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

13 deals were closed, down 3 from last week

TRD 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

From left: the Ritz-Carlton, 32 East 1st Street, 560 West 24th Street, 301 East 80th Street and 32 West 85th Street

Five priciest homes new to market include 1897 townhouse

Ed Gilligan and 3 East 94th Street (Credit: Getty Images, Compass)

Don’t leave home without $21M: Amex exec’s widow sells townhouse

From left: Jed Wilder, Bess Freedman, Richard Grossman, Josh Sarnell and Adam Mahfouda (Credit: Emily Assiran) 

Agents to StreetEasy: The fee is too damn high

40 East 72nd Street (Credit: Google Maps)

Nightmare on E. 72nd Street raises question: Are small condos risky?

Jed Garfield of Leslie J. Garfield; Richard Grossman, president of Halstead Real Estate; Sarah Saltzberg, principal broker and CEO of Bohemia Realty Group; Douglas Elliman’s Howard Lorber

NYC brokers slam bias, promise action after Newsday exposé

The bombshell probe also found that minorities had to meet more stringent financial qualifications than white buyers. (Credit: iStock)

LI agents routinely discriminate against minority buyers, undercover probe finds

Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law