Brooklyn’s resi market saw 20 contracts close above $2M last week: Stribling

Contracts were worth about $64M overall

New York /
May.May 28, 2019 11:30 AM
From left: 278 Henry Street and 296 Sackett Street

From left: 278 Henry Street and 296 Sackett Street

There were 20 contracts signed in Brooklyn’s luxury market last week for the second week in a row, an indication that the market may have reached a turning point after slowing throughout the year.

The properties were worth about $63.6 million overall and were split between 10 townhouses, seven condos and three co-ops. They went for an average price of about $3.2 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.

Total sales were the same as the week before, but dollar volume was down from last week’s $79.6 million.

The most expensive deal last week was for a townhouse at 296 Sackett Street in Carroll Gardens, which went for $4.95 million. The five-bedroom property spans 4,250 square feet and includes an indoor parking space and several private outdoor spaces.

The second priciest deal was a co-op at 278 Henry Street in Brooklyn Heights, which went for about $4.8 million. The five-bedroom triplex spans 3,600 square feet.

Other deals last week included a townhouse at 28 Bergen Street in Boerum Hill that went for $4.75 million and a condo at 1 Main Street in Dumbo that went for $3 million. — Eddie Small


Related Articles

arrow_forward_ios
Los Angeles, New York and Miami metro areas are in the top 10 of owner-occupied million dollar homes. (iStock)
These metro areas have the most — and fewest — million-dollar homes
These metro areas have the most — and fewest — million-dollar homes
A closer look at Compass’ trail of litigation over its business tactics
A closer look at Compass’ trail of litigation over its business tactics
A closer look at Compass’ trail of litigation over its business tactics
Salesforce CEO Marc Benioff and Amazon's Jeff Bezos are backing the startup (Getty, Arrived)
Bezos-backed Arrived Homes is latest startup to expand real estate investment
Bezos-backed Arrived Homes is latest startup to expand real estate investment
Orchard's Patrick McClymont and HomeLight's Sean Aggarwal (Photos via IMAX, The Org)
Orchard, HomeLight move toward IPOs with new execs
Orchard, HomeLight move toward IPOs with new execs
Sara Gore (right) and Ryan Serhant (Getty)
“Open House” host Sara Gore joins Ryan Serhant’s brokerage
“Open House” host Sara Gore joins Ryan Serhant’s brokerage
From left: Mathew Chapman, Michele Kowal, Maryanne Elsaesser and Rhonda Battifarano (NJ Home Navigators)
Christie’s NJ affiliate claims “big win” in agent-poaching dispute with Compass
Christie’s NJ affiliate claims “big win” in agent-poaching dispute with Compass
 Adam Neumann (Getty, Bal Harbour Florida)
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
Ex-WeWork CEO Adam Neumann inks $44M deal for Bal Harbour properties
(Getty)
Housing rush: In-person school adds fire to rapidly heating market
Housing rush: In-person school adds fire to rapidly heating market
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...