Brooklyn luxury market sees four contracts signed for second week in a row

Do four high-end contract signings in Brooklyn count as a busy week? At the moment, perhaps.

The four deals were for two condos, a co-op and a townhouse, 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 previous week’s report also found four such deals.

In February, the weekly average was 18.

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The priciest listing to go into contract last week was a co-op at 1 Pierrepont Street in Brooklyn Heights asking $5.3 million. The five-bedroom property spans about 3,000 square feet and spent 343 days on the market.

The second most expensive was a townhouse at 543 11th Street in Park Slope asking $2.6 million. The five-bedroom property spans 2,790 square feet and went into contract after 82 days on the market. It is legally designated as a three-family home but can be easily converted to a single-family, according to Compass.

The asking prices of the four deals was $12.3 million altogether. The properties spent an average of 119 days on the market and had reduced their asking prices by an average of 4 percent. The previous week’s four contracts were for homes asking $12.2 million in total.

The other two contracts signed in Brooklyn’s luxury market last week were a condo at 856 Washington Avenue in Prospect Heights and a condo at 341 Union Street in Carroll Gardens, both for $2.2 million.