The Real Deal New York

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

Contracts were worth about $41M overall
October 01, 2018 10:50AM

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