Saturday, December 22, 2007

Southern Brooklyn sees eye-popping sales

From the December issue: If you thought the most expensive area of Brooklyn was Brooklyn Heights, think again. While Brooklyn Heights has had some eye-popping sales -- a townhouse at 140 Columbia Heights sold last year for $10.75 million -- Southern Brooklyn, home to some very quiet and moneyed enclaves, may beat it in terms of super-luxury sales. In 2003, a mansion on Avenue S in Gravesend went for $11 million. And in October, Midtown Equities founder and Sears Tower co-owner Joseph Cayre sold his house in nearby Midwood for $10 million, according to public records. That latest sale, at 3542 Bedford Avenue, is for a 7,526-square-foot home that takes up multiple lots and is deceptively larger than its frontage.

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source: therealdeal.net

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