{"id":220931,"date":"2026-05-05T18:12:46","date_gmt":"2026-05-05T18:12:46","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/220931\/"},"modified":"2026-05-05T18:12:46","modified_gmt":"2026-05-05T18:12:46","slug":"brooklyn-luxury-market-notches-banner-contract-volume","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/220931\/","title":{"rendered":"Brooklyn Luxury Market Notches Banner Contract Volume"},"content":{"rendered":"

Brooklyn\u2019s luxury market closed April with a boom.\u00a0<\/p>\n

The borough saw 37 contracts signed for homes asking at least $2 million from April 27 to May 3 for a total contract volume of $156 million, according to Compass\u2019 weekly report. The contracts included 20 condos, two co-ops and 15 single-family homes.\u00a0<\/p>\n

The contract volume is the highest total recorded since Compass began compiling the data beginning in 2020, and follows another strong week<\/a> in which buyers signed 31 deals for $103 million.<\/p>\n

The median asking price for deals signed last week was $3.5 million, the average price per square foot was $1,739 and homes spent an average of 79 days on the market.<\/p>\n

The high-volume week was partially powered by 110 Boerum Place, a Cobble Hill project by Avdoo Development that reported its first six contracts in the period, including a penthouse asking $7.5 million.\u00a0<\/p>\n

The top deal signed last week was for a townhouse at 126 Pacific Street in Cobble Hill<\/a> asking $10.5 million.\u00a0<\/p>\n

The 25-foot-wide home spans 6,500 square feet and has seven bedrooms and five bathrooms. Its parlor floor has 11-foot ceilings and two working fireplaces.<\/p>\n

A terrace leads down to a rear garden with a dining area and grill. The primary suite has a dressing area, two walk-in closets and a windowed bathroom with a double vanity. The home also comes with a garden unit with two bedrooms and two bathrooms.\u00a0<\/p>\n

The home last sold in 2007 for $2.8 million, according to public records.<\/p>\n

Compass\u2019 Nick Gavin, Allie Fraza and Ugo Russino had the listing.\u00a0<\/p>\n

The second priciest contract signed last week was for a Park Slope<\/a> townhouse at 527 3rd Street asking $10 million.\u00a0<\/p>\n

The fully-renovated home has five bedrooms and four full bathrooms.\u00a0<\/p>\n

The home has a two-story window looking into the back garden and a central skylight. The garden level has a living space with direct access to the backyard, where there\u2019s a mature cherry blossom.\u00a0<\/p>\n

The second floor has a primary suite with a fireplace, walk-through closet and private terrace.<\/p>\n

The home last sold for $7.3 million in 2022, according to public records.\u00a0<\/p>\n

Sotheby\u2019s International Realty\u2019s Daniela Sassoun, Mark Mistovich and Karin Dauch had the listing.\u00a0<\/p>\n

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Brooklyn luxury market tops $100M in contract signings in one week<\/p>\n

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Park Slope townhouse with rooftop hot tub scores Brooklyn\u2019s top contract<\/p>\n

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Pair of townhouses leads Brooklyn\u2019s luxury contracts<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Brooklyn\u2019s luxury market closed April with a boom.\u00a0 The borough saw 37 contracts signed for homes asking at…\n","protected":false},"author":2,"featured_media":220932,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,99,87072,9,24,63],"class_list":["post-220931","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-news","tag-brooklyn-weekly-contract-luxury-record","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/220931","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/comments?post=220931"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/220931\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/220932"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=220931"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=220931"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=220931"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}