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Brooklyn luxury market saw 16 contracts signed last week
Contracts were worth about $48M overall
The Brooklyn luxury market saw 16 contracts signed last week, split between 11 houses and five condominiums.
The properties sold for about $47.8 million overall and went for an average price of about $3 million, according to the latest report from Stribling & Associates. The firm defines the borough’s luxury market as all homes priced at $2 million or higher.
Last week was stronger than the week before, when there were 12 contracts signed in the market worth about $39.3 million.
The largest deal last week was for a townhouse in Park Slope at 934 President Street, which went for $4.95 million. The property is currently constructed as a 10-unit building with a studio and a one-bedroom apartment per floor over five floors, but it could be renovated and turned into a single-family residence as well.
The second priciest deal last week was for a Pierhouse condo at 130 Furman Street in Brooklyn Heights, which went for $4.75 million. The unit spans two floors and 3,062 square feet with four bedrooms and 3.5 bathrooms.
Other notable deals last week included a condo at 190 South 1st Street in Williamsburg, which went for $4.45 million, and a home at 442 State Street in Downtown Brooklyn, which went for about $3.3 million. – Eddie Small