Australian REIT Snags Two $6M Brooklyn Townhouses in Strong Luxury Contract Week
Australian REIT Snags Two $6M Brooklyn Townhouses in Strong Luxury Contract Week
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July 23, 2025 | New York City
The US Masters Residential Property Fund, an Australian real estate investment trust, secured contracts for two Brooklyn townhouses last week — both listed at $6 million. The deals were part of a strong showing in the borough’s high-end market, with 22 contracts signed for homes asking $2 million or more, totaling $71 million, according to Compass.
The first property, located at 10 Polhemus Place in Park Slope, is a 4,500-square-foot limestone townhouse with four bedrooms and four full bathrooms. Originally purchased for $3.3 million in 2013, the home was previously rented for $13,000 per month. Its features include a wet bar, two laundry areas, a private garden, and intricate stained glass skylights in the primary suite.
The second townhouse, at 233 Bergen Street in Boerum Hill, spans 2,990 square feet and boasts five bedrooms, five bathrooms, a private elevator, multiple terraces, and a rooftop deck. Acquired for $2.8 million in 2017, it was the only Boerum Hill property held by the fund, which owns more than 70 homes across the New York metro area.
These purchases highlight the continued interest from global investors in Brooklyn’s luxury housing market, particularly townhouses in well-established neighborhoods. Last week’s median asking price among all signed contracts was $3 million, with an average of $1,542 per square foot.
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