Brooklyn contracts cool as summer heats up

Twenty-three contracts totaling $72.8M in asking prices were inked last week

New York /
Jul.July 07, 2021 01:45 PM
85 Jay Street and 38 Third Place (Winnick Realty, Google Maps)

85 Jay Street and 38 Third Place (Winnick Realty, Google Maps)

As the summer heat raged, Brooklyn contract signings cooled last week.

Twenty-three contracts for homes worth $2 million or more were inked from June 28 to July 5, down from the 30 deals signed the previous week, according to Compass’s weekly report.

Ten were for condos, nine were for townhouses and four were for co-ops. The asking prices of those contracts totaled $72.8 million, down from the $96 million total of the previous week.

The most expensive contract signed was for a 3,068-square-foot Front & York penthouse at 85 Jay Street. The Dumbo condo was last listed at $7.85 million, or $2,559 per square foot, and has four bedrooms, four-and-a-half bathrooms, 11-foot ceilings and a 980 square-foot wraparound terrace.

The second-priciest home was a $6.5 million townhouse at 38 Third Place in Carroll Gardens. It features four bedrooms, three-and-a-half bathrooms, 10-foot high ceilings and a marble fireplace.

The median asking price for the contracts signed was $2.75 million, and the average price per square foot was $1,457. Homes stayed on the market for an average of 85 days and received an average discount of 1 percent.





    Related Articles

    arrow_forward_ios
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    Clockwise from left: John D. Rockefeller, Izzy Englander, Steven Mnuchin, David Koch, Jacqueline Bouvier, and William Zeckendorf (Credit: Getty Images and StreetEasy)
    For 15 years, David Koch lived at the world’s “richest building”
    For 15 years, David Koch lived at the world’s “richest building”
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    Here are the week’s top luxury sales
    90 Morton Street and 212 West 18th Street (Photos via 90MortonSt and JDS)
    Walker Tower pad to sell at loss as Manhattan luxury market hits 7-month low
    Walker Tower pad to sell at loss as Manhattan luxury market hits 7-month low
    Rep. Alexandria Ocasio-Cortez, President Joe Biden and House Speaker Nancy Pelosi (Getty)
    Democrats urge Biden to extend eviction ban after House effort falls short
    Democrats urge Biden to extend eviction ban after House effort falls short
    Anderson Cooper is selling the apartment of his late mother Gloria Vanderbilt (Getty, Corcoran)
    Gloria Vanderbilt’s Beekman Place apartment lists for $1.1M
    Gloria Vanderbilt’s Beekman Place apartment lists for $1.1M
    Some real estate agents are seeing a rebound in international interest, but others believe foreign buyers aren’t quite back yet. (iStock)
    Some say foreign buyers are back, but evidence is anecdotal
    Some say foreign buyers are back, but evidence is anecdotal
    Susan Rice (Getty, iStock)
    Susan Rice to co-chair home appraisal inequity task force
    Susan Rice to co-chair home appraisal inequity task force
    arrow_forward_ios

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

    Loading...