The Real Deal New York

Brooklyn luxury market saw 24 contracts signed last week

Condos went for an average price of about $3.1M
May 29, 2018 11:05AM

100 Amity Street and 205 Water Street

There were 24 contracts signed in the Brooklyn luxury market last week, split between seven condos and 17 houses.

The properties went into contract for an average price of about $3.1 million and spent an average of 113 days on the market, according to the latest report from Stribling & Associates, which tracks deals $2 million and above.

The total sales volume for deals between May 21 and May 27 was roughly $75.4 million. That’s down from the prior week, which was Brooklyn’s busiest of the year with 30 contracts worth about $89 million.

The top contract last week was for a condo at Fortis Property Group’s 100 Amity Street in Cobble Hill, which went for $6.7 million. The duplex, which is part of the former Long Island College Hospital redevelopment, contains five bedrooms and 4.5 bathrooms.

The second priciest deal was for a condo at Toll Brothers’ 205 Water Street in Dumbo, which was just under $5.4 million. The developers combined two apartments to create a four-bedroom unit with almost 3,000 square feet of private roof space.

Other notable deals from last week included a $4.7 million house at 39 South Portland Avenue in Fort Greene and a $4.2 million house at 307 State Street in Downtown Brooklyn. – Eddie Small