Clinton Hill townhouse leads Brooklyn’s priciest contracts of the week

Five townhouses and five condos made up last week’s deals

New York /
Sep.September 14, 2020 03:10 PM
141 Saint James Place and 380 Degraw Street in Brooklyn (Google Maps)

141 Saint James Place and 380 Degraw Street in Brooklyn (Google Maps)

After getting off to a strong start in September, Brooklyn’s luxury market experienced a slight dip in the past week.

The volume of high-end home contracts signed after Labor Day sunk to $33 million over 10 deals, down from 15 contracts totalling $47 million the week before.

Last week’s deals were evenly split between townhomes and condos, according to Compass’ weekly report on luxury home contracts of $2 million or more.

The median asking price across the 10 deals inked in the week following Labor Day was $3.2 million, with an average of 162 days on the market and an average drop in listing price of 3 percent.

The priciest property was a Clinton Hill townhouse at 141 Saint James Place. The five-bed, 4.5-bath property dates back to 1871, but was gut-renovated with a new kitchen and bathrooms. The two-family home spans 3,800 square feet and comes with two fireplaces and 11-foot ceilings. It was last asking $4.25 million.

The second priciest contract was a five-bedroom townhouse in Carroll Gardens that was last asking just over $4 million. The home at 380 Degraw Street was originally built in 1899 and spans more than 3,700 square feet. Original moldings have been preserved and the home has a landscaped rear garden. The home’s price per square foot — $1,100 — is in line with the average price for Carroll Gardens, which is one of Brooklyn’s most expensive neighborhoods.

Despite a slowdown in residential transactions due to the pandemic, Brooklyn’s sales and rental markets have generally fared better than Manhattan.





    Related Articles

    arrow_forward_ios
    (iStock/Illustration by Kevin Rebong for The Real Deal)
    Year from Hell: 80% of Brooklyn businesses saw revenue drop
    Year from Hell: 80% of Brooklyn businesses saw revenue drop
    A photo illustration of the 960 Franklin Avenue rendering with Continuum Company's Bruce Eichner (iStock, 960 Franklin/Illustration by Kevin Rebong for The Real Deal)
    Apartment project near Brooklyn Botanic Garden is shortened
    Apartment project near Brooklyn Botanic Garden is shortened
    330 Sackett Street and 72 Hicks Street (Compass, iStock)
    Townhouses dominated Brooklyn luxury contracts — again
    Townhouses dominated Brooklyn luxury contracts — again
    Extell president Gary Barnett, 510 East 14th Street and RXR Realty CEO Scott Rechler (Getty, EVGB)
    Extell sells stake in Manhattan rentals to RXR Realty
    Extell sells stake in Manhattan rentals to RXR Realty
    David Umansky of Civic Builders and 720 Livonia Ave in Brooklyn (Photos via Google Maps, Civic Builders)
    Charter school developer buys Brooklyn site out of bankruptcy
    Charter school developer buys Brooklyn site out of bankruptcy
    Modell's at 360 Fulton Street, Brooklyn (Google Maps)
    Former Modell’s site in Downtown Brooklyn up for sale
    Former Modell’s site in Downtown Brooklyn up for sale
    This Manhattan Beach house tops the list of priciest contracts. (Google Maps, Mercer Real Estate)
    Manhattan Beach townhouse tops Brooklyn’s luxury market
    Manhattan Beach townhouse tops Brooklyn’s luxury market
    689 Marcy Avenue in Bedford-Stuyvesant and 242, 244, 246 and 248 Bainbridge Street in Stuyvesant Heights (Google Maps)
    Brookland Capital, Nager Management score Central Brooklyn deals
    Brookland Capital, Nager Management score Central Brooklyn deals
    arrow_forward_ios

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

    Loading...