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    Home»Real Estate Analysis»Brooklyn Luxury Market Notches Banner Contract Volume

    Brooklyn Luxury Market Notches Banner Contract Volume

    Team_WorldEstateUSABy Team_WorldEstateUSAMay 5, 2026No Comments2 Mins Read
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    Brooklyn’s luxurious market closed April with a growth. 

    The borough noticed 37 contracts signed for houses asking at the least $2 million from April 27 to Could 3 for a complete contract quantity of $156 million, in line with Compass’ weekly report. The contracts included 20 condos, two co-ops and 15 single-family houses. 

    The contract quantity is the very best complete recorded since Compass started compiling the information starting in 2020, and follows another strong week through which patrons signed 31 offers for $103 million.

    The median asking value for offers signed final week was $3.5 million, the common value per sq. foot was $1,739 and houses spent a median of 79 days in the marketplace.

    The high-volume week was partially powered by 110 Boerum Place, a Cobble Hill mission by Avdoo Improvement that reported its first six contracts within the interval, together with a penthouse asking $7.5 million. 

    The highest deal signed final week was for a townhouse at 126 Pacific Avenue in Cobble Hill asking $10.5 million. 

    The 25-foot-wide residence spans 6,500 sq. toes and has seven bedrooms and 5 bogs. Its parlor ground has 11-foot ceilings and two working fireplaces.

    A terrace leads all the way down to a rear backyard with a eating space and grill. The first suite has a dressing space, two walk-in closets and a windowed lavatory with a double vainness. The house additionally comes with a backyard unit with two bedrooms and two bogs. 

    The house final offered in 2007 for $2.8 million, in line with public information.

    Compass’ Nick Gavin, Allie Fraza and Ugo Russino had the itemizing. 

    The second priciest contract signed final week was for a Park Slope townhouse at 527 third Avenue asking $10 million. 

    The fully-renovated residence has 5 bedrooms and 4 full bogs. 

    The house has a two-story window trying into the again backyard and a central skylight. The backyard degree has a residing house with direct entry to the yard, the place there’s a mature cherry blossom. 

    The second ground has a main suite with a fire, walk-through closet and personal terrace.

    The house final offered for $7.3 million in 2022, in line with public information. 

    Sotheby’s Worldwide Realty’s Daniela Sassoun, Mark Mistovich and Karin Dauch had the itemizing. 

    Learn extra

    Brooklyn luxury market tops $100M in contract signings in one week


    265 Sixth Avenue with Compass’ Alessandra DeLaCruz, 153 State Street with Corcoran’s Behzad Amiri

    Park Slope townhouse with rooftop hot tub scores Brooklyn’s top contract


    382 Degraw Street with Compass’ Jared Lafrenais; 10 Sidney Place with Serhant’s Ravi Kantha

    Pair of townhouses leads Brooklyn’s luxury contracts






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