The Real Deal New York

Brooklyn’s luxury market saw an uptick in activity for the second week in a row

Contracts were worth about $50M overall
October 08, 2018 11:00AM

From left: 14 Garden Place and 200 Hicks Street (Credit: Brown Harris Stevens and CityRealty)

Activity increased in the Brooklyn luxury market for the second week in a row last week with 15 contracts signed in the borough, split between nine houses, five condos and one co-op.

The properties sold for about $50.2 million overall and went for an average price of about $3.3 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.

This was an increase from the week before, when 13 properties traded for about $41.5 million.

The most expensive deal last week was for a house at 14 Garden Place in Brooklyn Heights, which went for $6.9 million. The home contains four bedrooms and spans about 4,000 square feet across four stories.

The second most expensive sale was for a co-op at 200 Hicks Street in Brooklyn Heights, which went for about $5.3 million. The nine-bedroom co-op spans 2,935 square feet and includes a library and an office.

Other major deals last week included a house at 58 Tompkins Place in Cobble Hill that sold for $4.35 million and a condo at 280 St Marks Avenue that sold for about $3.4 million. – Eddie Small