A five-story unfinished townhouse at 39 South Portland Avenue sold for a record $8.75 million in an all-cash deal. The local developer Vadem Brodsky had intended to convert the property into a four-unit condominium with a total sellout of $10.6 million. The sale surpasses the previous highest sale in Fort Greene of $7.9 million for a nearby townhouse. The buyer, linked to Amplify CEO Larry Berger, is expected to enhance the property significantly, given its prime location and large size, including a private garden.
The unfinished townhouse at 39 South Portland Avenue sold for $8.75 million in an all-cash deal, marking the highest sale in Fort Greene history.
Vadem Brodsky planned to convert the property into a four-unit condominium with a projected sellout of $10.6 million before the record sale occurred.
The sale topped a previous record of $7.9 million for a nearby townhouse, with the new property estimated at $1,365 per square foot.
Douglas Elliman's Aran Scott described the property as highly desirable due to its location and stated that once completed, it will be irreplaceable.
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