Brooklyn luxury market sees four contracts signed for second week in a row

May 4, 2020

Do four high-end contract signings in Brooklyn count as a busy week? At the moment, perhaps. The four deals were for two condos, a co-op and a townhouse, according to the latest report from Compass. The report looks at homes in the borough asking $2 million or more based on the last publicly available asking prices. The previous week’s report also found four such deals. In February, the weekly average was 18. The priciest listing to go into contract last week was a co-op at 1 Pierrepont Street in Brooklyn Heights asking $5.3 million. The five-bedroom property spans about 3,000 square feet and spent 343 days on the market. The second most expensive was a townhouse at 543 11th Street in Park Slope asking $2.6 million. The five-bedroom property spans 2,790 square feet and went into contract after 82 days on the market. It is legally designated as a three-family home but can be easily converted to a single-family, according to Compass.

 

Read more via The Real Deal here.

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