Brooklyn’s luxury market saw 13 contracts signed last week

Contracts were worth about $43M overall
April 01, 2019 09:30AM

225 Kane Street and 130 Furman Street in Brooklyn

225 Kane Street and 130 Furman Street in Brooklyn

There were 13 contracts signed in Brooklyn’s luxury market last week for a total of about $42.8 million.

The properties were split between seven condominiums, five townhouses and one co-op, and they went for an average price of about $3.3 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 and dollar volume were both down slightly from the week before, when the market saw 16 contracts signed for about $45.6 million.

The most expensive deal last week was for a townhouse at 225 Kane Street in Cobble Hill, which went for $5.5 million. The six-bedroom home spans 3,900 square feet and includes a large garden and marble fireplaces.

The second most expensive deal was for a Pierhouse condo in Brooklyn Heights at 130 Furman Street, which sold for about $5.4 million. The five-bedroom unit spans about 4,700 square feet and went for a 25 percent discount from its initial asking price.

Other deals last week included a condo at 613 Baltic Street in Park Slope for $3.85 million and a co-op at 261 Garfield Place in Park Slope for about $3.4 million. – Eddie Small