The Real Deal New York

Alloy asks $2,400 psf for One John St. penthouse

$9M Dumbo pad boasts 27 windows

February 24, 2015 12:00PM
By Claire Moses

Renderings of One John Street in Dumbo

Renderings of One John Street in Dumbo

Alloy Development is listing its biggest penthouse at One John Street in Dumbo today for $8.8 million, or about $2,400 per square foot. 

Rendering of penthouse E at One John Street in Dumbo

Rendering of penthouse E at One John Street in Dumbo

The penthouse is one of the most expensive condo units in Brooklyn to date, according to Jonathan Miller of appraisal firm Miller Samuel. It spans more than 3,600 square feet and boasts 27 windows. AJ Pires, a partner at Alloy, called the unit “fairly dramatic.” While Brooklyn townhouses have sold in that price range — at least 17 in the last decade — no single condominium units seem to have traded for that price yet, Miller said. If sold at the listing price, Miller continued, it’d be the most expensive unit of its kind in the borough, according to his data.

The developer also released a set of new renderings for the pad.

A rendering for penthouse E at One John Street in Dumbo

A rendering for penthouse E at One John Street in Dumbo

At Two Trees Management’s Clock Tower Building at nearby 1 Main Street, the owner of a penthouse unit is asking $18 million. An apartment at Toll Brothers’ Pierhouse is listed for $10.5 million.

Rendering of penthouse E at One John Street in Dumbo

Rendering of penthouse E at One John Street in Dumbo

 

Miller continued that much like Soho and Tribeca in the 1980s — the neighborhoods with the highest average sale prices in Manhattan – Dumbo is full of former manufacturing buildings that are ripe for conversion.

One John Street in Dumbo

One John Street in Dumbo

Sales at the 42-unit building launched in September.

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