Brooklyn’s luxury market hit a holiday lull: Stribling

Contracts signed least week were worth about $9.5M overall

New York /
Dec.December 31, 2018 10:30 AM

84 Oak Street and 285 Macon Street in Brooklyn

It turns out that Christmas week isn’t the most popular time to buy expensive real estate in Brooklyn.

The borough’s luxury market was incredibly slow last week, with just four contracts signed for a total of about $9.5 million.

The properties were split between three townhouses and one condo, and they went for an average price of roughly $2.4 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’s numbers were much lower than the numbers from the week before, when the market saw 20 contracts signed for about $53 million overall.

The most expensive deal last week was for a condo at 84 Oak Street in Greenpoint, which went for about $2.6 million. The unit spans roughly 2,000 square feet with three bedrooms and includes deeded basement storage space.

The second most expensive deal was for a townhouse at 285 Macon Street in Bedford-Stuyvesant, which sold for about $2.5 million. The residence stands four stories tall and was completely renovated five years ago.

The only other deals last week were for a townhouse at 681 Putnam Avenue in Bed-Stuy that went for about $2.3 million and a townhouse at 179 Ainslie Street in Williamsburg that went for $2.1 million. – Eddie Small


Related Articles

arrow_forward_ios
Tommy Hilfiger and his recently sold estate in Greenwich, CT. (Getty, Janet Milligan)

Tommy Hilfiger’s Greenwich estate sells for $45M

Tommy Hilfiger’s Greenwich estate sells for $45M
Jenna Ryan was part of a group who flew on a private plane from Denton, TX, to Washington, D.C., with the intention of joining the protestors (Twitter.com/DotJenna)

Texas Realtor faces criminal charges for role in Capitol attack

Texas Realtor faces criminal charges for role in Capitol attack
Porch CEO Matt Ehrlichman (iStock)

Porch snaps up four startups for over $122M

Porch snaps up four startups for over $122M
Nir Meir Asks Court to Stop Eviction (Google Maps)

Nir Meir seeks to throw out Hamptons ejection suit

Nir Meir seeks to throw out Hamptons ejection suit
Robert Frank with 1021 Park Avenue and Ben Lambert with 28 Laight Street (Getty, Google Maps)

Who’s buying and selling Manhattan homes? Last month’s notable deals

Who’s buying and selling Manhattan homes? Last month’s notable deals
TF Cornerstone President Frederick Elghanayan with 2-10 54th Avenue and 55-01 Second Street in Long Island City (Google Maps)

The 10 biggest new project filings in NYC

The 10 biggest new project filings in NYC
New Yorkers signed leases in record numbers last month. (Getty)

Manhattan, Brooklyn rental leasing hit 12-year high in December

Manhattan, Brooklyn rental leasing hit 12-year high in December
Damien Dwin of Lafayette Square Holding (Photos via Lafayette; iStock)

Sustainable housing is focus of Damien Dwin’s social justice effort

Sustainable housing is focus of Damien Dwin’s social justice effort
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...