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    Home»Real Estate Analysis»Brooklyn’s Election Week Market

    Brooklyn’s Election Week Market

    Team_WorldEstateUSABy Team_WorldEstateUSANovember 11, 2025No Comments2 Mins Read
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    A hotly contested mayoral election didn’t decelerate Brooklyn’s luxurious market final week. 

    Final week noticed 27 contracts — 16 condos and 11 homes — signed for houses asking no less than $2 million in accordance with Compass’ weekly contracts report masking Nov. 3 to Nov. 9. The contracts had a complete final asking quantity of $80 million, beating the previous period’s total of 19 contracts signed for $66 million. 

    The priciest contract signed final week was for a townhouse on 152 DeKalb Avenue in Fort Greene asking $4.7 million. 

    The 20-foot-wide house spans 3,200 sq. ft and comes with six bedrooms and three full loos. The house is at the moment arrange as an proprietor’s triplex and a one-bedroom backyard rental. 

    Constructed within the Eighteen Eighties for publishing mogul James Gordon Bennett, the house was renovated within the early 2000s. It nonetheless retains its unique plaster moldings, window shutters, marble mantels, parquet flooring and stairway wainscoting, and has two practical wood-burning fireplaces. 

    The house has a deck overlooking its 55-foot-long again backyard. 

    Compass’ Kathleen Perkins had the itemizing. 

    The second most costly deal signed was for a townhouse at 274 Clinton Avenue in Clinton Hill asking $4.5 million. 

    The Italianate brownstone spans 4,500 sq. ft and is configured as a garden-level duplex and an upper-level triplex. It comes with three wood-burning fireplaces and a again deck and backyard. 

    The backyard duplex options two bedrooms, a full toilet and a chef’s kitchen with a proper eating room. The higher triplex has 4 bedrooms and three loos. 

    An entity tied to Sherwood Equities, a privately-held actual property agency, purchased the property for $3.6 million in 2016. The agency has held quite a few high-profile developments within the metropolis in recent times. It’s shopping a site at Hudson Yards, which may be was a 233-unit residential improvement, for north of $100 million. 

    Steven Novick, president of the agency’s brokerage arm, had the itemizing. 

    Properties getting into contract final week had a median asking value of $2.75 million, a mean value per sq. foot of $1,413 and spent a mean of 78 days in the marketplace. 

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