The Real Deal New York

Brooklyn luxury market saw 14 contracts signed last week

Contracts were worth about $43M overall
July 16, 2018 09:30AM

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