Brooklyn luxury market sees seven deals for second week in a row

Big home-sale contracts were worth about $17 million

New York /
Jun.June 15, 2020 11:30 AM
154 Underhill Avenue and 561 Pacific Street in Brooklyn (Courtesy StreetEasy, 561 Pacific)

154 Underhill Avenue and 561 Pacific Street in Brooklyn (Courtesy StreetEasy, 561 Pacific)

Brooklyn’s luxury market is inching its way back to normalcy: It just had its second week in a row of seven sales, the most since the pandemic started.

Deals that went into contract last week were for properties asking a total of about $17.5 million, according to the latest sales report from Compass of homes in the borough listed at $2 million or more.

The previous week, seven contracts were signed for homes seeking about $22.5 million. The last time the market saw more than seven deals in a week was in early March, when 15 properties asking $45.3 million went into contract.

The priciest deal last week was for a townhouse at 154 Underhill Avenue in Prospect Heights listed for about $3.5 million. The seven-bedroom property spans about 3,200 square feet and went into contract after 38 days on the market.

The second most expensive deal was for a condo at 561 Pacific Street listed for about $2.6 million. The three-bedroom unit spans about 1,500 square feet.

The luxury Brooklyn properties that went into contract last week were split between five townhouses and two condos. They went into contract after an average of 196 days on the market and with an average price discount of 1 percent. The average asking price was about $2.5 million. Agreed-upon sale prices are not listed in the report.

Other contracts last week included a townhouse at 1304 Ditmas Avenue in Ditmas Park asking $2.4 million and a townhouse at 26 Underhill Avenue in Prospect Heights asking $2.35 million.


Related Articles

arrow_forward_ios
Yorgos Tsibiridis
Hamptons agent Yorgos Tsibiridis jumps to Compass
Hamptons agent Yorgos Tsibiridis jumps to Compass
Compass CEO Robert Reffkin and KVS Title  CEO David Kanstoroom. (KVS, Getty)
Compass acquires DC-area title firm
Compass acquires DC-area title firm
(Photo illustration by The Real Deal)
South Florida real estate on climate change: ‘Que Sera, Sera’
South Florida real estate on climate change: ‘Que Sera, Sera’
(Getty, iStock/Illustration by Alexis Manrodt for The Real Deal)
A reckoning on rent
A reckoning on rent
(Photo illustration by Paul Dilakian)
When Compass comes clawing: How the firm’s contracts lock agents in
When Compass comes clawing: How the firm’s contracts lock agents in
Kirsten Jordan
MDLNY’s Kirsten Jordan heads back to Elliman from Compass
MDLNY’s Kirsten Jordan heads back to Elliman from Compass
Compass CEO Robert Reffkin and Bold CEO Jordan Sachs (Photos via Compass, Bold/Illustration by Kevin Rebong for The Real Deal)
Compass to acquire Bold New York
Compass to acquire Bold New York
 61 Bond Street in Brooklyn, iStar's Jay Sugarman and GFI's Allen Gross (Photos via Google Maps, iStar and Urban Land Institute)
GFI sells ground under Ace Hotel in Brooklyn for $45M
GFI sells ground under Ace Hotel in Brooklyn for $45M
arrow_forward_ios

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

Loading...