The Real Deal New York

Townhouse contracts dominated Brooklyn luxury market last week

Contracts were worth about $31M overall
November 05, 2018 11:05AM

120 Congress Street in Brooklyn

There were 11 contracts signed in the Brooklyn luxury market last week, split between 10 townhouses and one condo.

The properties sold for about $30.8 million overall and went for an average price of roughly $2.8 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.

Last week was slower than the week before, when 17 contracts were signed for about $46.8 million.

The most expensive deal last week was for a house at 120 Congress Street in Cobble Hill, which went for $4.9 million. The four-bedroom property spans 4,500 square feet and includes four outdoor spaces: a deck, a patio and a pair of terraces on the top floor.

540 8th Street in Brooklyn

The second most expensive deal was for a house at 540 8th Street in Park Slope, which went for $3.25 million. The two-family home spans about 3,000 square feet with five bedrooms and could be converted into a single-family home as well.

Other major deals last week included a house at 351 Sackett Street in Carroll Gardens that sold for $3.15 million and a condo at 694 Degraw Street in Park Slope that sold for about $2.2 million. – Eddie Small