Even after sponsor sales have long dried up, condos at 1 John Street continue to top the Brooklyn market.
The borough’s priciest contract from April 28 to May 4 went to Unit 6B in the 12-story waterfront building, according to Compass’ weekly report. It had a last asking price of $5.65 million, or nearly $2,300 per square foot.
The seller, a former executive at retail companies Kate Spade and Away, bought the 2,500-square-foot pad for $4.6 million in 2016 and put it on the market at the start of this year.
The home, filled with floor-to-ceiling windows and white oak flooring, has three bedrooms, all of which offer northern exposures, and three bathrooms. The primary suite features a dressing area and en-suite bathroom with a free-standing tub, double shower and double vanity.
Sotheby’s International Realty’s Karen Heyman and Michael Cupolo of the Heyman-Cupolo Team had the listing.
Last year, Heyman and Cupolo put another 2,500-square-foot listing on the building’s B-line into contract with an asking price of $5.8 million (it closed at $5.4 million). The pair also have the listing for penthouse E, currently on the market asking $9.2 million, or $2,500 per square foot.
The 42-unit residence, which launched sales in 2016 and sold by 2017, has a doorman and concierge, landscaped roof deck and a gym.
The second most expensive contract went to a condo at 138 Pierrepont Street in Brooklyn Heights.
Unit 5I had a last asking price of $3.99 million, or $1,600 per square foot. The apartment last sold in 2016 for $3.7 million.
The 2,500-square-foot home spans two floors with an additional lofted room of the historic Brooklyn Trust Company Building. Oversized skylights, 10-foot ceilings and nine-foot window casements fill the four-bed, three-bath home in natural light.
The first floor has a great room with an open-concept chef’s kitchen and an adjacent living space that can be used as another bedroom. The second floor has three corner bedrooms.
Barry Rice Architects converted The Brooklyn Trust Building, which was designed in the Italian High Renaissance style, in 2016. The building has 12 residences and includes an owner’s lounge, children’s playroom and rooftop terrace.
Serhant’s Jennifer Lee had the listing.
After posting contract volumes over $90 million for two straight weeks, the Brooklyn luxury market experienced a dramatic slowdown last week. The borough saw 16 total contracts — nine condos, two co-ops and five houses — signed for a total contract volume of $46 million.
In the same week last year, there were 18 contracts signed for $60 million.
Contracts signed this week had a median asking price of $2.5 million, an average price per square foot of $1,420 and spent an average of 52 days on the market.