The Real Deal New York

Brooklyn luxury market saw 12 contracts signed last week

Contracts were worth about $39M overall
July 30, 2018 10:00AM

90 Furman Street and 36 Verandah Place (Credit: Realtor)

The Brooklyn luxury market saw 12 contracts signed last week, split between seven houses, three condominiums and two co-ops.

The properties sold for about $39.3 million overall and went for an average price of about $3.3 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.

There were also 12 contracts signed in the Brooklyn luxury market the week before last, but the dollar volume was higher at about $45.4 million.

The largest deal last week was for a condo in Brooklyn Heights in the Pierhouse at 90 Furman Street, which went for $5.75 million. The five-bedroom condo sold for a 45 percent decrease from its listing price of about $10.5 million.

The second most expensive deal was for a house in Cobble Hill at 36 Verandah Place that went for $5.5 million. The 3,000-square-foot residence overlooks Cobble Hill Park and contains three bedrooms.

Other notable deals last week included a house at 469 State Street in Boerum Hill that went for about $3.5 million and a co-op at 35 Prospect Park West in Park Slope that went for about $3.1 million. – Eddie Small