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New York

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

Contracts were worth about $46M overall

345 State Street and 347 Henry Street in Brooklyn
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.

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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

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Downtown BrooklynStribling & Associates