Townhouse contracts dominated Brooklyn luxury market last week

Contracts were worth about $31M overall

120 Congress Street in Brooklyn
120 Congress Street in Brooklyn

There were 11 contracts signed in the Brooklyn luxury market last week, split between 10 townhouses and one condo.

The properties sold for about $30.8 million overall and went for an average price of roughly $2.8 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 slower than the week before, when 17 contracts were signed for about $46.8 million.

Sign Up for the undefined Newsletter

The most expensive deal last week was for a house at 120 Congress Street in Cobble Hill, which went for $4.9 million. The four-bedroom property spans 4,500 square feet and includes four outdoor spaces: a deck, a patio and a pair of terraces on the top floor.

540 8th Street in Brooklyn

The second most expensive deal was for a house at 540 8th Street in Park Slope, which went for $3.25 million. The two-family home spans about 3,000 square feet with five bedrooms and could be converted into a single-family home as well.

Other major deals last week included a house at 351 Sackett Street in Carroll Gardens that sold for $3.15 million and a condo at 694 Degraw Street in Park Slope that sold for about $2.2 million. – Eddie Small