As the streets of Brooklyn see their leafy blocks change from green to orange, luxury buyers have flocked to the townhouses nestled behind the oaks and maples.
For the fourth straight week, the top Brooklyn contracts asking at least $2 million went to townhouses, according to Compass’ weekly report for contracts signed between Oct. 14 and Oct. 20.
The townhouse craze in October has also pushed Brooklyn’s luxury market to nearly double its volume from last year. So far, $218 million in contracts have been signed over the first three weeks of the month this year, compared to $117 million last year.
In total last week, 24 contracts — 15 for townhouses, eight condos and one co-op — were signed for a median asking price of $2.8 million. In the same week last year, 11 contracts were signed for $31 million.
Contracts signed this week also had a 1 percent discount rate, compared to 5 percent last year, and spent an average of 103 days on the market compared to 204 last year.
The most expensive contract of the week went to 69 Orange Street in Brooklyn Heights. The 2,750-square-foot home had a last asking price of $9 million.
The property was built in 1829 and at one point owned by Sarah Gracie, whose family owned the eponymous Gracie Mansion, now the residence of the sitting New York mayor. The listing is the first time that 69 Orange Street has ever hit the market, according to the listing.
The townhouse was built in the Federal clapboard style and contains original handrails, woodworking and moldings. It has four beds, two full bathrooms, a library, a salon, a formal dining room and backyard.
Douglas Elliman’s Monica Luque had the listing.
The second priciest listing last week went to 355 Henry Street, which had a last asking price of $6.5 million.
The 22-foot-wide Cobble Hill townhouse has four bedrooms and three full bedrooms. The first floor has 11-foot ceilings and a wood-burning fireplace, with a central staircase featuring wrought-iron railings leading to multiple bedrooms with en suite bathrooms. The home also has a roof deck and kitchen outfitted with modern appliances.
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Renovated to be a townhome in 2012, the property originally served as a student nurses home for the Long Island College Hospital after it was built in 1902 by William C. Hough.
The property last traded in 2020 for $4.7 million.
Elliman’s Aran Scott, Anthony Robles and Peter Perez had the listing.