Brooklyn nets $125M in signed luxury contracts

Combined total of deals inked has risen every week since March

New York /
May.May 03, 2021 02:30 PM
168 Plymouth Street  (Alloy)

168 Plymouth Street (Alloy)

The total of asking prices for luxury contracts in Brooklyn climbed for the fifth week in a row.

Forty homes asking more than $2 million went into contract last week, according to Compass’ weekly report. The total of those contracts’ asking prices was $124.8 million, up from the previous week’s $108 million.

That’s the second highest total for asking prices since the week of March 22, when $133 million worth of contracts were signed. The market cooled to $64 million the following week, but the total for signed contracts has been steadily rising since then.

The median asking price for the contracts last week was $2.8 million, up from the previous week’s $2.7 million. The average price per square foot was $1,267.

Of the contracts signed last week, 21 were condos, 17 were townhouses and two were co-ops.

Topping the list was a penthouse at 168 Plymouth Street in Dumbo. The 3,062-square-foot condo had a last asking price of $6.9 million, or $2,237 per square foot. It has three bedrooms, two-and-a-half bathrooms and a private roof deck.

Next on the list was a townhouse at 43 Eighth Avenue in Park Slope. The 5,802-square-foot brownstone went into contract with a last asking price of $6 million, or $1,026 per square foot. The property has six bedrooms, four and a half bathrooms and a landscaped yard with a gas fire pit and built-in seating.

Homes spent an average of 225 days on the market and had an average discount of 1 percent.





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