The Real Deal New York

Ranking Brooklyn’s priciest condo developments

Borough’s new condos hit $2,500 per square foot marker

June 04, 2015 12:40PM
By Tess Hofmann

Prices per square foot in Brooklyn

Prices per square foot in Brooklyn

From the June issue: Brooklyn developers are increasingly smashing through a price threshold previously seen only in Manhattan: $2,000 per square foot. 

The trend reflects a unique confluence of market realities, namely the borough’s booming popularity and the move toward developments aimed only at the über-wealthy across the East River in Manhattan. Those price increases are being egged on by the fact that Brooklyn builders are able to offer more impressive amenities, higher-end finishes and top-notch views at prices that rival far more ordinary options on the other side of the Brooklyn Bridge. [more]