$70M in luxury contracts signed in Brooklyn last week

first_imgEmail Address* Share on FacebookShare on TwitterShare on LinkedinShare via Email Share via Shortlink Full Name* 47 Sidney Place and 118 Joralemon Street, both in Brooklyn Heights, topped the list for most expensive homes. Two Brooklyn Heights townhouses asking just under $11 million and $7 million, respectively, went into contract last week, bringing a weird year for real estate to a close on a relatively high note.A total of 21 Brooklyn homes asking $2 million or more went into contract last week, for a combined value of $69.7 million, according to Compass’ weekly report.That’s a sizable jump up from contract activity over the previous two weeks, where 18 deals were inked for a total value of $59 million and $47 million, respectively.Townhouses once again dominated the landscape, accounting for 15 of the deals; there were five condo transactions and a single co-op. The median asking price across all 21 homes was $2.55 million and the average discount off the original listing price was 3 percent. The properties spent an average of 98 days on the market.Read more$59M in luxury deals inked in Brooklyn last weekHistoric Cobble Hill townhouse tops Brooklyn’s luxury contracts last weekManhattan’s luxury market has best post-Christmas week since 2006 The most expensive contract signed last week was for 47 Sidney Place, a nearly 6,200-square-foot townhouse in Brooklyn Heights. The five-bedroom home was gut renovated and refurbished to passive house standards. One of the floors is currently configured as a separate apartment. The home was last asking $10.99 million.The second-priciest home, also located in Brooklyn Heights, was a townhouse at 118 Joralemon Street. The 25-foot wide home is landmarked and spans about 6,000 square feet. It has seven bedrooms, home offices and a rear, landscaped garden outfitted with an in-ground hot tub. It was last asking $6.6 million.The average price for townhouses was $880 per square foot with an average size of 3,850 square feet.Contact Erin Hudsoncenter_img Message* Share via Shortlink TagsbrooklynLuxury Real EstateResidential Real Estatelast_img read more