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    Home»Real Estate Analysis»Brooklyn’s Luxury Contracts Pick Up Speed

    Brooklyn’s Luxury Contracts Pick Up Speed

    Team_WorldEstateUSABy Team_WorldEstateUSAMay 28, 2026No Comments2 Mins Read
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    Brooklyn’s luxurious offers picked up velocity final week. 

    The 32 contracts signed final week for properties asking at the least $2 million within the borough spent a mean of 46 days available on the market, in line with Compass’ weekly report for Could 18 to Could 24. The times on market quantity is the bottom to this point this 12 months. 

    The borough noticed contracts signed for 10 condos, one co-op and 11 single-family properties for a complete quantity of $97 million. The earlier week saw 25 contracts signed for $80 million, marking a comedown from two weeks of over $150 million in quantity. 

    The median asking value for offers signed final week was $2.8 million, and the typical value per sq. foot was $1,521. 

    The priciest contract final week was for a Park Slope townhouse at 100 sixth Avenue, asking $6.3 million. 

    The 2-family brownstone spans 20 ft large and 5 ranges. The house is at present configured as a five-bedroom triplex and a one-bedroom backyard condominium. 

    The parlor stage has almost 12-foot ceilings and two wood-burning fireplaces. The ground opens onto a again terrace and a 40-foot-long backyard. 

    The second ground has two further wood-burning fireplaces and two bedrooms, one among which is a main suite with a walk-in closet. The house additionally has a greater than 800-square-foot basement, which is at present used as an artwork studio, health club and wine cellar. 

    Compass’ Sarah Sawyer and Philip Morelli had the itemizing. 

    The second most costly contract final week was for a penthouse unit at Avdoo’s Bergen growth in Boerum Hill. 

    Penthouse 706E was asking $4.6 million. Spanning 2,500 sq. ft, the triplex dwelling has three bedrooms, a non-public roofdeck with a temperature-controlled plunge pool and a built-in grilling station. 

    Compass’ Tamara Abir and Noah Plener of the Tamara and Noah Staff had the itemizing. 

    The house beforehand requested as a lot as $5.3 million with a special Compass staff, in line with StreetEasy. 

    The 105-unit constructing, which is 85 p.c offered, has a ceramic studio, a non-public park and two landscaped roof areas with fuel grills and hearth pits.

    Learn extra

    Brooklyn luxury market notches banner $156M signed volume 


    Compass’ Lindsay Barton Barrett and Nick Gavin with 205 Clinton Street and 234 Clinton Street

    Brooklyn luxury market notches back-to-back record weeks


    Grid Group Managing Principal Yiannes Einhorn and Avdoo CEO Shlomi Avdoo with 110 Boerum Place (front) and 142 West 21st Street (back)

    New York developers are going small






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