My 2 Cents: Recent Activity in the Local Market

Note: These posts are a part of our weekly email updates that we send to our exclusive buyer and seller clients, weeks in advance of posting them here. If you would like to be put on our exclusive distribution list, please send me an email:dbrennan@brennanrealestate.com.

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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