Brooklyn’s luxury market sees bump in activity with $49M in contracts signed last week: Stribling

There were 16 contracts, up from 5 last week

TRD New York /
Feb.February 04, 2019 11:00 AM

845 Carroll Street (top) and 70 Henry Street (bottom)

There were 16 contracts signed in Brooklyn’s luxury market last week for a total of about $48.7 million.

The properties were split between 12 townhouses, three condos and one co-op, and they went for an average price of roughly $3 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 five contracts signed for about $14.3 million overall.

The most expensive deal last week was for a townhouse at 845 Carroll Street in Park Slope, which went for $4.95 million. The nine-bedroom home spans 5,800 square feet, and the contract price represents a 32 percent discount from the initial asking price.

The second most expensive deal was for a condo at 70 Henry Street in Brooklyn Heights, which sold for $4.45 million. The four-bedroom home spans about 2,700 square feet and went into contract at an 8 percent discount from its initial asking price.

Other deals last week included a condo at 78 Amity Street in Cobble Hill for about $3.7 million and a co-op at 41 Eastern Parkway in Prospect Heights for $2.5 million. – Eddie Small

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