The Real Deal New York

Brooklyn luxury market saw 11 contracts signed last week

Units went for average price of about $3.3M
April 02, 2018 09:31AM

There were 11 contracts signed last week in Brooklyn’s luxury real estate market, split between five condominiums and six houses.

The deals between March 26 and April 1 worth $2 million or more went for an average price of just over $3.3 million, and the total contract volume was about $36.5 million, according to the weekly report from Stribling & Associates. The priciest contract was a home in Cobble Hill at 31 Tompkins Place that went for $6.3 million. The house has 4,000 square feet of interior space, a 57-foot landscaped garden and a fireplace.

The second most expensive deal was a house in Park Slope at 897 Union Street that went for about $4.2 million. Architect Alfred White built it in 1889 in the Queen Anne and Romanesque style. It spans about 3,800 square feet and is currently designed as a four-bedroom one-family home but could also be converted into a two-family home.

Last week was significantly slower than the week before, when 21 contracts were signed in the Brooklyn luxury market.

Other large deals last week were a condo at 238 Carroll Street in Carroll Gardens for $3.7 million, a condo at 345 Carroll Street in Gowanus for about $3.6 million and a house at 232 Carlton Avenue in Fort Greene for just under $3 million. – Eddie Small