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Half of Red Hook's New Townhouses Sell In Just One Week

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When Sanba's King & Sullivan Townhouses hit the market one week ago, commenters here couldn't believe that people would pay upwards of $2.5 million to live in "transit-starved" Red Hook. "It's going to be tough for them to move 22 of them at those prices," said Eradicator, and many of those who chimed in agreed. But it looks like they were wrong: According to an update in The Real Deal, 12 of the 22 homes have already sold for an average price of $2.7 million. Elliman sales director Patty LaRocca, who's in charge of the project, said that many of the buyers are coming from nearby neighborhoods (duh), and compared the vibe to "Soho in the 1970s or 1980s," according to TRD. "It has that mix of industry and low density and artists and it's super chill," she said. How multi-million dollar luxury homes fit into that industrial, chill environment remains to be seen.

Buyers snap up Sanba Partners' Red Hook townhouses [TRD]
Red Hook's Luxury Townhouses Now Available From $2.65M [Curbed]
All King & Sullivan Townhouses Coverage [Curbed]