The Real Deal New York

Brooklyn luxury market saw 14 contracts signed last week

Contracts were worth about $42M overall
August 27, 2018 10:30AM

130 Furman Street and 231 Washington Avenue in Brooklyn (Credit: Douglas Elliman)

The Pierhouse’s sales streak hasn’t stopped yet.

The Brooklyn luxury market saw a total of 14 contracts signed last week, and a condo at the Pierhouse once again took the top spot. This was the third week in a row that a Pierhouse unit was No. 1 and the sixth week in a row that a Pierhouse unit took one of the top two spots.

The properties sold for about $42.2 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.

The units were split between seven condos, six houses and one co-op.

Last week saw more activity than the week before, when there were 11 contracts signed in the market for about $30.3 million.

The Pierhouse unit that topped last week’s list went for $4.95 million. The two-bedroom unit at 130 Furman Street spans about 3,000 square feet and sold at an 18 percent discount from its asking price.

The second priciest deal last week was for a house at 231 Washington Avenue in Clinton Hill, which went for $3.75 million. The roughly 4,300-square-foot building is currently configured as a three-family home with a duplex and two apartments.ww

231 Washington Avenue (Credit: Douglas Elliman)

Other notable deals last week included a condo at 325 Henry Street in Cobble Hill for $3.5 million and a co-op at 294 Washington Avenue in Clinton Hill for $2 million. – Eddie Small