"Brooklyn's luxury real estate market experienced a remarkable surge, with buyers signing contracts on 37 properties priced at $2 million or more, resulting in a total of approximately $156 million in signed contracts during a single week."
"The standout property was a Cobble Hill townhouse at 126 Pacific Street, listed for $10.5 million, featuring seven bedrooms and five bathrooms, showcasing the high demand for luxury homes in the area."
"A fully renovated Park Slope townhouse at 527 3rd Street was the second-priciest contract of the week, asking $10 million and offering five bedrooms, highlighting the competitive nature of the luxury market."
"New developments, such as the condos at 110 Boerum Place in Cobble Hill, played a significant role in the sales surge, with a penthouse listed for $7.5 million contributing to the overall luxury market growth."
In late April, Brooklyn saw a significant increase in luxury home sales, with 37 properties sold for $2 million or more, totaling around $156 million. This marked the highest single-week luxury sales since 2020. The sales included 20 condos, two co-ops, and 15 single-family homes, with a median asking price of $3.5 million. Notable properties included a $10.5 million Cobble Hill townhouse and a $10 million Park Slope townhouse. New condos also contributed to the sales surge, with a penthouse at 110 Boerum Place asking $7.5 million.
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