Brooklyn Heights waterfront market heats up

TRD New York /
Mar.March 29, 2013 02:30 PM

Despite the still coldish weather, the Brooklyn Heights waterfront real estate market is getting hot, the New York Daily News reported. For example, a unit at One Brooklyn Bridge Park – a former Jehovah’s Witness printing plant that is now a 449-unit luxury condominium property – could set a sale record for the borough.

An unnamed house hunter is eyeing a penthouse combination at the building, MNS CEO Andrew Barrocas told the Daily News, which could set a record for a Brooklyn condo if it trades for the expected $9 million contract price.

In addition, real estate investor Andrew Borrok is reportedly close to closing on a unit with a $4.25 million asking price.

The building itself boasts luxe features, including golf simulators, a fitness center, a yoga studio and a screening room.

But Barrocas added that it’s not just the Brooklyn Heights waterfront submarket seeing good business, it’s also the top end of the whole Brooklyn market. Take, for example, Boerum Hill townhouses that have lately been commanding high prices.

In addition, closer to the waterfront, the revamped Brooklyn Bridge Park has provided a boost to Brooklyn Heights and Dumbo, as previously reported. Units at Toll Brothers’ 205 Water Street traded at $875 per square foot. [NYDN]Zachary Kussin


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