Ten months, 10% below asking: Dumbo condo leads Brooklyn sales

Luxury home contracts last week totaled $55M

TRD New York /
Dec.December 09, 2019 12:15 PM
1 John Street and 74 Devoe Street in Brooklyn (Credit: StreetEasy)

1 John Street and 74 Devoe Street in Brooklyn (Credit: StreetEasy)

The priciest home sale in Brooklyn last week was $5.1 million for a Dumbo condo that spent 306 days on the market and went into contract at 10 percent below its asking price. The four-bedroom unit at 1 John Street spans 2,582 square feet.

Overall, 18 contracts worth $54.6 million were signed in Brooklyn’s luxury market last week, according to a Compass report on home sales of $2 million or higher. The properties — 12 townhouses and six condominiums — went for an average of about $3 million.

The numbers were up from 11 contracts and $37.3 million the previous week, which included Thanksgiving.

The second most expensive deal was for a townhouse at 74 Devoe Street in Williamsburg, which went for nearly $5 million. The five-bedroom home spans 3,775 square feet and went into contract 14 percent below its asking price after 224 days on the market.

Other sales last week included a condo at 347 Henry Street in Cobble Hill for $4.1 million and a townhouse at 94 Park Place in Park Slope for about $4 million. The Henry Street sale was part of the Fortis Group development 5 River Park, which is under construction where the Long Island College Hospital complex once stood.

Fortis had considered including affordable housing, a new school and other amenities in exchange for the right to build taller towers, but could not reach an agreement with Council member Brad Lander on a rezoning. The company decided in 2016 to move forward with an as-of-right, market-rate project at the site.

– Eddie Small


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

Here are the week’s top luxury sales

Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)

For 15 years, David Koch lived at the world’s “richest building”

Here are the week’s top luxury sales

Here are the week’s top luxury sales

The sites at 1900 Shore Parkway, 1894 Shore Parkway along Bay 41st Street in Gravesend (Credit: Google Maps)

Abraham Fructhandler’s FBE buys South Brooklyn sites for $58M

Compass' Rachel Glazer (inset) and The Corcoran Group’s Steve Gold with Circa Central Park (Credit: Getty Images, Compass)

Steve Gold loses exclusive at record-setting Harlem project

56 Leonard Street (Credit: iStock)

He invested more than $130M into 4 Manhattan condos. Now he’s taking a hit

Heritage Equity Partners Toby Moskovits and Michael Lichtenstein

Lawsuit: Toby Moskovits, Michael Lichtenstein owe investor $3M

Aaron Kirman’s “Listing Impossible” is a beach house “sex dungeon”

Aaron Kirman’s “Listing Impossible” is a beach house “sex dungeon”

arrow_forward_ios
Loading...