|While the total number of residential sales in Brooklyn decreased slightly in 2011 (1%) compared to 2010, Brooklyn’s luxury market (residential sales of $1 million and above) registered a four-year record in 2011. There were 742 such transactions in 2011. This figure represents a 35% increase over 2010 (550), while compared to 2007 (775) it was 4% down.|
The $1 million and above condos segment comprised 49% of the total sales and saw the most significant increase in 2011, jumping 62% over 2010, from 225 to 365 transactions.
Brooklyn’s most expensive residential transaction in 2011 involved the 2,914-square-foot single-family residence at 451 Avenue S, which sold in May for $10.25 million. We also identified Brooklyn’s priciest apartment in 2011: a condo penthouse located at 1 Grand Army Plaza #PH15S which sold in February for $3.9M.
Below is the complete list of the top 10 residential deals during 2011. Click on an address for a detailed property report.
|Brooklyn Top 10 Residential Transactions in 2011|
|Address||Sale date||Sale price||Property type|
|451 Avenue S, Brooklyn, NY 11223||5-May-11||$10,250,000||Single-family home|
|420 Avenue S, Brooklyn, NY 11223||5-Apr-11||$6,000,000||Single-family home|
|74 Hicks Street, Brooklyn, NY 11201||4-Oct-11||$6,000,000||Two-family home|
|935 Ocean Pkwy, Brooklyn, NY 11230||20-Sep-11||$6,000,000||Single-family home|
|69 Willow Street, Brooklyn, NY 11201||29-Nov-11||$5,250,000||Single-family home|
|1996 East 5th Street, Brooklyn, NY 11223||11-Jan-11||$5,150,000||Single-family home|
|141 State Street, Brooklyn, NY 11201||12-Jul-11||$4,100,000||Two-family home|
|1 Grand Army Plaza #PH15S, Brooklyn, NY 11238||1-Feb-11||$3,971,175||Condo Unit|
|33 Willow Place, Brooklyn, NY 11201||28-Jun-11||$3,920,000||Single-family home|
|1968 East 2nd Street, Brooklyn, NY 11223||22-Nov-11||$3,850,000||Single-family home|