Brooklyn Heights condo is borough’s priciest deal signed last week

18 contracts signed for total volume of $46M

New York /
Mar.March 04, 2021 08:30 AM
A unit at a Brooklyn Heights condo was the priciest deal last week. (One Clinton)

A unit at a Brooklyn Heights condo was the priciest deal last week. (One Clinton)

After several strong weeks, Brooklyn’s luxury market dipped a bit in the final week of February. The category is defined as properties asking $2 million or higher. A Brooklyn Heights condo was the priciest unit of the week.

Just 18 contracts were signed with a total sales volume of $46.2 million, according to Compass’ weekly luxury market report. The average asking price was $2.6 million. The total was a decrease from the previous three weeks, each of which had at least 20 deals and a total sales volume above $65 million.

Condos dominated when it came to contracts signed for the week ending Feb. 28, another key difference. Eleven of those units went into contract with an average asking price of $2.6 million, and an average square footage of 1,840. Seven townhouse deals were inked, asking an average of $2.4 million and an average square footage of 2,833.

The priciest deal of the week was also for a condo, and a new development at that: A three-bedroom, two-and-a-half-bathroom unit at One Clinton Street in Brooklyn Heights went into contract with a final asking price of $3.8 million. The nearly 2,200-square-foot property overlooks Clinton Street, and comes with expansive views of Manhattan and New York Harbor.

Coming in a close second was a Park Slope townhouse at 20 Polhemus Place. The 3,000-square-foot single-family home has five bedrooms and three bathrooms, along with three wood-burning fireplaces and plenty of outdoor space. It was last listed for $3.7 million.

Once again, townhouses were the better deal on a price-per-square-foot basis, asking $875 versus $1,462 for condos.





    Related Articles

    arrow_forward_ios
    Celebrity broker Ryan Serhant is renting his Hudson Square penthouse. (Serhant)
    Ryan Serhant rents Lower Manhattan penthouse for $15K
    Ryan Serhant rents Lower Manhattan penthouse for $15K
    Birmingham and Bournemouth both saw a giant increase in demand. (Getty)
    Demand for rentals rises in UK’s largest cities in Q1
    Demand for rentals rises in UK’s largest cities in Q1
    This Arkansas compound  sits directly across from the University of Arkansas football stadium. (Getty, Realtor.com)
    Arkansas’ priciest home lists near Fayetteville football stadium
    Arkansas’ priciest home lists near Fayetteville football stadium
    Philip Falcone and his homes at 142 Crestview Lane in Sagaponack and  22 East 67th Street (Getty, Corcoran, Google Maps)
    Foreclosure on Phil Falcone’s homes can move forward
    Foreclosure on Phil Falcone’s homes can move forward
    BHS CEO Bess Friedman, Sotheby’s CEO Philip White REBNY head James Whelan, Douglas Elliman executive chairman Howard Lorber and Corcoran CEO Pamela Liebman (Getty, iStock)
    Broker fee ban an “error,” court rules
    Broker fee ban an “error,” court rules
    Christopher Riccio
    Christopher Riccio joins Douglas Elliman, bids Leslie J. Garfield farewell
    Christopher Riccio joins Douglas Elliman, bids Leslie J. Garfield farewell
    The Wonder Wheel in Coney Island (Getty)
    Coney Island Wonder Wheel reopens
    Coney Island Wonder Wheel reopens
    Brooklyn saw increases in prices, sales and inventory. (Getty, Two Trees)
    Brooklyn’s median sales price hit record high in Q1
    Brooklyn’s median sales price hit record high in Q1
    arrow_forward_ios

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

    Loading...