In 2024, townhouses emerged as the leading segment of Brooklyn's luxury real estate market, showcasing high-value transactions with several sales exceeding $10 million. However, despite this growth, the all-time record sale price of $25.5 million, set in 2020, remained unchallenged. The year saw the transformation of several properties, including commercial conversions into private residences. Despite significant sales and a thriving demand for luxury housing, surpassing the $10 million threshold remains complex, as evidenced by the competitive nature of the market and a limited supply of such high-end properties.
Townhouses dominated Brooklyn's luxury real estate market in 2024 with significant multimillion-dollar sales, yet the highest sale record remains the same since 2020.
The borough's most expensive sales in 2024 reflect a growing demand for luxury properties, yet surpassing the $10 million mark is still a challenge.
Despite notable sales, Brooklyn has yet to breach the all-time high for real estate transactions, which stands at $25.5 million from 2020.
The luxury market saw minimal surprises with conversions of previous commercial properties into high-end residences, indicating a shift in property utilization.
Collection
[
|
...
]