The muggy summer days appear to have slowed down the Brooklyn luxury market.
The borough saw 10 total contracts signed for properties asking $2 million or more between July 29 and August 4, down from 19 the previous week, according to Compass’ weekly report. The 10 contracts – four condos and six townhouses – were also down from the same week last year, which reported 14 signed contracts.
But the period saw some small improvements: The week notched a median asking price of $3 million, up year-over-year from $2.9 million. The average number of days properties spent on the market was down to 148 year-over-year, from 181. The discount percentage was also down, from four percent to two percent.
The top contract signed went to 19 Girard Street, a 4,600-square-foot townhouse in Manhattan Beach with a last asking price of just over $4.1 million. The four bed, five full bath property sits just off of the south side of Sheepshead Bay and features a separate carriage house and fully-finished basement with rec room.
The asking price is more than double the single family home median value of $1.6 million in Manhattan Beach, according to Zillow.
Thomas Lipovetsky has the listing.
A Park Slope penthouse condo had the second priciest contract last week, with a last asking price of $4.1 million.
The top-floor unit at 444 12th Street spans 2,420 square feet with four beds and three baths. The dining room, kitchen and living room form one capacious space, centered around a breakfast bar that seats up to 10 people.
The primary bedroom has an ensuite mosaic bathroom with a private patio egress, while the third bathroom has a walk-in closet, ensuite bathroom and private patio. The unit also features a wood-burning fireplace, central AC, and a terrace over 1,000 square feet.
The building, a converted factory from the early aughts, has a full-time doorman, valet parking and live-in super.
The contract, if closed, would be the most expensive sale at the 35-unit building, according to public records. Penthouse unit PHB closed for $3.2 million last year.
Corcoran’s Jessica Buchman, Bryan Rettaliata, Susanna Studwell and Hannah Simpson of the Jessica Buchman Team had the listing.
Read more
Residential
New York
Former crime family associate’s townhouse leads Brooklyn luxury contracts
Residential
New York
One Clinton resale leads Brooklyn luxury’s mid-July jump
Residential
New York
Fort Greene, Carroll Gardens townhouses top Brooklyn’s luxury market