Reimagined Cobble Hill Townhouse Closes Under Asking for $12.25 Million

A reimagined five-bedroom townhouse in Brooklyn, NY, has sold for under asking in the high-profile Eckstrom luxury development in an off-market transaction.The home at 487 Henry Street closed for $12.25 million. It was originally listed at $14.25 million.Located in the tree-lined Cobble Hill neighborhood, the 19th-century structure was acquired by Eckstrom for $4.7 million in 2024 and underwent an extensive renovation in collaboration with General Assembly.The home’s historic stoop and facade “remain intact,” while the interiors have been entirely modernized and now offer an energy-efficient design “incorporating passive design principles.”Originally listed for $14,250,000 in April 2026, the home was reduced to $12,995,000 in October 2026."We started off a little high, took it off the market, and I ended up selling to someone who originally saw it about a year and a half ago when it was undergoing construction," Eckstrom co-founder Carlos Saavedra tells Realtor.com®."It was put at the right price and was at a number that made sense."Saavedra, also with Park Property Advisors, along with Carl Gambino with the Gambino Group at Compass represented the listing on the seller side. Frank...