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

Contracts were worth about $50M overall

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

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