Brooklyn’s luxury market picked up for the second week in a row: Stribling

Contracts signed last week were worth about $53M overall

TRD New York /
Dec.December 26, 2018 10:30 AM

From left: 456 Sackett Street and 347 Henry Street in Brooklyn

The Brooklyn luxury market picked up again last week, with 20 contracts signed for a total of about $52.9 million.

The properties were split between 12 townhouses and eight condos, and they went for an average price of roughly $2.6 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.

Both figures were up from the week before, when the market saw 12 contracts signed for about $43 million overall. This marked the second week in a row that both the number of sales and dollar volume increased.

The most expensive deal last week was for a condo at 347 Henry Street in Cobble Hill, which went for about $3.6 million. The three-bedroom unit spans about 1,900 square feet and includes a 165-square-foot private balcony.

The second most expensive deal was for a townhouse at 456 Sackett Street in Carroll Gardens, which sold for about $3.6 million. The triplex four-bedroom home spans 3,442 square feet and includes a private backyard and fully finished roof deck.

Other major deals last week included a townhouse at 185 MacDonough Street in Bedford-Stuyvesant for about $3.4 million and a condo at 184 Kent Avenue in Williamsburg for about $2.7 million. – Eddie Small

Related Articles

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”

Triplemint expands to New Jersey

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

Alex Rodriguez (Photos by Guerin Blask)

A-Rod is coming for NYC and SoFla real estate

There will be 70 agents based at the new office (Credit: iStock)

Compass opens Long Island City office as new-development sales surge

993 Fifth Avenue and Gilbert Harrison (Credit: Google Maps and GLC)

Retail exec sells Fifth Avenue co-op to Chanel heir for $19M

The Daily Digest - Tuesday

New life for Toys “R” Us, Masa Son is “embarrassed” with the Vision Fund: Daily digest

Nooklyn CEO Harley Courts (Credit: iStock)

Brokerage slashes agent commissions, delays payments after rent law change