Brooklyn’s priciest homes just staged a full-on stampede at the end of April, as buyers rushed to ink contracts on 37 properties asking $2 million or more and pushed signed asking volume to roughly $156 million. The spending spree spanned renovated townhouses and shiny new condo units in Cobble Hill, Park Slope and neighboring brownstone hot spots.
The haul, covering the April 27 to May 3 reporting period, was the biggest single-week luxury tally in the borough since Compass began tracking these numbers in 2020. In that window, buyers signed on for 20 condos, two co-ops and 15 single-family homes. The median asking price clocked in at $3.5 million, with an average asking price of about $1,739 per square foot and an average of 79 days on market, according to The Real Deal.
Cobble Hill Townhouse Takes the Top Spot
The week’s star contract was a Cobble Hill townhouse at 126 Pacific Street, which carried a $10.5 million asking price. The 25-foot-wide home spans about 6,500 square feet and includes seven bedrooms, five bathrooms, a parlor level with 11-foot ceilings and two working fireplaces. It last sold in 2007 for roughly $2.75 million, according to Compass.
Park Slope Runner-Up Keeps Pace
Not far behind, a fully renovated Park Slope townhouse at 527 3rd Street landed the second-priciest contract of the week. The home was asking $10 million and offers five bedrooms and four full bathrooms, anchored by a dramatic two-story garden window and a central skylight. Public records show the townhouse last traded in 2022 for about $7.3 million, and the current listing is handled by Sotheby's International Realty agents, per online listings on StreetEasy and the broker's MLS entry.
Fresh-Faced Condos Help Juice the Numbers
The condo pipeline did plenty of lifting too. At 110 Boerum Place in Cobble Hill, a new development marketed by Avdoo notched its first six contracts during the week, including a penthouse asking $7.5 million, according to listings for the project on Compass. The penthouse is listed with roughly 2,629 square feet of interior space and more than 1,300 square feet of private outdoor space, a clear lure for buyers who want serious indoor-outdoor living in the heart of Cobble Hill.
Why It Matters
After several weeks of brisk high-end activity, Brooklyn’s luxury scene looks more like a steady drumbeat than a one-off spike. Earlier in April, a wave of brownstone deals helped push weekly volume past $70 million, a pattern highlighted in Brownstones Lead $71M Spring Surge coverage of the spring market.
Signed contracts reflect buyer intent rather than closed sales, and some of these deals will inevitably fall apart before the finish line. Even so, jumping to roughly $156 million in signed asking volume in a single week is a pretty loud signal that deep-pocketed buyers are actively chasing trophy townhouses and high-end condos across Brooklyn.
