Brooklyn’s luxury market sees slight dip, townhouse sales dominate: Stribling

Contracts were worth about $31.5M overall

TRD New York /
Jan.January 21, 2019 09:45 AM

65 Cranberry Street and 433 State Street (Credit: Corcoran and Stribling)

There were 10 contracts signed in Brooklyn’s luxury market last week for a total of about $31.5 million.

The properties were split between seven townhouses and three condos, and they went for an average price of roughly $3.1 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 down from the week before, when the market saw 13 contracts signed for about $41.1 million overall.

The most expensive deal last week was for a townhouse at 65 Cranberry Street in Brooklyn Heights, which went for $6.5 million. The five-bedroom home spans 3,696 square feet and contains 10 rooms.

The second most expensive deal was for a townhouse at 433 State Street in Boerum Hill, which sold for $3.7 million. The five-bedroom, two-family home spans 3,400 square feet.

Other major deals last week included a condo at 145 President Street in Carroll Gardens for $3.45 million and a townhouse at 55 South 5th Street in Williamsburg for $3.09 million. – Eddie Small

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