Here’s what the Brooklyn luxury market looked like last week

Contracts were worth about $41M overall

New York /
Oct.October 01, 2018 10:50 AM

174 Clinton Street in Brooklyn

Activity picked up in the Brooklyn luxury market last week with 13 contracts signed in the borough, split between eight houses and five condos.

The properties sold for about $41.5 million overall and went for an average price of about $3.2 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 a substantial increase from the week before, when just eight properties traded for about $23.6 million.

The most expensive deal last week was for a house at 174 Clinton Street in Brooklyn Heights, which went for slightly less than $8 million. The home contains six bedrooms and three baths, and it is located in the neighborhood’s historic district.

The second most expensive deal was for a house at 180 St. Marks Avenue in Prospect Heights, which went for $3.85 million. The two-family brownstone spans 4,000 square feet and includes a one-bedroom apartment on the ground floor.

Other major deals last week included a house at 424 Atlantic Avenue in Boerum Hill that sold for about $3.3 million and a Pierhouse condo that sold for $3.3 million. Although this deal continued the strong summer the Pierhouse was having, it didn’t make the cut for the top spot. – Eddie Small


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
(iStock/Illustration by Alexis Manrodt for The Real Deal)
Mortgage rates surge — and refinance applications sink
Mortgage rates surge — and refinance applications sink
Compass CEO Robert Reffkin (iStock, Getty/Illustration by Kevin Rebong for The Real Deal)
How much Compass paid to scale up
How much Compass paid to scale up
Houston House at 298 East 2nd Street and Matt Lee (Houston House, LinkedIn)
Developer Matt Lee to auction off East Village condo
Developer Matt Lee to auction off East Village condo
Michael Stern and Walker Tower unit 15B (JDS, Google Maps)
Michael Stern’s Walker Tower pad sells for 24% under ask
Michael Stern’s Walker Tower pad sells for 24% under ask
Homebuilding is largely responsible for the increase in construction spending. (Getty / Photo Illustration for The Real Deal)
Construction spending hits new record in January
Construction spending hits new record in January
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...