Townhouses Top Brooklyn Luxury Market In Last Week Of June

Townhouses continued their hot summer streak in Brooklyn’s luxury market, with one peak property trading before listing.

The property type took home the four most expensive contracts signed last week, making its fifth consecutive week atop the Brooklyn luxury market, according to Compass’ weekly report on properties asking $2 million or more.

In total, 26 properties — 13 townhouses and 13 condos — secured signed contracts in the last full week of June. The total number of deals was the same from the previous week.

The priciest was a townhouse at 32 Garden Place in Brooklyn Heights. The five-bedroom, four-bathroom home entered contract after asking $6.3 million.

Serhant’s Kantha Team, led by Ravi Kantha, had the listing.

The roughly 3,000-square-foot home went to contract before Kantha’s team listed it, according to the broker, who said the pre-market enthusiasm “shows how valuable these assets are when they check all the boxes.”

The second most expensive contract went to 612 3rd Street in Park Slope. The roughly 4,600-square-foot townhouse, which had a final asking price of $5.99 million, was built in 1909 and has four beds and four baths.

The four-story home, which sits between Eighth Avenue and Prospect Park West, includes a finished basement, three outdoor spaces and a rooftop study.

Corcoran’s Judith Lief had the listing.

The first condos to make the list were in fourth and fifth place last week, and were both four-bedroom units at Hudson Companies’ 1 Clinton Street.

Unit 30B was last asking $4.6 million and Unit 26B last asked $4.5 million. Both units have roughly 2,560 square feet.

The 38-story tower in Brooklyn Heights has been a mainstay in Brooklyn’s top condo contracts since sales launched in 2019.

Unit 28B in the building went into contract last week with an asking price of $4.5 million, and in the last week of February, two units in One Clinton scored the top two contracts in Brooklyn with asking prices of $5 million and $4.9 million, respectively.

Sales at the building, which is on the site of the former Brooklyn Heights Library, are led by James Cornell, Leslie Marshall and Nick Hovsepian of Corcoran.

Properties spent an average of 127 days on the market. The week’s median asking price was $2.99 million, with an average price per square foot of $1,480. That’s up from the same week last year, which had a median asking price of $2.6 million and a price per square foot of $1,258.