Clinton Hill townhouse leads Brooklyn’s priciest contracts of the week

Five townhouses and five condos made up last week’s deals

141 Saint James Place and 380 Degraw Street in Brooklyn (Google Maps)
141 Saint James Place and 380 Degraw Street in Brooklyn (Google Maps)

After getting off to a strong start in September, Brooklyn’s luxury market experienced a slight dip in the past week.

The volume of high-end home contracts signed after Labor Day sunk to $33 million over 10 deals, down from 15 contracts totalling $47 million the week before.

Last week’s deals were evenly split between townhomes and condos, according to Compass’ weekly report on luxury home contracts of $2 million or more.

The median asking price across the 10 deals inked in the week following Labor Day was $3.2 million, with an average of 162 days on the market and an average drop in listing price of 3 percent.

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The priciest property was a Clinton Hill townhouse at 141 Saint James Place. The five-bed, 4.5-bath property dates back to 1871, but was gut-renovated with a new kitchen and bathrooms. The two-family home spans 3,800 square feet and comes with two fireplaces and 11-foot ceilings. It was last asking $4.25 million.

The second priciest contract was a five-bedroom townhouse in Carroll Gardens that was last asking just over $4 million. The home at 380 Degraw Street was originally built in 1899 and spans more than 3,700 square feet. Original moldings have been preserved and the home has a landscaped rear garden. The home’s price per square foot — $1,100 — is in line with the average price for Carroll Gardens, which is one of Brooklyn’s most expensive neighborhoods.

Despite a slowdown in residential transactions due to the pandemic, Brooklyn’s sales and rental markets have generally fared better than Manhattan.