"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."
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.
Read at therealdeal.com
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