Boerum Hill Townhouse Scores Top Luxury Contract
Brooklyn buyers continue to flock to new construction townhouses.
A Boerum Hill townhouse with access to a suite of condo amenities topped Brooklyn’s luxury market between July 28 and Aug. 2, according to compass’ weekly report for contracts signed on homes asking at least $2 million. In total, there were 18 contracts signed for $52.5 million.
Last week, there were 19 contracts signed for $57 million. During the same week last year, there were 10 contracts signed for $30 million.
The top contract went to 537 Pacific Street, which had a last asking price of $7.5 million.
The townhouse is associated with Sterling Town Equities’ 41-unit Post House condo development next door at 533 Pacific Street.
The townhouse is located on the Atlantic side of the lot and is separated by a landscaped courtyard. In exchange for an easement, townhouse owners have access to condo amenities including a wellness center with a gym and sauna, a children’s playroom, a pet spa and services like sidewalk maintenance and snow removal.
The 5,600-square-foot home has over 1,300 square feet of outdoor space. The living room features 11-foot ceilings, chevron floors and a wet bar, and the kitchen has five South-facing windows. The 28-foot-wide home has five bedrooms and six bathrooms.
Compass’ Tamara Abir and Noah Plener of the Tamara and Noah Team had the listing.
The developers built a second townhouse at 535 Pacific Street which sold for $7.3 million earlier this year, according to public records.
The deal continues the trend of condo developers building out one or more townhouse units that have access to the larger building’s facilities. Last week, Avdoo fetched a contract for a townhouse at its Bergen development asking $4.75 million.
The second priciest contract last week went to the first floor unit at boutique condominium in Williamsburg; Unit 1 at 25 Conselyea Street had a last asking price of $4.25 million.
The 25-foot-wide triplex features four bedrooms and four bathrooms across 3,400 square feet, along with a private garden with an outdoor kitchen.
The main level has floor-to-ceiling windows and opens onto the garden. The king-sized bedroom has an en-suite bathroom with double vanities. The lower level can be used for a home gym, rec space, guest suite, or studio, according to the listing, and comes with a private built-in steam room.
Corcoran’s Nick Hovespain, Leslie Marshall and Stephanie Wilberding had the listing.
Homes entering contract last week had a median asking price of $2.5 million and an average price per square foot of $1,442.
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