Los Angeles Lakers coach JJ Redick has stored his staff’s document afloat this 12 months regardless of accidents to star gamers like LeBron James and Austin Reaves.
The identical can’t be stated for the asking value of his Dumbo penthouse. However after dropping the ask to simply beneath $6 million, Reddick discovered a purchaser for the duplex atop 51 Jay Avenue, in accordance with Compass’ weekly report for contracts signed on properties asking a minimum of $2 million from Jan. 12 to Jan. 18.
Reddick purchased the house for almost $6.1 million in 2017, in accordance with public data. In 2021, he listed the almost 3,000-square-foot unfold for $8.5 million earlier than chopping the value to $7 million in 2022.
He took the house off the marketplace for three years earlier than re-listing it in September at $6.2 million and two months later dropping the value one final time.
That includes 4 bedrooms and 4 full loos, designer Michael Aiduss redesigned the house in 2019 from a pied-à-terre to a full-time residence, in accordance with a function in Architectural Digest.
The house has an excellent room with floor-to-ceiling glass home windows that leads out to a 2,500-square-foot panorama terrace. The first suite has its personal non-public terrace, whereas the higher stage has two extra bedrooms surrounded by one other terrace.
The contract was the priciest deal signed within the borough final week.
Compass’ Rachel Greenstein, Suzanne Koxvold and Toni Nicolo had the itemizing.
Reddick’s unit shouldn’t be the one to promote after a sequence of reductions within the 74-unit constructing. The final three condos marked as offered on StreetEasy have solely traded palms after the vendor lowered the asking value to under the value for which they purchased the unit.
A part of the issue sellers have had in recouping a revenue would possibly stem from a 2020 lawsuit during which the apartment board sued the sponsors, Adam America Actual Property and Slate Property Group, for alleged development defects. That case remains to be ongoing, in accordance with latest court docket filings.
The second most costly contract signed final week was for a Columbia Avenue Waterfront townhouse at 113A Columbia Avenue asking $4.4 million.
The vendor was Emma Fusco-Straub, best-selling writer and proprietor of fashionable Brooklyn e-book retailer Books Are Magic, which has shops in Cobble Hill and Brooklyn Heights, in accordance with public data. Fusco-Straub purchased the house for $4.1 million in 2015.
Spanning 4,000 sq. ft and that includes 5 bedrooms and three full loos, the house comes with a multi-car storage with a direct entrance inside. The primary three flooring have balconies going through the water and the highest ground holds a terrace. A non-public elevator providers all flooring.
Compass’ Ria Browne had the itemizing.
The 2 offers topped an in any other case sluggish week for the Brooklyn luxurious market. The borough scored 10 contracts — six condos and 4 homes — signed from Jan. 13 to Jan. 19 for a complete contract quantity of $33 million, in accordance with Compass’ weekly report of contracts for properties asking a minimum of $2 million.
Final week, Brooklyn’s luxurious market noticed 17 offers signed for a median contract quantity of $57 million.
The properties put into contract final week had a median asking value of $2.9 million, spent a median of 181 days in the marketplace and had a median low cost of three p.c.
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