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

Contracts were worth about $49M overall

TRD New York /
Oct.October 22, 2018 09:50 AM

1 John Street and 100 Amity Street in Brooklyn (Credit: Alloy Development)

The Brooklyn luxury market picked up slightly last week with 16 contracts signed in the borough, split between nine townhouses, six condominiums and one co-op.

The properties sold for about $48.6 million overall and went for an average price of about $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 prior, when 12 properties traded for about $40.4 million.

The most expensive deal last week was for a condo at 1 John Street in Dumbo, which went for about $4.7 million. The three-bedroom home spans 2,495 square feet and includes a private rooftop, and it went in contract for 13 percent lower than the initial asking price.

The second most expensive deal was for a condo at 100 Amity Street in Cobble Hill, which went for about $4.6 million. The unit is a three-bedroom penthouse duplex that spans 2,281 square feet.

Other major deals last week included a townhouse at 298 Clinton Avenue in Clinton Hill that sold for about $3.5 million and a co-op at 35 Prospect Park West in Park Slope that sold for about $3.2 million. – 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
A rendering of 121 Morgan Avenue in Bushwick and Benefit Street Partners’ managing director Micah Goodman (Photos via EXR; Benefit Street Partners)

Brooklyn developer duo hit with foreclosure lawsuit

Brooklyn developer duo hit with foreclosure lawsuit
ButterflyMX CEO Cyrus Claffey (iStock; ButterflyMX)

ButterflyMX raises $35M to grow smart-intercom business

ButterflyMX raises $35M to grow smart-intercom business
76 Schermerhorn Street and 378 5th Street in Brooklyn (Photos via The Symon and StreetEasy)

It’s just one week, but Brooklyn luxury contract signings fell 50%

It’s just one week, but Brooklyn luxury contract signings fell 50%
565 Broome Street and 35 North Moore Street (Photos via 565BroomeSoHo and Google Maps)

Manhattan sees highest number of luxury contracts signed since early March

Manhattan sees highest number of luxury contracts signed since early March
(Photo courtesy of Winkworth)

London’s so-called skinniest home hits the market

London’s so-called skinniest home hits the market
arrow_forward_ios

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

Loading...