Only one luxury condo contract was signed in Brooklyn last week

Contracts were worth about $40.1M overall

Nov.November 26, 2018 10:20 AM

572 1st Street and 24 Exeter Street in Brooklyn (Credit: Apartments and Google Maps)

There were 12 contracts signed in the Brooklyn luxury market last week, split between 11 townhouses and one condo.

The properties sold for about $40.1 million overall and went for an average price of roughly $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 transaction volume was on pace with the week before, but dollar volume was higher. The week prior saw 12 contracts signed for about $35.9 million overall.

The most expensive deal last week was for a townhouse at 572 1st Street in Park Slope, which went for slightly less than $5 million. The home was originally designed in 1910 for the renowned Park Slope builder Louis Bonert and is currently configured as a triplex with the rental duplex on the top two floors. It could easily convert to a single-family home as well.

The second most expensive deal was for a house at 24 Exeter Street in Manhattan Beach, which also sold for slightly less than $5 million. The five-bedroom home is newly built and spans 5,200 square feet.

Other major deals last week included a townhouse at 43 Strong Place in Cobble Hill for $4.4 million and a townhouse at 112 2nd Place in Carroll Gardens for $4.3 million. The sole condo sale was at 51 Lincoln Place in Park Slope for $2.25 million. – Eddie Small

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