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


Related Articles

arrow_forward_ios
Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
For 15 years, David Koch lived at the world’s “richest building”
For 15 years, David Koch lived at the world’s “richest building”
(Illustration by The Real Deal with Getty)
Rising mortgage rates lock out homebuyers, trigger layoffs
Rising mortgage rates lock out homebuyers, trigger layoffs
United Kingdom Chancellor of the Exchequer Kwasi Kwarteng
Turmoil hits United Kingdom mortgage market
Turmoil hits United Kingdom mortgage market
 Lakeland Bank president Thomas Shara (Lakeland Bank, Illustration by The Real Deal with Getty)
In redlining case, New Jersey lender to pay $12M
In redlining case, New Jersey lender to pay $12M
(Illustration by The Real Deal with Getty)
Mortgage rates climb to 15-year high
Mortgage rates climb to 15-year high
Corcoran's Sheri Winter Parker and Compass' Elkin (Getty, Corcoran, Compass)
Cyberattack cripples Suffolk County real estate industry
Cyberattack cripples Suffolk County real estate industry
Lloyd and Barbara Macklowe with 51 West End Road (Getty, Douglas Elliman)
Macklowe Gallery founders chop another $10M off East Hampton home ask
Macklowe Gallery founders chop another $10M off East Hampton home ask
854 Fifth Avenue (Douglas Elliman)
Gilded Age mansion trades for $50M in all-cash deal
Gilded Age mansion trades for $50M in all-cash deal
arrow_forward_ios

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

Loading...