Brooklyn luxury market saw 9 contracts signed last week

Contracts were worth about $25M overall
July 08, 2019 11:15AM

19 Tompkins Place in Cobble Hill and 396 Sterling Place in Prospect Heights

There were nine contracts signed in Brooklyn’s luxury market last week for a total of about $24.8 million.

The properties included seven townhouses and two condominiums, and they went for an average price of about $2.8 million, according to the latest report from Compass. The firm classifies luxury properties as all homes priced at $2 million or higher.

The market was down from the previous week, when it saw 18 contracts signed for about $50.2 million.

The priciest deal last week was for a Cobble Hill townhouse at 19 Tompkins Place, which went for slightly less than $5 million. The eight-bedroom home stands four stories tall with a garden, and it went into contract 5 percent below its $5.25 million asking price.

The second most expensive deal was for a townhouse at 396 Sterling Place in Prospect Heights, which went for slightly less than $3 million. The seven-bedroom home spans 4,004 square feet, and it went into contract 17 percent below its roughly $3.6 million asking price.

Other sales last week included a single-family home at 1221 Albemarle Road in Prospect Park South for about $2.7 million and a condo at 121 Sterling Place in Park Slope for $2.55 million. – Eddie Small