Brooklyn’s luxury market saw 15 contracts close above $2M last week

Contracts were worth about $46M overall

TRD New York /
May.May 13, 2019 10:00 AM
215 Clinton Avenue and 16 Grace Court Alley in Brooklyn (Credit: Google Maps)

215 Clinton Avenue and 16 Grace Court Alley in Brooklyn (Credit: Google Maps)

There were 15 contracts signed in Brooklyn’s luxury market last week worth about $46.2 million overall, and the biggest deal was again struck in Brooklyn Heights.

The properties were split between nine townhouses and six condominiums, and they went for an average price of about $3.1 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 ticked up by one from the week before, moving from 14 to 15, dollar volume dropped from $49.9 million to $46.2 million.

The most expensive deal last week was for a townhouse at 16 Grace Court Alley in Brooklyn Heights, which went for about $4.6 million. The property is currently set up as a four-car garage beneath a two-bedroom apartment and has more than 25 feet of frontage. An architect has already drafted plans for a single-family conversion with a roof deck. The buyer was listed as Robert S. Rudin, who has owned the property for at least 30 years.

The second priciest deal was a townhouse at 215 Clinton Avenue in Clinton Hill, which went for about $4.5 million. The five-bedroom home stands four stories tall with a two-bedroom garden level apartment, and it went into contract 10 percent below its original listing price.

Other deals last week included a condo at 200 Water Street in Dumbo that went for about $3.9 million and a condo at 278 North 6th Street in Williamsburg that went for $3.15 million. — Eddie Small

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