Brooklyn’s luxury market saw 16 contracts signed last week: Stribling

Contracts were worth about $46M overall

Mar.March 25, 2019 10:30 AM

345 State Street and 347 Henry Street in Brooklyn

There were 16 contracts signed in Brooklyn’s luxury market last week for a total of about $45.6 million.

The properties were split between 11 condos and five townhouses, and they went for an average price of about $2.8 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.

Contract volume squeaked up from the week before, increasing from 15 to 16, but dollar volume dropped by about $10 million, falling from $54.5 million to $45.6 million.

The most expensive deal last week was for a townhouse at 345 State Street in Downtown Brooklyn, which went for $4.25 million. The five-bedroom home spans 3,600 square feet and includes a garden level apartment for possible rental income.

The second most expensive deal was for a condo in Cobble Hill at 347 Henry Street, which sold for $4.1 million. The four-bedroom home spans about 2,000 square feet and includes a private balcony.

Other deals last week included a condo at 444 12th Street in Park Slope for $3.6 million and a townhouse at 5 Arlington Place in Bedford-Stuyvesant for $3.6 million. – Eddie Small

Related Articles

Here are the week’s top luxury sales

Here are the week’s top luxury sales

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”

Here are the week’s top luxury sales

Here are the week’s top luxury sales

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand

Don Lemon and Tim Malone with their apartment at 2280 Frederick Douglass Boulevard 

CNN’s Don Lemon lists Harlem condo with fiancé broker Tim Malone