The Real Deal New York

Brooklyn’s luxury market hit a holiday lull: Stribling

Contracts signed least week were worth about $9.5M overall
December 31, 2018 10:30AM

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