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.
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.
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