Clinton Street condo edges Park Slope townhouse in Brooklyn sales’ slow week

Only 15 contracts for homes asking $2M or more were signed

New York /
Aug.August 03, 2021 02:45 PM
Clinton Street condo edges Park Slope townhouse in Brooklyn sales’ slow week

1 Clinton Street, 60 Montgomery Place (Google Maps)

The mid-summer slide in Brooklyn’s luxury market continues.

Fifteen contracts for homes asking $2 million or more were signed in Brooklyn last week, down from the 19 contracts the previous week, according to Compass’ weekly report.

The asking prices of those contracts amounted to $49.5 million, a decrease from the previous week’s $60 million but up slightly on a per-home basis to $3.3 million. Contracts were signed for eight townhouses, six condominiums and one co-op.

The median asking price for contracts signed last week was $2.8 million, with an average price per square foot of $1,317. High-end sales typically slow down in mid-summer.

A 2,562-square-foot Brooklyn Heights condo at 1 Clinton Street was the priciest to be snapped up; it was asking $5.4 million, or $2,104 per square foot. Built in 2020, the home has four bedrooms, three and a half bathrooms and 8-foot windows with harbor views.

The second most expensive was a 5,874-square-foot Park Slope townhouse at 60 Montgomery Place that was asking $5 million, or $850 per square foot. The four-story home has seven bedrooms, four and a half bathrooms and a roof deck on a green roof.

The 15 homes spent an average of 116 days on the market and had an average discount of 2 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
    Wells Fargo hit with $400M suit for breach of contract linked to robo-signing scandal
    Wells Fargo hit with $400M suit for breach of contract linked to robo-signing scandal
    Wells Fargo hit with $400M suit for breach of contract linked to robo-signing scandal
    11 West 121st Street
    5 historic brownstones and the Harlem Renaissance
    5 historic brownstones and the Harlem Renaissance
    The slowing of the housing market has squeezed the profit margins of house-flipping investors. (iStock)
    Profit margins on fixer-uppers fall to 10-year low
    Profit margins on fixer-uppers fall to 10-year low
    The Saratoga County construction company owner defrauded homebuyers and lenders out of $1 million, spending money on himself or other jobs rather than the homes he promised to build. (iStock)
    Upstate homebuilder gets prison for failing to deliver
    Upstate homebuilder gets prison for failing to deliver
    Quick turnaround times have luxury buyers considering modular as an alternative to traditional construction for grandiose homes. (iStock)
    Modular construction works for luxury homes, too
    Modular construction works for luxury homes, too
    arrow_forward_ios

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

    Loading...