A majestic, modern mansion with a gleaming, silver-gray façade, surrounded by lush greenery, with a sleek, black sports car parked in the driveway, set against a vibrant, sunset-lit Brooklyn skyline.

Brooklyn's Luxury Market Sparkles With Top Mansion

Brooklyn's luxury real estate market has been reinvigorated by the listing of a stunning 19th-century mansion at 19 Montgomery Place in Park Slope, boasting an impressive $15 million price tag and solidifying its position as a top contender in the borough's high-end market. This historic mansion features 6,200 square feet of living space, six bedrooms, five bathrooms, and luxurious amenities, meticulously restored after a three-year renovation. With a notable penthouse addition, this property is a true gem. As we explore further, the intricate details of Brooklyn's luxury market come into focus, revealing a complex landscape of high-end properties and savvy agents.

Key Takeaways

• Brooklyn's luxury market shows resilience with an uptick in total contracts signed, averaging 151 days on the market.
• A 19th-century mansion at 19 Montgomery Place in Park Slope is listed for $15 million after a three-year renovation.
• The property features 6,200 square feet of living space, six bedrooms, five bathrooms, and luxurious amenities, including a penthouse addition.
• Notable agents, including Jeremy Stein and Matthew Lesser, are involved in Brooklyn's luxury deals, with townhouses accounting for 13 of 19 total contracts signed.
• The average asking price in Brooklyn's luxury market is $3.7 million, with an average listing discount of 1%.

Luxury Property Takes Center Stage

One of Brooklyn's most coveted properties, a stunning Park Slope townhouse at 19 Montgomery Place, has taken the spotlight in the borough's luxury market, boasting a hefty price tag of $15 million.

This impressive property has a rich history, last trading hands in 2012 for $5.2 million. After undergoing a three-year renovation, the townhouse now features a controversial penthouse addition, sparking debate among locals.

Despite the penthouse controversy, the property's luxury appeal remains unabated, solidifying its position as a top contender in Brooklyn's high-end market.

With its extensive renovation and storied past, 19 Montgomery Place is an intriguing addition to the borough's luxury landscape.

Historic Mansion's Impressive Features

This stunning 19th-century mansion, built by renowned architect C.P.H. Gilbert, boasts an impressive 6,200 square feet of living space. It features six bedrooms, five bathrooms, and an array of luxurious amenities. The property's architectural details showcase Gilbert's craftsmanship, with gas fireplaces and a steel and glass deck adding to its grandeur.

Following a three-year renovation, the mansion has been meticulously restored to its former glory, blending historic charm with modern comforts. The addition of a penthouse with an elliptical skylight, gym, and outdoor spaces further enhances the property's appeal.

With its rich renovation history and opulent features, this luxury mansion is truly a masterpiece of Brooklyn's luxury market.

Real Estate Deals and Agents

Sotheby's Jeremy Stein secured the exclusive listing for the 19 Montgomery Place property, while Corcoran's Ryan Kaplan brought the buyer to the table, exemplifying the high-stakes transactions that define Brooklyn's luxury market.

Notable real estate agents and deals include:

  1. Stein and Corcoran's Dana Power represented sellers in a $32.5 million deal.

  2. Leslie J. Garfield's Matthew Lesser listed 67 Remsen Street.

  3. Total contracts signed last week increased from the previous period.

  1. Townhouses accounted for 13 of the deals, with condos making up the remaining six.

These transactions demonstrate the expertise and finesse of Brooklyn's top real estate agents, as they navigate complex property deals and bring high-end properties to market.

As the luxury market continues to thrive, these agents will play an essential role in shaping the borough's real estate landscape.

Runner-Up in Brooklyn's Luxury

Behind the top-selling 19 Montgomery Place property, 67 Remsen Street in Brooklyn Heights takes the second spot in Brooklyn's luxury market, boasting an asking price of just under $7 million.

This stunning 6,000-square-foot property has a rich history, dating back to 2012 when it last traded for $3.25 million. With five bedrooms and four bathrooms, the property features an elevator and rooftop terrace, offering luxurious living spaces.

Leslie J. Garfield's Matthew Lesser listed this property, which is now awaiting a discerning buyer. Buyer representation is imperative in securing a deal like this, where every detail matters. A thorough understanding of the property history and market trends is essential for a successful transaction.

Brooklyn's luxury market demonstrated resilience last week, with a notable uptick in total contracts signed compared to the previous period. This surge in activity is a promising sign for the market.

Here are some key stats that paint a picture of the current luxury market:

    1. Average asking price: $3.7 million
    1. Average days on the market: 151
    1. Average listing discounts: 1%
    1. Total contracts signed: 19 (13 townhouses, 6 condos)

These numbers indicate a relatively stable market, with properties taking around five months to sell at close to their original listing prices.

As the market continues to evolve, it will be interesting to see if these trends hold steady or shift in response to changing buyer and seller behaviors.

Frequently Asked Questions

What Inspired the Penthouse Addition's Elliptical Skylight Design?

The penthouse addition's elliptical skylight design was inspired by the pursuit of natural light and architectural innovation, seamlessly blending form and function to create a unique, luxurious living space that maximizes illumination and visual appeal.

Are There Any Historic Preservation Restrictions on the Property?

As a historically significant property built in the late 1800s, the townhouse may carry Landmark status, imposing Design limitations on renovations and additions, ensuring architectural integrity is maintained while allowing for modernizations like the penthouse addition.

How Does the Luxury Market in Brooklyn Compare to Manhattan's?

Can Brooklyn's luxury market truly rival Manhattan's? Comparing the two, Brooklyn's price points are relatively more accessible, with an average asking price of $3.7 million, whereas Manhattan's sales volume and prices remain markedly higher, setting a distinct tone for each market.

What Kind of Renovations Were Done to the Property's Interior?

The Park Slope townhouse underwent a three-year renovation, featuring custom finishes and grand chandeliers, that greatly enhanced its luxury appeal, transforming the 19th-century property into a modern masterpiece with opulent amenities.

Are There Any Notable Neighbors or Nearby Attractions?

The Park Slope townhouse, situated in a desirable neighborhood, boasts proximity to nearby parks, including Prospect Park, and has likely witnessed celebrity sightings, adding to its allure and exclusivity.

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