The home at 48 Willow Place, asking $12 million, emerged as the most expensive listing in Brooklyn’s luxury market, highlighting a significant trend in high-end real estate.
Local architects Joseph and Mary Merz purchased the landmark property for just $11,000 in the 1960s due to unplanned developments in the area that made the home a steal.
After being renovated, the 5,500-square-foot home boasts six bedrooms, four bathrooms, a garden, and garage, before selling again for $5.8 million to an unknown buyer.
In total, of the 17 homes that entered contract, the average asking price was $3.4 million, reflecting not just demand but also the luxury market's resilience post-Labor Day.
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