Brooklyn luxury market tops $100M in contract signings in one week

"The top contract last week went to a Brooklyn Heights townhouse at 42 Monroe Place asking almost $8.9 million. The 26.5-foot-wide home spans over 6,400 square feet and is laid out as a two-family with duplex residences on the first two and top two floors. Built in 1913, the home has been in the same family for 45 years. The bottom two floors hold a 3,600-square-foot four-bedroom home with a living room, gallery and formal dining room."

"The second priciest contract last week went to a penthouse at 524 Manhattan Avenue in Greenpoint asking almost $6 million. The home, which traded in an off-market deal, set the record for priciest condo sale in Greenpoint, The Real Deal previously reported. Purchased in 2019 for $1.9 million by Ronen Segev, who owns piano reseller Steinway Pianos, the home set the record for the most expensive condo sold in Greenpoint. Segev undertook a $2 million renovation of the 1,780-square-foot duplex overlooking McCarren Park,"

Between Sept. 29 and Oct. 5 Brooklyn netted over 35 contracts totaling over $108 million for homes asking at least $2 million. The deals comprised 12 condos and 23 houses. The borough's contract volume approached a prior high of $115 million recorded last November and exceeded early October last year's 15 contracts totaling about $56 million. The top contract was a Brooklyn Heights townhouse at 42 Monroe Place asking almost $8.9 million, a 26.5-foot-wide, 6,400-square-foot two-family home built in 1913 and held by the same family for 45 years. The second priciest contract was a Greenpoint penthouse asking nearly $6 million, a 1,780-square-foot duplex that underwent a $2 million renovation.

Read at therealdeal.com