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

Contracts were worth about $46M overall

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

Related Articles

From left: 55 East 74th Street, 9 East 82nd Street, 1 Central Park South, 78 Irving Place with Adam Neumann and 111 West 57th Street (Credit: StreetEasy, Wikipedia, Getty Images)

Adam Neumann’s triplex, Russians’ Plaza pad were priciest homes listed last week

2790 West 5th Street in Coney Island (Credit: Google Maps)

Brooklyn man arrested for claiming to help victims buy Mitchell-Lama apartments

3 East 69th Street and 252 East 57th Street 

With asking prices in freefall, luxury market sees strong week

Keller Williams CEO Gary Keller

Keller Williams will cut off agents who leave

Wall Street bonus season is the stuff home sellers’ dreams, as they picture eager buyers armed with hefty bonus checks and willing to pay top price. But in a buyer’s market that vision may be more like a mirage (Credit: iStock)

Here’s what Wall Street bonus season means for real estate this year

Adam Neumann and 78 Irving Place (Credit: Getty Images and StreetEasy)

Adam Neumann is asking $37M for Gramercy Park triplex

(Credit: iStock)

Residential rents continue upward march in Manhattan, Brooklyn and Queens

Redfin's Glenn Kelman (Credit: iStock)

“It’s on like Donkey Kong”: Redfin scrambling to keep up with iBuyer demand