1 Prospect Park West Tops Brooklyn Luxury Contracts

The top contract in Brooklyn’s luxury market found a buyer after seeking more than double what the seller paid.

The Park Slope townhouse, at 98 6th Avenue, led the market for Brooklyn homes asking at least $2 million that went into contract between Nov. 4 and Nov. 10, according to Compass’ weekly report.

The restored townhouse had an asking price of $8 million. Built in 1921, the home has six bedrooms and seven bathrooms, along with two rooftop decks, an elevator and four garages. The second-floor primary bedroom comes with a soaking tub and walk-in closet.

Brown Harris Stevens’ Ari Harkov, Kerrie Lynch and Warner Lewis of the Harkov Lewis Team had the listing. Douglas Elliman’s Joanne Douglas brought the buyer.

The home last sold for $3.3 million in 2013, when it was listed as a 21-room multifamily.

The second priciest contract last week went to a resale condo at 1 Prospect Park West.

Unit 3A, which spans 2,600 square feet and has four bedrooms and three bathrooms, had an asking price of $6.6 million. The unit last sold for $4.3 million in 2021.

The condo features 12-foot ceilings, pinewood flooring and a custom-designed kitchen with a cast iron sink. Workstead designed the unit.

Compass’ Todd Lewin and Michael Rubin of the Lewin Rubin Team had the listing.

The nine-story building dates back to 1920. Sugar Hill Capital Partners bought the building in 2016 for $84 million and converted the former senior facility into 67 condos. The building currently holds 55 residential units, according to public records.

The building, which comes with an attended lobby and library, a rooftop with private gardens and a fitness studio, has been home to some of the borough’s previous top condo deals.

In August, 2,144-square-foot unit 3B claimed the top contract of the week with an asking price of $4.9 million. It had previously sold for $3.6 million in 2021.

Last week, 21 homes — 12 condos and eight townhouses — went into contract asking at least $2 million in Brooklyn for a total contract volume of $72 million. The performance nearly perfectly matched that of the same week last year, which had 21 contracts for a total volume of $71 million.

Despite the fall surge across the city, deals have still fallen far short of the pandemic-era boom in 2021. During the same week in November 2021, Brooklyn had 26 homes enter contract asking at least $2 million for a total contract volume of $95 million.

Contracts last week had an average price per square foot of $1,481 and lasted an average of 126 days on the market.

This article has been updated to include the buyer’s broker for 98 6th Avenue.