Brooklyn luxury market sees slight dip in new contracts

Contracts were worth about $36M overall

New York /
Nov.November 19, 2018 10:30 AM

90 Furman Street (Credit: Corcoran)

There were 12 contracts signed in the Brooklyn luxury market last week, split between six townhouses, five condos and one co-op.

The properties sold for about $35.9 million overall and went for an average price of roughly $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 a slower market than the week before, when 15 contracts were signed for about $43.7 million.

The most expensive deal last week was for a townhouse at 246 Sackett Street in Carroll Gardens, which went for $5 million. The six-bedroom brownstone spans 3,200 square feet and recently went through a full renovation.

The second most expensive deal was for a condo at the Pierhouse at 90 Furman Street for $4.95 million. The three-bedroom unit spans about 3,100 square feet.

Units in the Pierhouse dominated Brooklyn’s luxury market this summer, appearing in one of the borough’s top two sales for six weeks in a row.

Other major deals last week included a condo at 105 8th Avenue in Park Slope that sold for $3.35 million and a co-op at 75 Livingston Street in Brooklyn Heights that sold for $2.7 million. – Eddie Small


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