Tech entrepreneur’s Park Slope townhouse flip tops Brooklyn luxury market
A restored 1901 townhouse and a new build townhouse topped Brooklyn's luxury market last week, with 19 contracts signed for a total asking volume of $54 million.
According to Compass' weekly reports, 19 contracts were signed for homes asking at least $2 million in Brooklyn from September 15th to September 21st. This is slightly lower than the previous week, which saw 19 contracts signed for a total asking volume of $55 million.
However, this is still a significant increase from the same time last year, when 21 luxury contracts were signed for a total asking volume of $59 million.
The top contract last week went to a historic Park Slope townhouse that was restored by tech entrepreneur, David Friedlander. The townhouse, built in 1901, was listed for $9.5 million and features six bedrooms, a garden, and a rooftop terrace. Friedlander purchased the property in 2018 for $4.4 million and spent two years renovating it.
Another top contract was signed for a new build townhouse in Park Slope, listed for $6.35 million. The townhouse, located at 174 Garfield Place, features five bedrooms, a garden, and a rooftop terrace. The property was designed by architect Peter Landis and was originally listed for $7.5 million in 2016.
The luxury market in Brooklyn continues to see strong demand, especially in popular neighborhoods like Park Slope. With tech entrepreneurs like Friedlander investing in the borough, we can expect to see more high-end properties hitting the market in the future.