The top contract in Brooklyn this week is a Williamsburg townhouse priced at $10 million, which could break the neighborhood's price record. This 5,550-square-foot home was developed by brokers Blackburn and Barak, who purchased the land for $2.1 million in 2022. Townhouse sales in Brooklyn are booming, up 21 percent from last year, especially in Brownstone Brooklyn neighborhoods. Blackburn chose to develop a single-family home, anticipating demand for high-end properties in an area lacking them, having prior success with condos in the region.
The Williamsburg home at 101 South Second Street and 276 Berry Street scored the top contract in Brooklyn with an asking price of $10 million. If it sells, it would shatter the neighborhood's price record, currently held by a condo that sold for $8.3 million.
Blackburn and Barak bought the land for $2.1 million in 2022 and had their eyes on the site for years, noting a lack of beautiful high-end homes in the area.
Townhouse sales in Brooklyn have surged, with a 21 percent increase in sales volume this year, particularly in Brownstone Brooklyn neighborhoods like Brooklyn Heights and Park Slope.
Opting for a single-family home was strategic, as Blackburn and Barak recognized the demand for fabulous private homes in the neighborhood. They had sold condos for three to five million and identified a market for luxury homes.
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