The Real Deal New York

Brooklyn’s luxury market saw 14 contracts signed last week

Contracts were worth about $44M overall
February 25, 2019 10:30AM

64 South 4th Street and 338 Berry Street in Brooklyn

There were 14 contracts signed in Brooklyn’s luxury market last week for a total of about $44 million.

The properties were split between seven townhouses and seven condominiums, and they went for an average price of roughly $3.1 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 17 contracts signed for about $55 million overall, its best week of the year so far.

The most expensive deal last week was for a townhouse at 64 South 4th Street in Williamsburg, which went for about $4.5 million. The four-bedroom home is located a block away from the waterfront.

The second most expensive deal was for a condo at 338 Berry Street in Williamsburg, which sold for slightly less than $4 million. The three-bedroom home spans about 2,135 square feet and includes a 2,323-square-foot private terrace.

Other deals last week included a townhouse at 395 Pacific Street in Boerum Hill for about $4 million and a condo at 360 Furman Street in Brooklyn Heights for $3.75 million. – Eddie Small