What a difference a year makes for the Brooklyn luxury market.
The borough saw 19 total contracts signed for properties asking $2 million or more, up from 12 in the same period last year, according to Compass’ weekly report. The median asking price also rose to $3 million, compared to $2.3 million a year ago.
The spikes in activity and asking price translated to a total volume of $57.8 million between July 15 and 21, up roughly 75 percent year-over-year. The average days units spent on the market fell from last year, from 166 to 113.
The most expensive contract from last week went to a unit in Hudson Companies’ 1 Clinton Street, a perennial resident on the list of top signed deals in Brooklyn’s luxury sector.
The unit, which had a last asking price of $5 million, has been one of a “handful” of resales in the building, according to Compass’ Cornelia Van Amburg, who had the listing. Originally purchased in 2021 for $4.8 million, Van Amburg said the sellers had since “completely customized” the unit.
The 2,563-square-foot unit is notably more rustic than other apartments in the building, as the owners added details like custom oak wood paneling from The Hudson Company to walls in the living room. The home has four beds and three full baths, including a primary bath overlooking the city.
The 38-story condominium, which replaced a branch of the Brooklyn Public Library at Cadman Plaza Park, began sales in 2019. The building has a 2,000-square-foot fitness center with a sauna, hot tub and yoga room, as well as a 3,500-square-foot terrace.
The second most expensive contract signed in Brooklyn last week went to 223 Garfield Place in Park Slope.
Built in 1890, the four-bedroom, three-bathroom townhouse last asked $3.9 million. The four-story property has pairs of bedrooms on the top two floors, and the garden level features a library and eat-in kitchen that opens up into a back patio.
The house sits two blocks away from Prospect Park, between Seventh and Eighth avenues.
Corcoran’s Dwayne Powell, Cathleen Oscar, Sandra Smith-Davis and Linda Peng had the listing.
Of the 19 signed contracts, 13 were for condos and 6 houses. Last week saw 24 inked deals across 10 condos, two co-ops, and 12 houses.
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