Brooklyn’s luxury market sees bump in activity with $49M in contracts signed last week: Stribling

There were 16 contracts, up from 5 last week

845 Carroll Street (top) and 70 Henry Street (bottom)
845 Carroll Street (top) and 70 Henry Street (bottom)

There were 16 contracts signed in Brooklyn’s luxury market last week for a total of about $48.7 million.

The properties were split between 12 townhouses, three condos and one co-op, and they went for an average price of roughly $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.

Both numbers were up from the week before, when the market saw just five contracts signed for about $14.3 million overall.

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The most expensive deal last week was for a townhouse at 845 Carroll Street in Park Slope, which went for $4.95 million. The nine-bedroom home spans 5,800 square feet, and the contract price represents a 32 percent discount from the initial asking price.

The second most expensive deal was for a condo at 70 Henry Street in Brooklyn Heights, which sold for $4.45 million. The four-bedroom home spans about 2,700 square feet and went into contract at an 8 percent discount from its initial asking price.

Other deals last week included a condo at 78 Amity Street in Cobble Hill for about $3.7 million and a co-op at 41 Eastern Parkway in Prospect Heights for $2.5 million. – Eddie Small