The Real Deal New York

Brooklyn’s luxury market continues upswing: Stribling

Contracts were worth about $41.1M overall
January 14, 2019 11:06AM

169 Hicks Street and 848 President Street in Brooklyn (Credit: Google Maps)

There were 13 contracts signed in Brooklyn’s luxury market last week for a total of about $41.1 million.

The properties were split between nine townhouses and four condos, and they went for an average price of roughly $3.2 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 numbers were up from the week before, when the market saw just three contracts signed for $12.25 million overall.

The most expensive deal last week was for a townhouse at 169 Hicks Street in Brooklyn Heights, which went for $4.9 million. The six-bedroom home spans 4,320 square feet and contains 13 rooms, and it went under contract at a 22 percent discount from its asking price.

The second most expensive deal was for a townhouse at 848 President Street in Park Slope, which sold for $4.5 million. The eight-bedroom home spans 4,700 square feet and went under contract at a 10 percent discount from the asking price.

Other major deals last week included a townhouse at 48 Dobbin Street in Greenpoint for about $4 million and a condo at 613 Baltic Street in Park Slope for $3 million. – Eddie Small