$70M in luxury contracts signed in Brooklyn last week

21 homes asking $2M or more went into contract

New York /
Jan.January 04, 2021 03:15 PM
47 Sidney Place and 118 Joralemon Street, both in Brooklyn Heights, topped the list for most expensive homes.

47 Sidney Place and 118 Joralemon Street, both in Brooklyn Heights, topped the list for most expensive homes.

 

Two Brooklyn Heights townhouses asking just under $11 million and $7 million, respectively, went into contract last week, bringing a weird year for real estate to a close on a relatively high note.

A total of 21 Brooklyn homes asking $2 million or more went into contract last week, for a combined value of $69.7 million, according to Compass’ weekly report.

That’s a sizable jump up from contract activity over the previous two weeks, where 18 deals were inked for a total value of $59 million and $47 million, respectively.

Townhouses once again dominated the landscape, accounting for 15 of the deals; there were five condo transactions and a single co-op. The median asking price across all 21 homes was $2.55 million and the average discount off the original listing price was 3 percent. The properties spent an average of 98 days on the market.

The most expensive contract signed last week was for 47 Sidney Place, a nearly 6,200-square-foot townhouse in Brooklyn Heights. The five-bedroom home was gut renovated and refurbished to passive house standards. One of the floors is currently configured as a separate apartment. The home was last asking $10.99 million.

The second-priciest home, also located in Brooklyn Heights, was a townhouse at 118 Joralemon Street. The 25-foot wide home is landmarked and spans about 6,000 square feet. It has seven bedrooms, home offices and a rear, landscaped garden outfitted with an in-ground hot tub. It was last asking $6.6 million.

The average price for townhouses was $880 per square foot with an average size of 3,850 square feet.





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