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    Home»Real Estate News»Brooklyn Luxury Contracts Slow Down After Hot Streak

    Brooklyn Luxury Contracts Slow Down After Hot Streak

    Team_WorldEstateUSABy Team_WorldEstateUSANovember 18, 2025No Comments2 Mins Read
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    After a number of sturdy weeks, Brooklyn’s luxurious market slowed down.

    The borough noticed 15 contracts — 5 condos and 10 homes — signed between Nov. 10 and Nov. 16 for a complete asking quantity of $49 million. The full was down from the earlier week, which noticed 27 contracts signed for $80 million. 

    The priciest property to snag a signed contract was a historic mansion on a sprawling plot of land south of Prospect Park. 

    Inbuilt 1904, the 5,000-square-foot dwelling on 1221 Albemarle Road scored a contract with a final asking value of $6 million, in line with Compass’ weekly report. The home sits on a nook parcel of land with a 67-foot-wide entrance yard, a non-public driveway and a two-car storage.

    The six-bedroom and three-bathroom dwelling has been restored and renovated to maintain authentic particulars like its parquet flooring, ornamental moldings, central staircase and stained-glass home windows.

    The chef’s kitchen options customized oak cabinetry, Calacatta marble counter tops and a farm sink with unlacquered brass fixtures. The first suite holds a seating space, walk-in closet and a skylit rest room with marble double vainness, windowed bathe clad in handmade tile, a soaking and a customized sauna. 

    There may be additionally an irrigated aspect yard with fruit, vegetable and herb beds. The house was final bought for $2.4 million in 2019. 

    Compass’ Laura Rozos had the itemizing. 

    The second priciest contract signed was for a townhouse at 532 Clinton Avenue in Carroll Gardens, asking $5.25 million. 

    The gut-renovated dwelling spans 3,600 sq. toes and options 4 beds and 4 full bogs. 

    The backyard flooring has a windowed den with full-height glass sliding doorways that lead into the again backyard. The first suite fills the complete prime flooring, with floor-to-ceiling home windows, a walk-in closet and an ensuite rest room with twin vanities, a freestanding soaking tub and a glass-enclosed bathe. 

    The house additionally has a completed roof deck with views of the Statue of Liberty. 

    Actual property investor Jawad Lakhani purchased the house for $2.4 million final 12 months, in line with public data. 

    Compass’ Tamara Abir, Noah Plener and Sarah Slavin of the Tamara and Noah Staff had the itemizing.

    Learn extra

    Compass Kathleen Perkins with 152 Dekalb Avenue, Sherwood Residential’s Steven Novick with 274 Clinton Avenue

    Brooklyn luxury contracts notch busy election week 


    BHS Bess Freedman, Compass’ Leonard Steinberg, Mayor-elect Zohran Mamdani Douglas Elliman’s Frances Katzen and Serhant's Peter Zaitzeff

    NYC resi players dismiss “nonsense from Florida brokers” after Zohran Mamdani’s victory 


    Grand and historic house in Brooklyn sells for nearly $3M






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