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Brooklyn luxury market saw 9 contracts signed last week

Contracts were worth about $25M overall

19 Tompkins Place in Cobble Hill and 396 Sterling Place in Prospect Heights
19 Tompkins Place in Cobble Hill and 396 Sterling Place in Prospect Heights

There were nine contracts signed in Brooklyn’s luxury market last week for a total of about $24.8 million.

The properties included seven townhouses and two condominiums, and they went for an average price of about $2.8 million, according to the latest report from Compass. The firm classifies luxury properties as all homes priced at $2 million or higher.

The market was down from the previous week, when it saw 18 contracts signed for about $50.2 million.

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The priciest deal last week was for a Cobble Hill townhouse at 19 Tompkins Place, which went for slightly less than $5 million. The eight-bedroom home stands four stories tall with a garden, and it went into contract 5 percent below its $5.25 million asking price.

The second most expensive deal was for a townhouse at 396 Sterling Place in Prospect Heights, which went for slightly less than $3 million. The seven-bedroom home spans 4,004 square feet, and it went into contract 17 percent below its roughly $3.6 million asking price.

Other sales last week included a single-family home at 1221 Albemarle Road in Prospect Park South for about $2.7 million and a condo at 121 Sterling Place in Park Slope for $2.55 million. – Eddie Small

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