In Brooklyn’s luxury market, 14 contracts closed above $2M last week: Stribling

Contracts were worth about $50M overall

TRD New York /
May.May 06, 2019 11:00 AM
270 Henry Street & 48 Tompkins Place in Brooklyn (Credit: Google Maps)

270 Henry Street & 48 Tompkins Place in Brooklyn (Credit: Google Maps)

There were 14 contracts signed in Brooklyn’s luxury market last week worth about $49.9 million overall.

The properties were split between nine townhouses, four condos and one co-op, and they went for an average price of about $3.56 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.

While total sales stayed flat, dollar volume was up from the week before, which saw 14 contracts signed for about $41.5 million.

The most expensive deal last week was for a townhouse at 270 Henry Street in Brooklyn Heights, which went for $7.995 million. The five-story, two-family home spans about 5,700 square feet and was maintained and restored with original details from its construction in 1840, including ceiling medallions and brass chandeliers.

The second priciest deal was a townhouse at 48 Tompkins Place in Cobble Hill, which went for about $6.8 million. The four-bedroom home comes with 12-foot ceilings and 10-foot sliding barn-style doors, and went into contract for its original listing price.

Other deals last week included a townhouse at 288 Sixth Avenue in Park Slope for $3.85 million and a townhouse at 56 2 Place in Caroll Gardens for $3.795 million. — Kevin Sun


Related Articles

arrow_forward_ios
Zillow CEO Rich Barton (Credit: iStock)

Zillow and Opendoor aren’t making much on home-flipping

This week, the State Department of Taxation and Finance issued a new memo that notably made no mention of condos. (Credit: iStock)

Regulators quietly change stance on condos in LLC law

Realogy CEO Ryan Schneider (Credit: iStock)

Realogy’s plan to stop the iBuyers from gaining a foothold in Chicago

85 4th Avenue in Brooklyn (Credit: Google Maps)

New details of Boerum Hill’s next big project unveiled

Daily Digest Thursday

Worker killed at Lam Group construction site, Uber signs WTC lease: Daily digest

Developers are offering to pay the increased mansion and transfer taxes to give them an edge in a difficult market. (Credit: iStock)

Amid slow sales, developers give buyers a break on mansion taxes

Triplemint’s David Walker and John Scipione with Hoboken, New Jersey (Credit: iStock)

Triplemint expands to New Jersey

Brokerage firms are strategizing ways to make up losses after the cost of application fees was capped at $20. (Credit: iStock)

Brokerages on rental application fee cap: “It hurts”

arrow_forward_ios