Brooklyn’s luxury market saw 17 contracts at above $2M last week

Contracts were worth about $50M overall
June 10, 2019 02:15PM

562 3rd Street and 597 5th Street (Credit: Google Maps)

562 3rd Street and 597 5th Street (Credit: Google Maps)

There were 17 contracts signed in Brooklyn’s luxury market last week for a total of about $50.3 million.

The properties included eight condominiums and nine townhouses, and they went for an average price of slightly less than $3 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 up from the previous week, when it saw 16 contracts signed for about $44.6 million.

The priciest deal last week was for a Park Slope townhouse at 562 3rd Street, which was last listed at $4.85 million. The six-bedroom house spans more than 5,300 square feet and includes a formal dining room and a butler’s pantry.

The second most expensive deal was also for a Park Slope townhouse at 597 5th Street, which was last listed at $3.75 million. The five-bedroom home stands three stories tall and includes a garden patio and an oak fireplace.

Other sales last week included a townhouse in Brighton Beach for $3.74 million and a condo at 56 South 3rd Street in Williamsburg for about $3.5 million. – Eddie Small