BROOKLYN | MARCH 2021
According to city records the median sale price in Brooklyn for the month of March was $730,000. This is on par with last year’s median price, which was $727,500 for the borough. Not surprisingly, the number of apartments sold jumped from 408 to 472, an increase of 16%.
So what do you get for $730K in Brooklyn? Today we will look at two of the four apartments that defined the median pierce for March 2021.
Apartment 3-C at 25 Parade Place is a charming pre-war two-bedroom located across from the Parade Grounds of Prospect Park. Walk out the front door of this art-deco co-op and the park beckons.
This renovated home is an atypical two-bedroom with six true rooms. While the rooms may be a tad small, they provide an easy way to compartmentalize one’s life. There is a home office off the second bedroom and a small corner dining room that adjoins the kitchen. There is also a well-proportioned foyer which adds a touch of formality to the home. We love the detailing on the archways that lead away from the foyer in three different directions. Heavy base and crown moldings add additional character. A washer/dryer adds convenience.
25 Parade Place is a six-story art-deco style building with a recessed street entrance. The building is one of a multitude of modest pre-war red-brick structures that line this stretch of Parade Place. This is a non-doorman building.
Apartment 3-C hit the market in late November and within six weeks went to contract for $35,000 more than the original ask of $695,000. Helen Chee and Rezwan Sharif of Compass represented the listing. To view this home, click here
The second apartment that defined the median price for Brooklyn for March is located at 98 Front Street, a cubist-style new development in Dumbo by award-winning architectural firm, ODA. No doubt that the irregular elevation requires a double-take.
Apartment PH-1L is a finely crafted one-bedroom penthouse apartment that measures out at 457 square feet. But size doesn’t matter here; the apartment is flush with top-end finishes and the building provides a bevy of amenities.
The residence features tall ceilings with a polished concrete finish, custom sound attenuated windows with multi-pane glazed glass, wide plank oak flooring and solid core doors. The open kitchen offers custom Italian oak rift cabinets, Corian countertops and backsplashes and a Bosch appliance package. There is a washer/dryer as well.
But the best of 98 Front Street might be outside your door. Our favorite amenity is the 7000 square foot roof deck. This common area offers multiple kitchens, screening capabilities, and an outdoor workout facility with Brooklyn Bridge views. Additional amenities include a saltwater pool, spa, steam room, fitness club, bike storage, resident’s lounge, and a children’s playroom. The building provides a full-time doorman. It is also LEED Certified.
Triumph Property Group is the exclusive marketing agent for 98 Front Street. Click here to view this apartment.