Brooklyn’s luxury market just had its best week of the year so far: Stribling

Market saw 18 contracts signed worth about $54M overall

TRD New York /
Apr.April 22, 2019 12:00 PM
325 Henry Street in Cobble Hill and 550 Vanderbilt Avenue in Prospect Heights

325 Henry Street in Cobble Hill and 550 Vanderbilt Avenue in Prospect Heights

Last week was the best week of the year so far for Brooklyn’s luxury market, as the borough saw 18 contracts signed for a total of about $53.6 million.

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

Both numbers were up from the week before, when the market saw 10 contracts signed for about $30 million.

The most expensive deal last week was for a condo at 325 Henry Street in Cobble Hill, which went for about $4.2 million. The four-bedroom unit spans about 2,200 square feet and includes private outdoor space and indoor parking.

The second priciest deal was a condo at 550 Vanderbilt Avenue in Prospect Heights, which went for $3.9 million. The three-bedroom unit spans 2,480 square feet.

Other deals last week included a townhouse at 538 Henry Street in Carroll Gardens for $3.85 million and a townhouse at 169 Washington Park in Fort Greene for $3.6 million. – Eddie Small

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