The Real Deal New York

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

Contracts signed last week were worth about $53M overall
December 26, 2018 10:30AM

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