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

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