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

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