Brooklyn luxury contracts top out at $5M 

Brooklyn’s luxury market last week heated up slightly from a slow Fourth of July, but kept up the cooling streak that’s been dominating the summer months. 

Nineteen contracts were signed last week for luxury homes in Brooklyn, up from 14 in the previous period, according to Compass’ weekly report of homes in the borough asking $2 million or more. The market was led by two homes asking just under $5 million, the same ceiling seen at the top of the previous two reports. 

The first was Unit PH4 at 172 North 10th Street in Williamsburg. The penthouse, built in 2014, has three bedrooms, three full bathrooms and spans 2,300 square feet. It also has 360-degree views, a 2,400-square-foot wraparound terrace and an included parking space.

Compass’ Christine Blackburn had the listing. 

The other home to enter contract for just under $5 million last week was a townhouse at 448 6th Street in Park Slope. The house spans 3,500 square feet and has four bedrooms and two full bathrooms. 

Built in 1901, the four-story home has custom millwork and coffered ceilings. The gas fireplace in the front parlor includes a marble mantle reclaimed from the Plaza Hotel. The house also has a full-floor primary suite and a large south-facing garden, a finished roof deck with a kitchenette and bar, and a brick facade.

Leslie Garfield’s Cameron LeCates had the listing.

Of the 19 homes to enter contract last week, nine were townhouses, seven condos and three co-ops. 

The homes’ combined asking prices was $59.3 million, which works out to an average of $3.1 million and a median of $2.7 million. The average price per square foot was $1,284. The typical home received a 1 percent discount and spent 80 days on the market.

Read more

National

Resi Rundown: The hypocrisy of “marginal agents”

New York

Mott Haven’s resi market is on the rise 

New York

These pols failed to do what they require of landlords