Pacific Street Cobble Hill

Pacific Street from Cobble Hill to Boerum Hill is seeing a remarkable number of record-breaking and high-end sales, in addition to a bevy of luxury construction, the New York Daily News has noticed. While much of the 10-block-long stretch is leafy and landmarked, the areas near commercial corridors are not where one might expect to find Brooklyn’s priciest home sale.

It’s clear that Pacific Street is having a moment. In June, photographer Jay Maisel paid $15,5000,000 for a townhouse there, shattering the record for the highest price paid for a Brooklyn townhouse. Famed singer Norah Jones also purchased a $6,350,000 carriage house on the street earlier this year, and interesting modern buildings designed by Morris Adjmi and Brooklyn local Teresa Byrne Salter are under way.

But is Pacific Street really the “new gold coast for luxury real estate” as the Daily News claims? We doubt that buyers are feverishly clamoring for a Pacific Street address as they once did for a Heights “fruit street.”

It’s likely, though, that the width of the lots — about four to six feet wider than typical — and proximity to downtown and the restaurants of Smith Street, not to mention a number of building owners ready to sell, have helped create a real estate hotspot.

[Source: NYDN | Photo: Cate Corcoran]

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