Brooklyn’s resi market saw 20 contracts close above $2M last week: Stribling
Contracts were worth about $64M overall
There were 20 contracts signed in Brooklyn’s luxury market last week for the second week in a row, an indication that the market may have reached a turning point after slowing throughout the year.
The properties were worth about $63.6 million overall and were split between 10 townhouses, seven condos and three co-ops. They went for an average price of about $3.2 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.
Total sales were the same as the week before, but dollar volume was down from last week’s $79.6 million.
The most expensive deal last week was for a townhouse at 296 Sackett Street in Carroll Gardens, which went for $4.95 million. The five-bedroom property spans 4,250 square feet and includes an indoor parking space and several private outdoor spaces.
The second priciest deal was a co-op at 278 Henry Street in Brooklyn Heights, which went for about $4.8 million. The five-bedroom triplex spans 3,600 square feet.