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Townhouses old and new topped Brooklyn’s luxury contracts

Borough saw $74M across 22 contracts asking $2M+

17 Montgomery Place with Compass’ Laura Rozos and 109 Willow Place with Eckstrom’s Carlos Saavedra (Getty, Google Maps, Compass, Eckstrom)
17 Montgomery Place with Compass’ Laura Rozos and 109 Willow Place with Eckstrom’s Carlos Saavedra (Getty, Google Maps, Compass, Eckstrom)

It was a good week to be a townhouse in Brooklyn last week.

The top contract went to a 30-foot-wide townhouse at 17 Montgomery Place in Park Slope with a last asking price of $8.5 million, according to Compass’ weekly report of contracts in Brooklyn asking over $2 million. The total signed between Nov. 18 and Nov. 24 is a dip from the previous period, when the borough’s signed luxury deals hit $100 million across 35 contracts. 

The eight-bedroom, four-bathroom home was initially listed at $9.8 million in March. 

The 4,700-square-foot townhouse was also featured in a Wall Street Journal article about the spate of townhouses in the neighborhood listed over the summer. The sellers, art appraiser Andrea Farrington and her husband Louis Mudannayake, bought the property in 2004 for $2.5 million. 

The C.P.H Gilbert-designed home dates to 1887 and features original details including pocket doors and parquet floors, along with an eat-in kitchen, formal dining room and a private garden with a koi pond. It also comes with an indoor parking space nearby.

Farrington told the Journal that the home could do with some updating and that she hopes “that whoever buys it will sink the money into restoring it to its glory.”

Compass’ Laura Rozos had the listing.

The second most expensive listing belonged to Unit 2 at 109 Willow Street in Brooklyn Heights. 

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The condo is part of a townhouse renovation overseen by Eckstrom NYC, a design firm that has overseen a number of multi-family reconfigurations in some of the most prized areas of Brownstone Brooklyn. 

The building, originally built in 1905 by architect John Petit, had six units it was renting out prior to Eckstrom purchasing the property for $7 million last year. According to the latest filing plan amendments, the development has a projected sellout of $17.7 million. 

The reimagined 25-foot-wide townhouse features many original details like its red brick facade, marble stoop and doorway and limestone window trim. 

The building now contains three multi-level residences with custom finishes like ash wood floor plans imported from Denmark, Calacatta Viola marble countertops from Italy and Shinnoki wood cabinets from Belgium. 

Unit 1 has four bedrooms, four bathrooms and spans over 4,500 square feet. 

Park Property Advisors’ Carlos Saavedra, who heads Eckstrom with his wife Nicole Eckstrom, had the listing. Compass’ Todd Lewin brought the buyer. 

There were 22 contracts signed — 12 condos, one co-op and nine townhouses — for a total deal volume of $74 million. The median asking price was $2.8 million, the average price per square foot was $1,508 and the average days on market was 120. 

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