The Real Deal New York

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

Contracts were worth about $49M overall
October 22, 2018 09:50AM

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