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


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