Brooklyn’s luxury market, led by Steve Nash’s Cobble Hill row house deal, continued to rise last week in Manhattan, reversing a mid-May decline in Manhattan.
The borough signed 32 contracts for homes priced at $2 million or more, up from 25 in the previous period, according to Compass’ weekly report. The market’s weekly transaction totals are in line with those for this time in 2022, when contracts signed increased throughout the month.
Of last week’s total, 10 transactions were for condos and 22 were for townhouses.
The most expensive home that came under contract last week was Nash’s 82 Amity Street in Cobble Hill, which had an asking price of $6.3 million. The former Nets coach bought it for $5 million in late 2020.
Nash has been sacked in six games this season in the NBA.After being fired, he tweets Thank you letters to the Nets and Brooklyn, noting, “Family comes first, my family has found a home here and loves being a part of this beautiful community.” But at the end of the school year, he put the townhouse on the market.
The 20-foot-wide house spans 4,200 square feet and has five bedrooms and four bathrooms. The house has recently been completely renovated and has a beautifully landscaped garden and a finished cellar.
Ravi Kantha by Leslie J. Garfield list.
Fortis’ Olympian Dumbo, the Nets’ enigma Ben Simmons bought a unit last year and is again near the top of the borough’s contract list. Unit 21B in the sail-shaped building was the second-most expensive home to come under contract last week, with an asking price of $5.4 million. The 2,200-square-foot apartment at 30 Front Street has three bedrooms and two bathrooms.
The unit features floor-to-ceiling windows, an open concept kitchen and living room, and a master bedroom with a walk-in closet. Building amenities include garden lounge, fitness center, bowling alley, indoor and outdoor pools, and 24-hour doorman.
Residents began moving into Fortis’ flagship project on the block in February, nearly two years after the 33-story, 76-unit property went on sale and broke price records for the borough. The sail-shaped building is the most expensive condo submitted in 2021 and is expected to sell for $404 million, making it poised to be the most expensive condo project per square foot in the borough.
The average asking price for the 32 contracts was $3 million, with an average price per square foot of $1,267. The homes have been on the market for an average of just 85 days and have averaged a 1% discount off the original listing price.
