Brooklyn’s luxe resi market recorded 16 contracts last week: Stribling

Borough saw six condo deals, two co-ops and eight townhouses

TRD New York /
July 09, 2018 09:46 AM

177 Warren Street and 51 Jay Street in Brooklyn (Credit: Redfin)

Brooklyn’s luxury residential market notched 16 contracts at $2 million and above last week, according to Stribling & Associates’ weekly market report.

A townhouse at 177 Warren Street in Cobble Hill recorded the week’s priciest deal with an asking price of $5.95 million. That’s a 14 percent reduction from the asking price of $6.89 million the home had when it hit the market in April, according to StreetEasy.

Triumph Property Group has the listing.

The townhouse condominium at Slate Property Group and Adam America Real Estate’s 51 Jay Street in Dumbo saw the week’s second-priciest deal, with an asking price of $4.5 million.

The three-story townhouse spans 3,473 square feet and has entrances on both the street and through 51 Jay’s lobby.

Julie Leedes Bienstock and Richard Orenstein at Halstead Property have the listing.

The week’s contract volume totaled $49.75 million, with a median contract price of $2.6 million. Luxury Brooklyn homes spent an average of 91 days on the market, with an average discount of 4 percent. [Stribling & Associates] – Rich Bockmann


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