Luxurious consumers in Brooklyn didn’t look forward to Black Friday to snag a rush of offers.
The borough notched 30 contracts — 18 for condos, one co-op and 11 townhouses —between Nov. 17 to Nov. 23 for a complete contract quantity of $101 million, in keeping with Compass’ weekly report of contracts for houses asking no less than $2 million.
It’s solely the second time this yr the luxurious market has cracked the $100 million mark in a single week within the borough. Within the first week of October, Brooklyn saw 35 contracts signed for $108 million in whole asking quantity.
The sturdy week continues the pattern of consumers defying expectations following Zohran Mamdani’s profitable marketing campaign for mayor, which had many within the real estate world concerned about an exodus of wealthy New Yorkers. The market noticed a slew of exercise as an alternative, with houses final week getting into into contract with no low cost, on common. The median asking worth was $2.9 million and houses spent a median of 80 days in the marketplace.
The highest deal signed final week went to penthouse 2C at RAL Companies’ Quay Tower in Brooklyn Heights.
Spanning over 2,500 sq. ft with three bedrooms and three full bogs, the apartment had a final asking worth of almost $6 million.
The unit options a big front room, chef-inspired kitchen and a major suite with a walk-in closet and ensuite rest room with cast-stone double sinks, radiant heated flooring and a free-standing bathtub.
The house had initially been asking $6.75 million in April 2024 earlier than dropping the value three months later. Serhant’s Jim Hayes and Brad Mohr had the itemizing.
The 125-unit property at 50 Bridge Park Drive has a 24-hour concierge, health heart, rooftop lounge and music room.
Launched in 2018, the event is right down to its final handful of unsold models with simply 4 listed on StreetEasy. Penthouse 2C was the ultimate unsold penthouse on the mission, in keeping with Marketproof.
The mission’s trophy penthouse sold for $20.3 million in 2020, setting the file for the priciest deal in Brooklyn that yr.
The second priciest deal final week went to a townhouse at 175 Saint James Place in Clinton Hill asking $5.5 million.
Spanning over 4,500 sq. ft, the three-story dwelling options 4 bedrooms and three full bogs.
A second-floor major suite has twin walk-in closets, a personal terrace and an ensuite rest room with a soaking tub, together with a second room that can be utilized as an workplace area.
A den on the rear of the parlor degree opens onto a deck overlooking a again backyard.
The house final offered for $1.8 million in 2023 to a restricted legal responsibility firm, in keeping with public information.
Compass’ Tali Berzak had the itemizing.
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