Brooklyn luxury market saw 11 contracts signed last week

Contracts were worth about $29M overall

New York /
Sep.September 04, 2018 10:32 AM

144 St James Place and 62 Montague Street in Brooklyn (Credit: Google Maps and Wikipedia)

The Brooklyn luxury market saw 11 contracts signed last week, split between seven houses, three condos and one co-op.

The properties sold for about $28.6 million overall and went for an average price of about $2.6 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.

This was the first time in three weeks that a unit at the Pierhouse in Brooklyn Heights was not the top sale and the first time in six weeks that a Pierhouse unit did not appear in the top two deals.

Last week was slower than the week before, when there were 14 contracts signed in the market for about $42.2 million.

A home in Clinton Hill at 144 St James Place topped the list last week with a sales price of $3.25 million. The home is an Italianate row house by George J. Bennett and has been in the same family for almost 50 years.

The second priciest deal last week was for a co-op at 62 Montague Street in Brooklyn Heights, which went for just under $3 million. The property is a three-bedroom unit but includes a den that can be converted into a fourth bedroom.

Other notable deals last week included a condo at 208 Java Street in Greenpoint for $2.5 million and a house at 697 Jefferson Avenue in Bedford-Stuyvesant for $2.3 million. – Eddie Small


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