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    Home»Real Estate Analysis»Brooklyn’s Luxury Contracts Pick Up Speed

    Brooklyn’s Luxury Contracts Pick Up Speed

    Team_WorldEstateUSABy Team_WorldEstateUSAMay 28, 2026No Comments2 Mins Read
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    Brooklyn’s luxurious offers picked up pace final week. 

    The 32 contracts signed final week for houses asking at the least $2 million within the borough spent a mean of 46 days in the marketplace, in line with Compass’ weekly report for Could 18 to Could 24. The times on market quantity is the bottom to date this 12 months. 

    The borough noticed contracts signed for 10 condos, one co-op and 11 single-family houses for a complete quantity of $97 million. The earlier week saw 25 contracts signed for $80 million, marking a comedown from two weeks of over $150 million in quantity. 

    The median asking worth for offers signed final week was $2.8 million, and the common worth per sq. foot was $1,521. 

    The priciest contract final week was for a Park Slope townhouse at 100 sixth Avenue, asking $6.3 million. 

    The 2-family brownstone spans 20 toes large and 5 ranges. The house is at the moment configured as a five-bedroom triplex and a one-bedroom backyard house. 

    The parlor stage has almost 12-foot ceilings and two wood-burning fireplaces. The ground opens onto a again terrace and a 40-foot-long backyard. 

    The second flooring has two further wood-burning fireplaces and two bedrooms, one in every of which is a main suite with a walk-in closet. The house additionally has a greater than 800-square-foot basement, which is at the moment used as an artwork studio, fitness center and wine cellar. 

    Compass’ Sarah Sawyer and Philip Morelli had the itemizing. 

    The second costliest contract final week was for a penthouse unit at Avdoo’s Bergen growth in Boerum Hill. 

    Penthouse 706E was asking $4.6 million. Spanning 2,500 sq. toes, the triplex residence has three bedrooms, a personal roofdeck with a temperature-controlled plunge pool and a built-in grilling station. 

    Compass’ Tamara Abir and Noah Plener of the Tamara and Noah Workforce had the itemizing. 

    The house beforehand requested as a lot as $5.3 million with a special Compass staff, in line with StreetEasy. 

    The 105-unit constructing, which is 85 % bought, has a ceramic studio, a personal park and two landscaped roof areas with gasoline grills and hearth pits.

    Learn extra

    Brooklyn luxury market notches banner $156M signed volume 


    Compass’ Lindsay Barton Barrett and Nick Gavin with 205 Clinton Street and 234 Clinton Street

    Brooklyn luxury market notches back-to-back record weeks


    Grid Group Managing Principal Yiannes Einhorn and Avdoo CEO Shlomi Avdoo with 110 Boerum Place (front) and 142 West 21st Street (back)

    New York developers are going small






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