Brooklyn’s luxury market saw just 7 contracts signed last week

Contracts were worth about $18M overall

New York /
Mar.March 11, 2019 12:00 PM

278 North 6th Street and 44 Joralemon Street in Brooklyn (Credit: Google Maps)

There were just seven contracts signed in Brooklyn’s luxury market last week for a total of about $18.3 million.

The properties were split between five condominiums and two townhouses, and they went for an average price of about $2.6 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 13 contracts signed for about $37 million overall.

The most expensive deal last week was for a condo at 278 North 6th Street in Williamsburg, which went for $3.15 million. The four-bedroom penthouse unit spans about 2,500 square feet and includes a private roof terrace. It sold at a 12 percent discount from its initial asking price.

The second most expensive deal was for a townhouse in Brooklyn Heights at 44 Joralemon Street, which sold for $3.1 million. The four-bedroom building is currently used as a triplex and a garden unit, and it sold at a 14 percent discount from an initial asking price.

Other deals last week included a condo at 364 Union Street in Gowanus for about $2.5 million and a townhouse at 407 Adelphi Street in Fort Green for $2.25 million. – Eddie Small


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