Condos Boost Brooklyn Lux Contracts Out Of Summer Slump

15 September 2025

Brooklyn’s luxury condo market picked up last week.

In total, the borough saw 19 contracts —15 condos and four houses — with a total asking volume of $55 million, according to Compass’ weekly reports for contracts signed on homes asking at least $2 million from Sept. 8 to Sept. 14.

The total was a bump up from a series of slow weeks for the market. The previous week saw 15 contracts —10 condos and five houses — with a total asking volume of $41 million. During the same week last year, just nine luxury contracts were signed in the borough for $27 million.

The top contract last week went to Unit 4F at 1 Grand Army Plaza in Prospect Heights..

The four-bedroom, three-bathroom unit spans 3,200 square feet and came on the market in March, asking $5.75 million, before dropping the price. The seller bought the unit for $2.5 million in 2009, according to public records.

The 34-foot-wide great room opens up onto a balcony overlooking Prospect Park. The primary suite features a walk-in closet and en-suite bathroom with a soaking spa tub, marble-tiled shower and radiant heated flooring.

Sotheby’s International Realty’s Karen Heyman and Alan Heyman had the listing. Compass’ Todd Lewin of the Lewin Rubin team brought the buyer.

The 15-story, 99-unit building designed by Richard Meier has a full-service staff, bike storage and parking. It also comes with a shared roof terrace with an outdoor kitchen and grills, billiards room and residents’ lounge.

The property previously snagged a top contract last year, when Brooks Brothers CEO Ken Ohashi purchased a penthouse unit in the building for $9.45 million.

The second priciest deal last week went to a combined condo unit at 360 Furman Street in Brooklyn Heights asking $4.5 million.

The seller purchased Unit 321 in 2012 for $1.2 million before adding Unit 320 in 2018 for $1.9 million. They listed the combined offering for $4.75 million in April before dropping the price to $4.5 million in July.

The 2,790-square-foot home comes with four bedrooms, three full bathrooms and a private terrace spanning over 900 square feet.

The living space has 13-foot ceilings and hardwood floors, and the eat-in kitchen has floor-to-ceiling custom cabinetry. The four bedrooms, on the north side of the apartment, are separated by a pocket door and each face the terrace.

The primary suite has a walk-in closet and spa bath with a separate soaking tub and shower.

Compass’ Katherine Camp and Eric Schwarzkopf had the listing.

The 12-story building, known as One Brooklyn Bridge Park, was converted from a 1928-built warehouse to condos in 2008. The building comes with a 24-hour doorman, a 3,000-square-foot fitness center, a yoga studio, parking garage, billiards room, golf simulator and movie theater.

Combining units at the building has been a popular undertaking.

In 2022, hedge fund executive Stuart Leaf sold a 5,040-square-foot apartment that combined two duplexes for $7.9 million in the building. Leaf had previously combined three units at One Brooklyn Bridge Park on the 10th, 11th and 12th floors and listed the mega-spread for a record-seeking $32 million in 2015.

In 2022, another seller combined two units, 427 and 428, selling them for $4.1 million.

Homes in the borough entering contract last week had an average price per square foot of $1,614 and a median asking price of $2.7 million.