My 2 Cents: Recent Activity in the Local Market

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30 Strong Place, Cobble Hill, was recently brought to market and within a couple of days had an accepted offer. The single-family townhouse had an advertised asking price of $2,800,000, or $825 per sq ft. To be honest I thought this property was priced aggressively due to its age, non-modernized systems, and what appears to be significant deferred maintenance. The market proved me wrong – it may have been underpriced. Demand is obviously still strong for brownstone Brooklyn townhomes and since only a handful of townhomes trade hands in Cobble Hill every year sellers are doing well if their property is priced right and competing properties are limited in number.

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