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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.

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