{"id":236823,"date":"2026-05-19T15:43:41","date_gmt":"2026-05-19T15:43:41","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ny\/236823\/"},"modified":"2026-05-19T15:43:41","modified_gmt":"2026-05-19T15:43:41","slug":"brooklyns-luxury-contracts-cool-off-with-80m-week","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ny\/236823\/","title":{"rendered":"Brooklyn\u2019s Luxury Contracts Cool Off With $80M Week"},"content":{"rendered":"

Activity in Brooklyn\u2019s luxury market came back down to earth last week.\u00a0<\/p>\n

After notching two straight<\/a> weeks<\/a> with contract volumes over $150 million, the borough saw $80 million in volume across 25 contracts last week, according to Compass\u2019 weekly report for contracts signed on homes asking at least $2 million from May 11 to May 17. Contracts signed last week included seven condos, five co-ops and 13 single-family homes.\u00a0<\/p>\n

The median asking price for deals signed last week was $2.5 million, the average price per square foot was $1,279 and homes spent an average of 62 days on the market.<\/p>\n

The priciest contract last week was for a Carroll Gardens townhouse at 181 President Street, asking $8.3 million.\u00a0<\/p>\n

Designed by Workshop DA, the home spans almost 4,500 square feet and has five bedrooms and three bathrooms.\u00a0<\/p>\n

The 29-foot-wide living room has 12-foot ceilings and floor-to-ceiling glass doors that lead to a landscaped back terrace. The terrace has a kitchenette, grilling station, pergola and built-in seating.\u00a0<\/p>\n

The top floor holds the primary suite, which includes a bedroom with views of Lower Manhattan, a walk-in closet and a bathroom with a freestanding oval tub and skylit shower. The home also has a private elevator, roof deck and a multi-car garage.<\/p>\n

The finished basement has a media room and wine cellar.<\/p>\n

CORE\u2019s Emily Beare, Lexi Alper and Caroline Shalloe had the listing.\u00a0<\/p>\n

The previous two weeks had been buoyed by a total of 11 deals signed at Avdoo\u2019s 110 Boerum Place<\/a> in Cobble Hill. Last week, the development put another three units in contract, including Unit 302, which was the second priciest deal of the period.\u00a0<\/p>\n

Asking $5.6 million, the 2,100-square-foot condo has three bedrooms, two bathrooms and over 400 square feet of outdoor space across two loggias.\u00a0<\/p>\n

Designed by Brooklyn-based architect Brent Buck, the boutique development launched sales with an in-house team in January and has put 12 of the building\u2019s 21 units into contract, according to StreetEasy.\u00a0<\/p>\n

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\n\t\t\t\t\t\t\t\t<\/p>\n

\t\t\t\t\t\t\t\t\t\t\t\t\t\"Sotheby\u2019s\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Brooklyn luxury market notches banner $156M signed volume\u00a0<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Compass\u2019\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

Brooklyn luxury market notches back-to-back record weeks<\/p>\n

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\t\t\t\t\t\t\t\t\t\t\t\t\t\"Grid\t\t\t\t\t\t\t\t\t\t\t<\/p>\n

New York developers are going small<\/p>\n

\t\t\t<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Activity in Brooklyn\u2019s luxury market came back down to earth last week.\u00a0 After notching two straight weeks with…\n","protected":false},"author":2,"featured_media":236824,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36],"tags":[98,100,92669,99,9,24,63],"class_list":["post-236823","post","type-post","status-publish","format-standard","has-post-thumbnail","category-brooklyn","tag-brooklyn","tag-brooklyn-headlines","tag-brooklyn-luxury-110-boerum-181-president","tag-brooklyn-news","tag-new-york","tag-new-york-city","tag-nyc"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/236823","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=236823"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/posts\/236823\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media\/236824"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/media?parent=236823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/categories?post=236823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-ny\/wp-json\/wp\/v2\/tags?post=236823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}