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Luxury Brooklyn Deals Slow Down | Real Estate News

Luxury Brooklyn Deals Slow Down | Real Estate News

Published 1 week ago
Description

Brooklyn’s luxury real estate market saw sixteen high-end deals totaling forty-nine million this week—slightly slower than last week’s eighteen contracts worth seventy-six million. Homes averaged a $2.8 million asking price and spent 69 days on the market. The top deal? A six-million-dollar Greenpoint townhouse at 96 Franklin St., featuring over 4,000 sq ft, elevator, garage, and rooftop hot tub—sold for full asking price, near a neighborhood record. Second was a Dumbo condo in Front & York for $4.6 million, with terrace and luxe finishes. Developers are sweetening the deal: covering transfer taxes and common charges for years—and even more for units under $2M. With over 80% of the project sold, buyers are getting serious perks, proving that even in elite markets, negotiation still moves the needle.

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