Brooklyn’s luxury market saw 13 contracts signed last week

Contracts were worth about $43M overall

New York /
Apr.April 01, 2019 09:30 AM
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


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