The Real Deal New York

Brooklyn luxury market saw 11 contracts signed last week

Contracts were worth about $27M overall
September 10, 2018 12:00PM

225 14th Street and 265 State Street in Brooklyn (Credit: 225 14th)

The Brooklyn luxury market saw 11 contracts signed last week for the second week in a row, split between seven houses and four condos.

The properties sold for about $27.3 million overall and went for an average price of about $2.5 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.

Although there were also 11 contracts signed in the market the week before last, dollar volume was slightly higher that week at $28.6 million.

A condo in Park Slope at 225 14th Street topped the list last week with a sales price of $3 million. The three-bedroom penthouse condo is in a new boutique building with nine units and spans about 2,200 square feet.

225 14th Street

The second priciest deal last week was for a condo in Downtown Brooklyn’s the Boerum at 265 State Street, which went for just under $2.9 million. The property is a three-bedroom unit spanning about 1,700 square feet.

Other notable deals last week included a home at 417 2nd Street in Park Slope for $2.85 million and a house at 98 Gates Avenue in Clinton Hill for $2.7 million. – Eddie Small