The 4,600-square-foot townhouse has five bedrooms and two bathrooms.
The property, which hit the market in April, last traded for $3.1 million in 2005. It also features a finished basement, back patio and garden and central staircase.
Compass’ Zina Raslan had the listing.
Of the 17 homes to enter contract, 10 were townhouses and seven were condos. The total was up from the 14 properties to snag signed deals before Labor Day weekend.
The homes had an average asking price of $3.4 million, which works out to about $1,400 per square foot. The typical home spent 69 days on the market and sold for an average discount of 2 percent from the listing price.
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