Cobble Hill townhouse tops list of Brooklyn luxury contracts

Borough saw 17 contracts signed worth about $51.4M overall

TRD New York /
Dec.December 16, 2019 10:00 AM
168 Amity Street and 130 Saint Marks Avenue in Brooklyn (Credit: Google Maps)

168 Amity Street and 130 Saint Marks Avenue in Brooklyn (Credit: Google Maps)

At $6.45 million, a Cobble Hill townhouse was the priciest residential deal to go into contract in Brooklyn last week.

The 25-foot wide townhouse at 168 Amity Street spans 4,500 square feet with five bedrooms and includes a backyard. It spent 191 days on the market and went under contract at 7 percent below its asking price.

Overall, the Brooklyn luxury market saw 17 contracts signed last week, split between 12 houses and five condos, according to the latest report from Compass, which defines Brooklyn’s luxury market as homes priced at $2 million or higher.

The average contract price was about $3 million, and the total contract volume was about $51.4 million. The properties spent an average of 176 days on the market and sold at an average discount of 4 percent. Both numbers were slightly down from the week before, when the market saw 18 contracts signed for about $54.6 million.

The second priciest deal to go into contract was for a townhouse at 130 Saint Marks Avenue in Prospect Heights, which sold for $4.375 million. The six-bedroom brownstone spans about 3,900 square feet and went under contract at 4 percent below its asking price after spending 228 days on the market.

Other notable deals last week included a townhouse at 865 Union Street in Park Slope for $3.85 million and a condo at 1 Clinton Street in Brooklyn Heights for about $3.5 million.


Related Articles

arrow_forward_ios
Here are the week’s top luxury sales

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”

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

Here are the week’s top luxury sales
A rendering of 121 Morgan Avenue in Bushwick and Benefit Street Partners’ managing director Micah Goodman (Photos via EXR; Benefit Street Partners)

Brooklyn developer duo hit with foreclosure lawsuit

Brooklyn developer duo hit with foreclosure lawsuit
Compass CEO Robert Reffkin and Charles Phillips (Photos via Flickr; Getty)

Compass makes good on diversity pledge, adding Charles Phillips to board

Compass makes good on diversity pledge, adding Charles Phillips to board
76 Schermerhorn Street and 378 5th Street in Brooklyn (Photos via The Symon and StreetEasy)

It’s just one week, but Brooklyn luxury contract signings fell 50%

It’s just one week, but Brooklyn luxury contract signings fell 50%
Photo illustration of the Williamsburg Bridge (Getty, iStock) 

As Manhattan struggles, Brooklyn’s sales market is “booming”

As Manhattan struggles, Brooklyn’s sales market is “booming”
A rendering of 556 West 22nd Street (Photo by BASIS Independent Schools)

Private school to expand in former Chelsea Art Museum building

Private school to expand in former Chelsea Art Museum building
arrow_forward_ios

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

Loading...