Brooklyn luxury condo contracts catch up to townhouses

21 contracts signed last week for $67M

New York /
Mar.March 22, 2021 03:50 PM
328 Sackett Street was the most expensive property this week. (Elliman)

328 Sackett Street was the most expensive property this week. (Elliman)

After weeks of townhouses reigning supreme, the number of luxury contracts for condos in Brooklyn made a comeback.

There were 21 signed contracts last week for properties asking $2 million or more in the borough, according to Compass’ weekly report. The total sales volume sat at $66.7 million, compared to $81.7 million the week before across 24 deals.

While last week’s biggest deals were predominantly for townhouses, this week’s report was a mixed bag, with 10 townhouses, 10 condos and one co-op.

The most expensive property was a 4,256-square-foot townhouse at 328 Sackett Street. The four-bedroom single-family home, which features a private garage and terrace, had a last asking price of $6.85 million.

On its tail was a duplex at 277 1st Street in Park Slope. The four-bedroom unit, which includes a rock climbing wall and floor-to-ceiling windows, was last asking $5.25 million.

The sole co-op, a 2,250 square feet unit at 305 Eighth Avenue, was last asking $2.75 million.

The median asking price for last week’s contracts was $2.75 million, and the average asking price was nearly $3.2 million. The average discount increased to 2 percent, up from zero the week before. These homes also spent some more time on the market, at an average of 197 days.





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