The Real Deal New York

Brooklyn luxury market had 13 signed contracts last week

Deals were split between seven condos and six houses
May 14, 2018 10:30AM

4 Hunts Lane and 418 4th Street

The Brooklyn luxury market saw 13 contracts signed during the second week of May worth a total of about $37.7 million.

The deals between May 7 and May 13 worth $2 million or more were split between seven condos and six houses, with no co-ops making the cut this time, according to the latest report from Stribling & Associates. The deals went for an average price of about $2.9 million and spent an average of 161 days on the market.

The priciest deal last week was for a townhouse in Brooklyn Heights at 4 Hunts Lane, which went for roughly $5.4 million. The three-bedroom home contains a large basement with a separate office, and this was the first time it had been on the market in 26 years.

The second most expensive deal was for a townhouse in Park Slope at 418 4th Street, which went for about $3.5 million. The townhouse was built in 1901 and includes a landscaped backyard.

The market was slightly slower last week than the week before, when 17 contracts were signed for about $58.7 million overall.

Other notable deals last week included a condo at 1 Grand Army Plaza in Prospect Heights for about $3.3 million and a home in Fort Greene for 232 Carlton Avenue that last listed for just under $3 million. – Eddie Small