Brooklyn luxury market saw 14 contracts signed last week

Contracts were worth about $43M overall

TRD New York /
Jul.July 16, 2018 09:30 AM

20 South Oxford Street and 359 Bergen Street in Brooklyn (Credit: Zumper and Hotpads)

The Brooklyn luxury market saw 14 contracts signed last week, split between nine houses, four condos and one co-op.

The properties went into contract with a combined asking price of $43.5 million overall and went for an average price of about $3.1 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 slower than the week prior, when 16 contracts in the borough were signed for about $49.75 million.

The largest deal last week was for a house in Fort Greene at 20 South Oxford Street, which was last asking $4.5 million. The four-bedroom, three-bathroom home was built in 1864, and its amenities include five fireplaces and a garden.

The second most expensive deal was for a house in Park Slope at 359 Bergen Street, which went with a listing price of $4 million. The two-family home contains a five-bedroom triplex and a garden floor two-bedroom.

Other notable deals last week included a condo at 535 Dean Street in Prospect Heights that went for slightly less than $4 million and a co-op at 178 Hicks Street in Brooklyn Heights that went for about $3.5 million. – Eddie Small

Related Article

Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

Governor Andrew Cuomo and Senator James Skoufis (Credit: Getty Images, NY Senate)

Owners of some residential properties can’t hide behind
LLCs anymore

565 Broome Street (Credit: iStock and 565 Broome Street)

Only in Manhattan? Luxury condo owner files “class action” because unit doesn’t have a wine cooler

Aggressive iBuyer Opendoor acquires title and escrow company

From left: 220 Park Avenue South, 15 Central Park West, 520 Park Avenue, 35 Hudson Yards, Sting, Juan Beckmann Vidal, Daniel Och, Bob Diamond, and Stephen Ross (Credit: Getty Images, Wikipedia, StreeEasy, and Google Maps)

Serial buyers trade “old” condos for new on Billionaires’ Row

Here are 5 takeaways from TRD’s deep dive into Eklund-Gomes’ national expansion

Nashville broker posts oral sex selfie alongside kitchen and pool listing pics

Former Bear Stearns CEO Jimmy Cayne and 510 Park Avenue (Credit: Getty Images and Google Maps)

Ex-Bear Stearns CEO James Cayne demands co-op records after board rejects 3 buyers