Brooklyn Heights Townhouse Tops Borough’s Luxury Market

Another week in Brooklyn, another luxury townhouse to find a buyer.

A Brooklyn Heights brownstone last asking $6.5 million was the priciest home in the borough to land a signed contract last week, according to Compass’ weekly report.

The five-story townhouse at 50 Garden Place spans 4,400 square feet and has six bedrooms and four bathrooms. Built in 1885, the home also features a garden, 95-foot lot, wood-burning fireplace and central air conditioning.

The home is configured as a multifamily property with a three-bedroom, three-bathroom owner’s triplex residence and a three-bedroom, one-bathroom duplex on the upper floors.

Brown Harris Stevens’ Brian Lehner had the listing.

The second most expensive home to enter contract was Unit PHA at 11 Hoyt Street in Downtown Brooklyn. The penthouse last asked $5.5 million, down from its $6.6 million price tag when it hit the market in 2022.

The 2,700-square-foot condo has three bedrooms and three bathrooms.

The unit also features a corner living and dining room, large bay windows and open chef’s kitchen. Amenities in Tishman Speyer’s 481-unit building include a full-time doorman, fitness center, lap pool, squash court and spa.

Corcoran heads sales at the 57-story tower.

Since sales launched in 2018, the building has notched a number of pricey contracts, including a top-floor penthouse. Last April, Penthouse B snagged a buyer with an asking price of $6.1 million. Three months later, Unit 41A found a buyer with an asking price of $3.5 million.

Brooklyn’s luxury market has been picking up heading into the spring, which is typically a bustling season for residential real estate deals. Last week, buyers signed contracts for 24 homes in the borough asking $2 million or more, up from 20 in the previous period.

Of the total contracts inked, 13 were for condos and 11 were for townhouses.

The homes had an average asking price of $2.9 million, which works out to about $1,500 per square foot. The properties spent an average of 138 days on the market with an average discount of 1 percent from the listing price.