Brooklyn’s luxury market saw 16 contracts above $2M signed last week of May: Stribling

Sales totaled about $44M overall

TRD New York /
Jun.June 04, 2019 12:30 PM
83 1st Place in Carroll Gardens and 952 East 9th Street in Midwood (Credit: Google Maps)

83 1st Place in Carroll Gardens and 952 East 9th Street in Midwood (Credit: Google Maps)

There were 16 contracts signed in Brooklyn’s luxury market last week for a total of about $44.6 million.

The properties included three condos and 13 townhouses with an average price of $2.8 million, according to the latest report from Stribling & Associates. The firm classifies luxury properties as all homes priced at $2 million or higher.

The market was down from the previous week, which saw 20 contracts signed for a little over $63.6 million. Those properties were split between 10 townhouses, seven condos and three co-ops.

The priciest deal between May 27 and June 2 was for a 10-bedroom, five-bathroom Brownstone located at 83 1st Place in Carroll Gardens, which sold for its initial listing price of $5.8 million. The recently renovated property featured hardwood floors, 12-foot ceilings and views of Brooklyn and Manhattan.

The second most expensive sale was a townhouse at 952 East 9th Street in Midwood, which went for $4.4 million. The property was last sold in 2015.

Other sales included a townhouse located at 7535 Shore Road in Bay Ridge that sold for a little over $2.9 million and a five-bedroom townhouse at 418 Bergen Street in Park Slope that went for $2.6 million. [Stribling] – Sylvia Varnham O’Regan


Related Articles

arrow_forward_ios
Opendoor CEO Kevin Wu, Daniel Morillo and Ken Griffin (Getty; Opendoor; LinkedIn)

Opendoor hires CIO from Ken Griffin’s Citadel

Opendoor hires CIO from Ken Griffin’s Citadel
(Getty)

Manhattan rents fall below $3,000 for first time since 2011

Manhattan rents fall below $3,000 for first time since 2011
Data on third quarter CRE investments suggests a nationwide improvement, but Manhattan has been slow to recover (iStock)

NY falls behind Dallas, LA in CRE investment as deals surge nationwide

NY falls behind Dallas, LA in CRE investment as deals surge nationwide
Existing home sales rose again in September as listed inventory sunk to a new low. (iStock)

Existing homes sales remain high, but inventory is “historically low”

Existing homes sales remain high, but inventory is “historically low”
 Jennifer Lawrence and 17 Jane Street with Edward Minskoff (Getty; Sciame Construction)

Jennifer Lawrence buys at Ed Minskoff’s West Village condo

Jennifer Lawrence buys at Ed Minskoff’s West Village condo
Gov. Andrew Cuomo (Getty; iStock)

New York City lifts lockdown for some Covid hot spots

New York City lifts lockdown for some Covid hot spots
217 West 57th Street with Extell Developement's Gary Barnett and Corcoran's Pamela Liebman (Photos via Extell; Barnett via Anuja Shakya)

Extell brings on Corcoran Sunshine to help market Central Park Tower

Extell brings on Corcoran Sunshine to help market Central Park Tower
660 Madison Avenue (Photo via Jenel Real Estate)

Safra family finally begins 660 Madison’s office-to-resi conversion

Safra family finally begins 660 Madison’s office-to-resi conversion
arrow_forward_ios

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

Loading...