Dumbo condo was Brooklyn’s priciest contract last week

Borough’s luxury deals included 11 houses, 8 condos, 2 co-ops

TRD New York /
Mar.March 09, 2020 10:33 AM
1 John Street and 635 11th Street in Brooklyn (Credit: Google Maps)

1 John Street and 635 11th Street in Brooklyn (Credit: Google Maps)

A condo in Dumbo was the priciest residential deal to go into contract in the borough last week.

The three-bedroom unit at 1 John Street went for $4.75 million. It spans 2,595 square feet and went into contract at its asking price after 161 days on the market.

Overall, Brooklyn saw 21 contracts signed for $2 million or more last week, split between 11 houses, eight condos and two co-ops, according to the latest report from Compass. The report looks at homes in the borough priced at $2 million or above based on the last publicly available asking prices.

The average price of those contracts was about $3 million, and the total volume was about $62.8 million. The properties spent an average of 153 days on the market and sold at an average of 2 percent less than their asking prices. It was a busier week than the one before, when 19 contracts were signed for about $55.7 million.

The second priciest deal to go into contract last week, at about $4.6 million, was for a townhouse at 635 11th Street in Park Slope. The seven-bedroom unit spans 4,060 square feet and went into contract at its asking price after 94 days on the market.

Other notable Brooklyn deals included a townhouse at 163 6th Avenue in Park Slope for about $4.3 million and a co-op at 200 Hicks Street in Brooklyn Heights for about $2.4 million.


Related Articles

arrow_forward_ios
384-386 Atlantic Avenue and Compass CEO Robert Reffkin (Google Maps; Getty)

Compass used Covid-19 to get out of lease: lawsuit

Compass used Covid-19 to get out of lease: lawsuit
84 Putnam Ave and 308 N 7th Street in Brooklyn (Google Maps; 308n7)

Brooklyn luxury home sales remain 80% below last year

Brooklyn luxury home sales remain 80% below last year
Sara Patterson and Compass CEO Robert Reffkin (Credit: Getty Images)

Compass’ chief people officer is out

Compass’ chief people officer is out
425 3rd Street in Brooklyn (Credit: Google Maps)

Hope springs ephemeral: Brooklyn luxe market retreats

Hope springs ephemeral: Brooklyn luxe market retreats
Oli Farago, founder and CEO of the real estate acquisition and asset management tool Coyote Software 

Real estate players get creative on Zoom during lockdown

Real estate players get creative on Zoom during lockdown
For top LA resi agents, it’s strictly posi vibes

For top LA resi agents, it’s strictly posi vibes

For top LA resi agents, it’s strictly posi vibes
617 11th Street (Credit: Google Maps)

Brooklyn luxury market sees 3rd straight week with 4 contracts

Brooklyn luxury market sees 3rd straight week with 4 contracts
Don’t miss LA’s top dealmakers on Monday’s TRD Talk

Don’t miss LA’s top dealmakers on Monday’s TRD Talk

Don’t miss LA’s top dealmakers on Monday’s TRD Talk
arrow_forward_ios

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

Loading...