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New York

Brooklyn’s luxury market takes a breather

Just 14 homes asking $2M+ found buyers last week

325 Henry Street, Corcoran’s Leslie Marshall; 100 Jay Street, Serhant’s Jennifer Lee (Google Maps, Getty, Serhant, Corcoran)
325 Henry Street, Corcoran’s Leslie Marshall; 100 Jay Street, Serhant’s Jennifer Lee (Google Maps, Getty, Serhant, Corcoran)

A Cobble Hill condo capped a slower week for luxury contracts in Brooklyn. 

Unit 2B at 325 Henry Street, asking $5 million, was the priciest home to snag a signed deal in the borough between April 8 and April 14, according to Compass’ weekly report. Buyers signed contracts for 14 Brooklyn homes asking $2 million or more, down from 24 in the previous period. 

The 2,200-square-foot unit, built in 2016, has four bedrooms and three bathrooms. It also has private outdoor space, an entry foyer, marble counters in the kitchen and black mullioned windows. 

The condo last traded for $4.2 million in 2019. Corcoran’s Leslie Marshall had the listing. 

The design for the building on the corner of Atlantic Avenue was inspired by a gas station that occupied the site before it was developed by On The Level Enterprises and Avery Hall Investments. 

Amenities in the four-story, eight-unit building include a virtual doorman, automated parking system and private storage. 

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The second most expensive home to enter contract was Unit 31BA at 100 Jay Street in Dumbo, with an asking price of $4 million. The 2,500-square-foot condo, built in 2006, has three bedrooms and three bathrooms.

The corner apartment features views of the river, bridge and city skyline through its floor-to-ceiling windows. It also has an open-concept kitchen, hardwood floors and black granite countertops. 

Serhant’s Jennifer Lee had the listing.

The Hudson Companies building, also known as the J Condominium, spans 33 stories and 267 units. Among the property’s amenities are a fitness center, 24-hour attended lobby and garage. 

Of the 14 contracts inked, one was for a co-op, two were for townhouses and 11 were for condos. 

The homes had an average asking price of $3 million, which works out to about $1,500 per square foot. The properties spent an average of 145 days on the market with an average discount of 1 percent from the listing price.

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Compass
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BrooklynCobble HillDumbo