Nearly $30M in Brooklyn luxury contracts signed last week

Buyers signed 11 contracts for homes asking $2M or more

TRD New York /
Oct.October 05, 2020 01:00 PM
389 Bergen Street and 219 Jefferson Street (Google Maps)

389 Bergen Street and 219 Jefferson Street (Google Maps)

The number of luxury contracts signed in Brooklyn last week rose to 11, a slight increase from eight the week before.

The total sales volume for the deals inked in the borough at $2 million or more was $28.6 million, according to Compass’ weekly report.

The median asking price for the properties was $2.49 million with an average listing discount of 2 percent. The eight properties spent an average of 128 days on the market. Of the contracts signed last week, six deals were townhouses, four were condos and one was a co-op unit.

The most expensive property to go into contract was a condo unit at 389 Bergen Street. Located in a circa-1910 building in Park Slope, the nearly 3,000-square-foot condo has four bedrooms, French oak wood floors and an ethanol fireplace. Its final asking price was $3.3 million.

The second priciest deal was a four-story townhouse in Bedford-Stuyvesant. The 20-foot wide home at 219 Jefferson Avenue spans more than 4,000 square feet with eight bedrooms and landscaped backyard. It was asking about $3.2 million when it went into contract.

Townhouses have been the most popular type of home among Brooklyn buyers in recent weeks, with more space both indoors and outdoors — and, typically, a lower price per square foot. Last week was no exception regarding pricing: the average price per square foot for the six townhouses that went into contract was $773, while for condos it was $1,443.





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