The Real Deal New York

Brooklyn luxury market kicks off May with 17 signed contracts

Deals were worth about $58.7M in total
May 07, 2018 10:05AM

138 Columba Heights and 90 Furman Street

138 Columba Heights and 90 Furman Street

The Brooklyn luxury market started off May with 17 signed contracts for a total of about $58.7 million, split between nine houses, six condominiums and two co-ops.

The deals between April 30 and May 6 went for an average price of about $3.4 million, according to the latest report from Stribling & Associates. They spent an average of 113 days on the market.

The most expensive deal was for a co-op at 138 Columbia Heights, which went for $4.5 million. The unit is a three-bedroom duplex with two wood burning fireplaces, built in bookshelves and floor to ceiling windows.

The second most expensive deal was a condo at 90 Furman Street that went for just under $4.5 million. The three-bedroom unit is part of the Pierhouse development and features building amenities including a meditation studio, pet-wash and two fitness centers.

The market was slightly slower to kick off May than it was to close out April, as 19 contracts were signed during that month’s final full week for a total of about $63.4 million.

The four most expensive deals were all in Brooklyn Heights last week, with the third spot going to a house at 28 Orange Street for about $4.4 million and the fourth spot going to a condo at 130 Furman Street for just under $4.3 million. – Eddie Small