Brooklyn luxury contracts surge with $82M in deals

24 contracts asking $2M or more signed

New York /
Mar.March 16, 2021 08:00 AM
1 Clinton Street and 90 Furman Street (StreetEasy, 1 Clinton Street)

1 Clinton Street and 90 Furman Street (StreetEasy, 1 Clinton Street)

In a rare turn, condos led the pack of luxury contracts signed in Brooklyn last week.

There were 24 deals inked for homes asking $2 million or more last week, according to Compass’ weekly report. The combined sales volume jumped to $81.7 million — a big increase from the previous week’s $60 million, spread across 18 deals.

Brooklyn’s luxury market has largely been dominated by townhouses, which typically take the top spots for each week’s report. Last week, those still made up the bulk of purchases, with 16 townhouses going into contract — but in a twist, the top two deals were both for condos.

The most expensive unit was a triplex penthouse at 90 Furman Street in Brooklyn Heights. The three-bedroom unit at Brooklyn Bridge Park’s Pierhouse spans 3,234 square feet and has an additional 2,000 square feet across three private terraces. The unit was last asking $7.7 million.

The second priciest contract was for another Brooklyn Heights condo at 1 Clinton Street. The three-bedroom, 3,184-square-foot duplex overlooks lower Manhattan and New York Harbor through a 40-foot wall of floor-to-ceiling glass windows. It was last asking $6.6 million.

The median asking price last week was $2.89 million and the average discount was zero, a contrast to the deep discounts in Manhattan’s luxury market. The average number of days the homes spent on the market was 148.





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