Five Brooklyn luxury homes sold in height of pandemic

Market still quiet, but contract signings rose from previous week

New York /
Apr.April 13, 2020 10:00 AM
199 St. John’s Place and 188 Adelphi Street in Brooklyn (Credit: Google Maps and Knight Frank)

199 St. John’s Place and 188 Adelphi Street in Brooklyn (Credit: Google Maps and Knight Frank)

Activity continues to be slow in Brooklyn’s luxury residential market during the coronavirus pandemic, but did tick up slightly last week.

The borough saw five luxury contracts signed — three townhouses and two condominiums — according to the latest report from Compass. The report looks at homes in the borough asking $2 million or more based on the last publicly available asking prices.

The week before, Brooklyn’s luxury market saw just two contracts signed for about $11.2 million.

Last week’s most expensive deal was for a townhouse at 199 St. John’s Place in Park Slope, which was seeking $3.5 million. The property spent 80 days on the market and had cut its asking price by 5 percent in early March.

The presumed second-priciest deal last week was for a townhouse at 188 Adelphi Street in Fort Greene, which was asking just under $2.6 million. The property spans roughly 2,800 square feet and went into contract after 26 days on the market.

The average asking price of the five homes was about $2.6 million, and the total volume was about $13.2 million. The properties spent an average of 42 days on the market and had seen their asking prices reduced by an average of 1 percent.

The Brooklyn luxury market’s other deals last week were for a $2.5 million condo at 108 India Street in Greenpoint, a roughly $2.4 million townhouse at 598 17th Street in Windsor Terrace and a condo at 653 Bergen Street in Prospect Heights seeking nearly $2.3 million.


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