Brooklyn luxury market sees 3rd straight week with 4 contracts

Priciest deal was for a Park Slope townhouse seeking $2.5M

TRD New York /
May.May 11, 2020 12:00 PM
617 11th Street (Credit: Google Maps)

617 11th Street (Credit: Google Maps)

It’s starting to look like four luxury contracts per week is the new normal for Brooklyn.

The borough saw four high-end contract signings last week for the third week in a row, split between two townhouses, one condo and one co-op, 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.

A pair of Park Slope properties tied for the priciest listing last week. A townhouse at 617 11th Street and a condo at 423 3rd Street were both asking $2.5 million. The townhouse spans about 2,400 square feet and spent 101 days on the market, and the condo spans about 2,200 square feet with two bedrooms.

The asking prices of the four deals were about $9.3 million altogether. The properties spent an average of 42 days on the market and did not reduce their asking prices on average. The previous week’s four contracts were for properties asking $12.3 million in total.

The other two contracts signed in Brooklyn’s luxury market last week were for another townhouse in Park Slope at 341 13th Street, asking about $2.2 million, and for a co-op in Brooklyn Heights at 162 Columbia Heights, asking $2.1 million.


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