Brooklyn’s luxury market saw only 5 contracts signed last week

Contracts were worth about $14.3M overall

New York /
Jan.January 28, 2019 12:00 PM

236 President Street and 8423 10th Avenue in Brooklyn (Credit: Corcoran)

There were just five contracts signed in Brooklyn’s luxury market last week for a total of about $14.3 million.

The properties were all townhouses, and they went for an average price of roughly $2.9 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 10 contracts signed for about $31.5 million overall.

The most expensive deal last week was for a townhouse at 236 President Street in Carroll Gardens, which went for $4 million. The six-bedroom home spans 3,485 square feet, and the contract price represents a 19 percent discount from the initial listing price.

The second most expensive deal was for a townhouse at 8423 10th Avenue in Dyker Heights, which sold for $3.15 million. The seven-bedroom home contains five fireplaces and spans 6,000 square feet.

The only other deals last week were for a townhouse at 20 Dennett Place in Carroll Gardens for about $2.5 million, a townhouse at 82 4th Avenue in Boerum Hill for about $2.4 million and a townhouse at 262 18th Street in Greenwood for $2.25 million. – Eddie Small


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Here are the week’s top luxury sales
Joshua Kushner and Karlie Kloss, with the Puck Building at 295 Lafayette Street (Photos via Getty, Ceros)
Joshua Kushner, Karlie Kloss selling Puck Penthouses condo
Joshua Kushner, Karlie Kloss selling Puck Penthouses condo
Blueground CEO Alex Chatzieleftheriou (Getty, LinkedIn via Chatzieleftheriou)
Blueground raises $140M in Series C equity, valuing startup at $750 million
Blueground raises $140M in Series C equity, valuing startup at $750 million
(Getty)
Freddie Mac study of 12 million appraisals shows racial disparity
Freddie Mac study of 12 million appraisals shows racial disparity
614 Hudson Street in Hoboken, NJ (Redfin)
18th century townhouse in Hoboken listed for $7M
18th century townhouse in Hoboken listed for $7M
Tricia Lee and Ryan Serhant (Courtesy of Serhant)
Tricia Lee jumps to Serhant from Compass
Tricia Lee jumps to Serhant from Compass
arrow_forward_ios

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

Loading...