The Real Deal New York

Brooklyn luxury market saw 11 contracts signed last week

Contracts were worth about $30M overall
August 20, 2018 11:16AM

22 North 6th Street in Brooklyn

The Brooklyn luxury market saw 11 contracts signed last week, with a condo at the Pierhouse taking one of the top two spots for the fifth week in a row.

The properties sold for about $30.3 million overall and went for an average price of about $2.8 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.

The properties were split between six houses, four condos and one co-op.

Last week was significantly slower than the week before, when there were 19 contracts signed in the market for about $56.9 million.

The largest deal last week was once again for a condo in Brooklyn Heights at the Pierhouse complex, which went for $4.75 million. The seven-room unit spans 3,550 square feet, and the contract price represents a 30 percent discount from the initial asking price.

The second priciest deal last week was for a condo at 22 North 6th Street in Williamsburg — the Edge — which went for $3.6 million. The three-bedroom unit spans 1,987 square feet and features a 714-square-foot private roof deck.

Other notable deals last week included a co-op at 62 Montague Street in Brooklyn Heights for slightly less than $3 million and a home at 346 Baltic Street in Gowanus for $2.75 million. — Eddie Small