Brooklyn Luxury Market Signs 32 Contracts Worth $97M

Brooklyn’s luxury market saw a strong surge in buyer activity, with contracts moving quickly for condos, co-ops, and townhouses in Park Slope, Boerum Hill, and nearby neighborhoods. Listings priced at $2 million and up attracted noticeably more interest, with 32 contracts recorded between May 18 and May 24 for about $97 million in signed volume. The median asking price for these deals was $2.8 million, and the average price was $1,521 per square foot. Those listings spent an average of 46 days on the market, the fastest pace so far this year. A Park Slope two-family brownstone at 100 6th Avenue led the week at about $6.25 million, while a Boerum Hill penthouse at Avdoo’s Bergen development followed in the mid-$4 million range.

"Brooklyn logged 32 contracts for properties asking at least $2 million between May 18 and May 24, totaling roughly $97 million in signed volume. The median asking price for those deals came in at $2.8 million, with an average price of $1,521 per square foot. Together, the listings spent an average of 46 days on the market, the quickest pace recorded so far this year."

"Leading the pack was a two-family brownstone at 100 6th Avenue in Park Slope, marketed at roughly $6.25 million, per Compass. The 20-foot-wide, five-level house is set up as a five-bedroom triplex over a one-bedroom garden apartment and includes a parlor floor with nearly 12-foot ceilings, multiple wood-burning fireplaces and a 40-foot rear garden."

"The second-priciest contract was for Penthouse 706E at Avdoo's Bergen development in Boerum Hill, a roughly 2,500-square-foot triplex that had been asking in the mid-$4 million range. The unit features a private roofdeck with a temperature-controlled plunge pool and built-in grilling station, according to StreetEasy."

"Listing records show the 105-unit Bergen is now largely sold, with the developer marketing the building as more than 80 percent sold; the penthouse previously carried a higher asking price earlier in its marketing run. MLS and listing pages corroborate the penthouse's specs and pricing history."

Read at Hoodline