search

The Real Deal Logo

Trending

Major developers are converting South Florida malls into mixed-use projectsMajor developers are converting South Florida malls into mixed-use projectsBushburg buying Rudin’s half-empty FiDi office building for $160MBushburg buying Rudin’s half-empty FiDi office building for $160MSpec developer sells waterfront Bay Harbor Islands mansion for record $22MSpec developer sells waterfront Bay Harbor Islands mansion for record $22MClipper losing tenants that occupy 93% of 250 LivingstonClipper losing tenants that occupy 93% of 250 Livingston
Residential
New York

Brooklyn sees $49M in luxury contracts signed during holiday week

Deals signed for 15 homes asking $2M or more last week

48 Willow Place and 568 First Street in Brooklyn (Google Maps, Unsplash)
48 Willow Place and 568 First Street in Brooklyn (Google Maps, Unsplash)

Thanksgiving week yielded 15 deals for Brooklyn’s luxury market.

The contracts inked last week for properties asking $2 million or more totaled $48.9 million, according to Compass’ weekly report. The week prior saw 25 deals inked valued at a combined $73 million.

The most expensive contract signed last week was for a Brooklyn Heights townhouse at 48 Willow Place. The 37-foot-wide home spans 5,000 square feet with six bedrooms, a Japanese garden, floating walls, a wood-burning fireplace and floor-to-ceiling glass walls facing a private backyard. The property was last asking $6.95 million.

The second most expensive deal was a Park Slope townhouse originally built in 1910. The home at 568 First Street has seven bedrooms with a media room, and a spacious English basement with a separate entrance. The home spans more than 5,700 square feet and was last asking $5.9 million.

Sign Up for the undefined Newsletter

Read more

The median asking price of all contracts signed last week was about $2.8 million with an average discount of 2 percent and an average of 171 days on market.

Eleven of the deals were for townhouses, with three condo and one co-op units rounding out the week’s haul of transactions.

The average price per square foot for the townhouse properties was $850, compared to $1,100 for condos and nearly $1,250 for the sole co-op on the list: a three-bedroom duplex at 50 Sterling Place in Park Slope. The co-op unit is one of three within a townhouse and the unit includes access to a private backyard.