Brooklyn’s luxury market saw 14 contracts above $2M signed last week: Stribling

Contracts were worth about $41M overall
April 29, 2019 10:30AM

11 Scholes Street in Williamsburg and 569 Fourth Street in Park Slope

11 Scholes Street in Williamsburg and 569 Fourth Street in Park Slope

There were 14 contracts signed in Brooklyn’s luxury market last week worth about $41.5 million overall.

The properties were split between 10 townhouses, three condos and one co-op, and they went for an average price of about $2.9 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 figures were down from the week before, when the market had its best week of the year with 18 contracts signed for about $53.6 million.

The most expensive deal last week was for a townhouse at 11 Scholes Street in Williamsburg, which went for $4.9 million. The three-bedroom unit spans about 4,650 square feet and includes a working fireplace and a wraparound terrace. The contract price is a 6 percent discount from the initial listing price.

The second priciest deal was a townhouse at 569 Fourth Street in Park Slope, which went for about $3.8 million. The five-bedroom home has five decorative fireplaces and went into contract for its original listing price.

Other deals last week included a condo at 20 Bayard Street in Williamsburg for $3.3 million and a co-op at 705 Driggs Avenue in Williamsburg for $2.1 million. – Eddie Small