The Real Deal New York

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

13 deals were closed, down 3 from last week
By Decca Muldowney | February 11, 2019 02:05PM

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.