The Real Deal New York

Brooklyn luxury market saw 16 contracts signed last week

Contracts were worth about $48M overall
August 06, 2018 10:00AM

934 President Street and 130 Furman Street in Brooklyn (Credit: Corcoran)

The Brooklyn luxury market saw 16 contracts signed last week, split between 11 houses and five condominiums.

The properties sold for about $47.8 million overall and went for an average price of about $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.

Last week was stronger than the week before, when there were 12 contracts signed in the market worth about $39.3 million.

The largest deal last week was for a townhouse in Park Slope at 934 President Street, which went for $4.95 million. The property is currently constructed as a 10-unit building with a studio and a one-bedroom apartment per floor over five floors, but it could be renovated and turned into a single-family residence as well.

The second priciest deal last week was for a Pierhouse condo at 130 Furman Street in Brooklyn Heights, which went for $4.75 million. The unit spans two floors and 3,062 square feet with four bedrooms and 3.5 bathrooms.

Other notable deals last week included a condo at 190 South 1st Street in Williamsburg, which went for $4.45 million, and a home at 442 State Street in Downtown Brooklyn, which went for about $3.3 million. – Eddie Small