Brooklyn luxury sales saw $10M dip last week: Stribling

13 deals were closed, down 3 from last week

New York /
Feb.February 11, 2019 02:05 PM

Exterior and interior views of 930 President Street (top) and 309-311 Prospect Place in Brooklyn (Bottom) (Credit: Google Maps)

Thirteen contracts were signed last week in the Brooklyn luxury market, worth a total of about $37.9 million.

That’s a more than $10 million dip from last week’s bump, but still an increase from the last week of January, when only five contracts were signed totaling $14.3 million, according to the latest report from Stribling & Associates. The firm defines luxury units as homes priced $2 million or higher.

Last week, nine deals closed on townhouses and four on condos, with an average selling price of around $2.7 million. That’s down from the $3 million average from the week prior.

The priciest deal was at 930 President Street in Park Slope, which went for $5.5 million. The five-story mansion has oak-paneled wainscoting and bay windows with stained glass panels. It is currently configured as three rental units over 5,700 square feet, but could be converted to a single-family house.

The second most expensive deal was at 309-311 Prospect Place in Prospect Heights, which sold for $3.9 million. The four-family townhouse, with an attached vacant lot, was originally listed in 2017 for $5.1 million. The contract price represents a 22 percent discount from the initial asking price.

Other deals last week included multi-use property at 671 Grand Street in East Williamsburg, comprised of two residential units and a commercial space, which sold for $3.6 million, and a three-family townhouse at 390 Union Street in Carroll Gardens which sold for $3.1 million.


Related Articles

arrow_forward_ios
 9 Olde Towne Lane
Southampton home in exclusive enclave sells for $34.5M
Southampton home in exclusive enclave sells for $34.5M
Carl Liebert, CEO of kwx and Marc King, president of Keller Williams (V Foundation, Keller Williams)
Keller Williams has its best Q1 ever with $98B in sales
Keller Williams has its best Q1 ever with $98B in sales
Better.com CEO Vishal Garg (Better.com, iStock)
Mortgage lender Better to go public via SPAC merger
Mortgage lender Better to go public via SPAC merger
The Penthouse at 60 Broadway in Williamsburg. (Compass)
Brooklyn sees 41 luxury deals inked last week
Brooklyn sees 41 luxury deals inked last week
26 Bank Street and Connie Milstein (Google Maps)
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
Connie Milstein’s $20M West Village townhouse tops Manhattan contracts
(iStock)
Drop in home refinancing crimps mortgage firms’ profits
Drop in home refinancing crimps mortgage firms’ profits
Douglas Elliman's Scott Durkin and Connie Mui-Reilly (Douglas Elliman, iStock)
Elliman launches portal to streamline agent resources
Elliman launches portal to streamline agent resources
WATCH: How viral videos helped build this real estate agent’s business
WATCH: How viral videos helped build this real estate agent’s business
WATCH: How viral videos helped build this real estate agent’s business
arrow_forward_ios

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

Loading...