Brooklyn’s Luxury Home Market Livens Up

Brooklyn’s luxury market kicked off November with a bang.

Buyers in the borough signed contracts for 21 homes asking $2 million or more, according to Compass’ weekly report. The total — up from 18 in the previous period — cracked 20 for the first time since early July.

The most expensive home to find a buyer was 96 Fort Greene Place, with an asking price of $5.5 million. The townhouse, built in 1852, spans 3,600 square feet and has five bedrooms and five bathrooms.

The four-story home also features herringbone wood flooring, original working fireplaces, patio and turf yard.

Compass’ Toni Nicolo had the listing.

The second priciest property to enter contract was Unit 19A at 50 Bridge Park Drive, with an asking price of $5.3 million. The Quay Tower condo unit spans 2,500 square feet and has four bedrooms and three bathrooms.

It also has private elevator access, floor-to-ceiling windows and a “chef-inspired” kitchen. Amenities at the 126-unit building in Brooklyn Heights include a rooftop lounge, fitness center, children’s center and 24-hour concierge service.

Serhant’s Jim Hayes had the listing.

Quay Tower is no stranger to hefty price tags. Penthouses at the building scored the borough’s priciest deals of 2020 and 2021, selling for $20.3 million and $10.7 million, respectively.

The tower also topped Brooklyn’s luxury market one week in late February when a four-bedroom penthouse asking $10 million went into contract.

Of the 21 luxury contracts signed last week, seven were for condos, 13 were for townhouses and one was for a co-op.

The average asking price was $3.4 million with a price per square foot of $1,352. On average, the homes spent 130 days on the market and were priced at 2 percent less than their original listing price.