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Brooklyn’s luxury market hit pause for the holiday

Just 7 contracts signed for homes asking $2M+

Brooklyn’s Luxury Market Out On Thanksgiving Break

From left: 359 Bergen Street and 185 Plymouth Street in Brooklyn (Getty, Google Maps, Corcoran)

Brooklyn’s luxury market hit the brakes for the Thanksgiving holiday.

Just seven homes asking $2 million or more in the borough found buyers last week, according to Compass’ weekly report. The total was down from the 13 contracts inked in the previous period. 

The priciest home to enter contract was 359 Bergen Street in Park Slope, with an asking price of $5.5 million. The townhouse, built in 1910, spans 3,100 square feet and has seven bedrooms and three bathrooms. 

The renovated brownstone also has a working fireplace, floor-to-ceiling windows and landscaped backyard with a deck.

Corcoran’s Dawn Silverstein had the listing. 

The home is the latest in a long list of Park Slope townhouses to top the borough’s weekly contract reports. In the first week of October, 416 7th Street was the priciest Brooklyn home to lock down a buyer after asking $3.6 million. 

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The second most expensive property to enter contract was Unit 4S at 185 Plymouth Street, last asking $4.8 million. The Dumbo condo spans 3,300 square feet and has three bedrooms and two bathrooms. 

It also features a windowed home office, walk-in storage rooms, glass curtain wall and private laundry room. Amenities in the 10-unit building include a gym, bike storage and 24-hour virtual doorman.

Nest Seekers’ Jessica Campbell had the listing.

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Alloy Development converted the former warehouse to condos in 2014. The boutique condominium was home to one of the priciest sales in the borough in April 2015 — a third-floor apartment that closed for $4.1 million

Of the seven signed contracts, two were for condos and five were for townhouses.

The average asking price was $4 million, or $1,474 per square foot. On average, the homes spent 82 days on the market and were priced at 3 percent less than their original listing price. 

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