Brooklyn nets $125M in signed luxury contracts

Combined total of deals inked has risen every week since March

168 Plymouth Street (Alloy)
168 Plymouth Street (Alloy)

The total of asking prices for luxury contracts in Brooklyn climbed for the fifth week in a row.

Forty homes asking more than $2 million went into contract last week, according to Compass’ weekly report. The total of those contracts’ asking prices was $124.8 million, up from the previous week’s $108 million.

That’s the second highest total for asking prices since the week of March 22, when $133 million worth of contracts were signed. The market cooled to $64 million the following week, but the total for signed contracts has been steadily rising since then.

The median asking price for the contracts last week was $2.8 million, up from the previous week’s $2.7 million. The average price per square foot was $1,267.

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Of the contracts signed last week, 21 were condos, 17 were townhouses and two were co-ops.

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Topping the list was a penthouse at 168 Plymouth Street in Dumbo. The 3,062-square-foot condo had a last asking price of $6.9 million, or $2,237 per square foot. It has three bedrooms, two-and-a-half bathrooms and a private roof deck.

Next on the list was a townhouse at 43 Eighth Avenue in Park Slope. The 5,802-square-foot brownstone went into contract with a last asking price of $6 million, or $1,026 per square foot. The property has six bedrooms, four and a half bathrooms and a landscaped yard with a gas fire pit and built-in seating.

Homes spent an average of 225 days on the market and had an average discount of 1 percent.

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