The Real Deal New York

Brooklyn luxury market saw 21 contracts signed to close out June

Contracts were worth about $56M overall
July 02, 2018 09:45AM

1 Grace Court and 507 4th Street in Brooklyn (Credit: Google Maps)

The Brooklyn luxury market saw 21 contracts signed during the last week of June, split between 11 houses, eight condos and two co-ops.

The properties sold for about $55.9 million overall and went for an average price of about $2.7 million, according to the latest report from Stribling & Associates. The firm defines the borough’s luxury market as all homes priced at $2 million or higher.

Last week was a significantly busier week than the prior week, when 14 contracts in the borough were signed for about $40.4 million.

Last week’s largest deal was for a co-op in Brooklyn Heights at 1 Grace Court, which went for about $4.6 million. The five-bedroom unit includes a double living room with a wood-burning fireplace, a formal dining room and an eat-in kitchen.

The second most expensive deal was for a townhouse in Park Slope at 507 Fourth Street, which went for about $3.9 million. The townhouse is 19 feet wide and configured as an upper triplex, a one-bedroom garden floor apartment and a full basement.

Other notable deals last week included a house at 191 8th Street in Gowanus that sold for about $3.8 million and a condo at 145 President Street in Carroll Gardens that went for about $2.7 million. – Eddie Small