"An unfinished five-story home in Fort Greene set a record for the neighborhood when it was sold for $8.8 million. The seller had bought the property for $4.7 million."
"Townhouses have accounted for nearly 78 percent of deals above $5 million in the borough, compared to 76 percent in the same period last year and 69 percent in the same period in 2022."
Brooklyn townhouses are experiencing heightened buyer interest and record sales. Notable transactions include an unfinished home in Fort Greene sold for $8.8 million and a new construction in Greenpoint asking $7.2 million. Townhouses represented nearly 78 percent of luxury deals over $5 million from January to July 2023, showing growth since 2022. Increased demand stemming from the pandemic has led to lower inventory and rising prices, motivating long-time owners to sell their properties at premium rates. New developments also feature innovative townhouse designs that cater to this demand.
Read at therealdeal.com
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