Brooklyn luxury market saw 24 contracts signed last week

Condos went for an average price of about $3.1M

New York /
May.May 29, 2018 11:05 AM

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


Related Articles

arrow_forward_ios
(iStock/Illustration by Alexis Manrodt for The Real Deal)
Mortgage rates surge — and refinance applications sink
Mortgage rates surge — and refinance applications sink
Compass CEO Robert Reffkin (iStock, Getty/Illustration by Kevin Rebong for The Real Deal)
How much Compass paid to scale up
How much Compass paid to scale up
Houston House at 298 East 2nd Street and Matt Lee (Houston House, LinkedIn)
Developer Matt Lee to auction off East Village condo
Developer Matt Lee to auction off East Village condo
Michael Stern and Walker Tower unit 15B (JDS, Google Maps)
Michael Stern’s Walker Tower pad sells for 24% under ask
Michael Stern’s Walker Tower pad sells for 24% under ask
Homebuilding is largely responsible for the increase in construction spending. (Getty / Photo Illustration for The Real Deal)
Construction spending hits new record in January
Construction spending hits new record in January
A Columbus Circle apartment once owned by Tom Brady and Gisele Bundchen  went into contract last week, helping the Manhattan luxury home market finish February on a high note. 551 West 21st Street on the right. (Photos via Compass, Getty, Foster and Partners)
Manhattan luxury market has best month in six years
Manhattan luxury market has best month in six years
(iStock/Illustration by Kevin Rebong for The Real Deal)
These are real estate executives’ worst worries for 2021
These are real estate executives’ worst worries for 2021
Richard Lampen and Howard Lorber (Vector Group)
Calling all founders: Howard Lorber’s Vector Group launches VC arm
Calling all founders: Howard Lorber’s Vector Group launches VC arm
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...