Rory Gilmore and Pete Campbell just recently sold their Brooklyn Heights duplex for $1.32 million. The happy couple listed the duplex last year at a price of $1.56 million. Their apartment was a two story penthouse with a 500 square foot rooftop terrace. For a penthouse with a rooftop terrace, $1.32 million seems like an amazing deal. It is shocking to see that Rory and Pete had to drop the price by roughly $240,000 though in order to get the deal done. Many may ask if the duplex was at the wrong price point, but looking at the pictures it looked like a bargain at $1.56 million.
That is the great thing about fair market value; as scientific and statistically sound as it is meant to be, if there isn’t strong demand for a duplex in that price point for that section of town, the price has to drop until the demand picks up again. That’s where the saying Timing the Market comes into play. In the end, all that matters is supply and demand. There needs to be a buyer out there that wants your apartment and is willing to pay your asking price.
105 Montague Street.
This one bed two bath penthouse coop checks most, if not all of the boxes when looking for high-end amenities. The unit has hardwood floors, stainless steel appliances, main floor master, and appears to have been completely renovated. The 18-foot ceilings provide the apartment with a very open and spacious feel. The apartment comes with a Viking range, Subzero fridge, Miele dishwasher, granite countertops, and marble flooring.
The 500 square foot rooftop terrace is a huge asset. The ability to increase your living space with that terrace is priceless. It will give the new owners a lot of flexibility, and freedom especially in the fall and spring. Outdoor space is a premium luxury in NYC. If you don’t have green space access as part of your apartment, a private rooftop terrace is the next best thing.