The Real Deal New York

Brooklyn luxury market saw 19 contracts signed last week

Contracts were worth about $57M overall
August 16, 2018 12:30PM

90 Furman Street (top) and 212 Eighth Avenue (bottom) in Brooklyn (Credit: Toll Brothers and VHT)

The Brooklyn luxury market saw 19 contracts signed last week, split between 15 houses, three condos and one co-op.

The properties sold for about $56.9 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 16 contracts were signed in the market for about $47.8 million.

The largest deal last week was for a condo in Brooklyn Heights at the Pierhouse complex, which went for $5.95 million. This marked the fourth week in a row that one of the development’s units took one of the top two spots. This deal was for a four-bedroom, three-bathroom unit spanning about 3,700 square feet.

The second priciest deal last week was for a house at 212 Eighth Avenue in Park Slope, which went for $4.5 million. The 16-room brownstone was built in 1894 and spans 4,500 square feet.

Other notable deals last week included a house at 31 Cranberry Street in Brooklyn Heights, which went for $3.85 million, and a house at 215 Dean Street in Boerum Hill, which went for about $3.5 million. – Eddie Small