Brooklyn Bridge Park condos selling at record prices

More than 40 condos entered into contract in 10-week span

Rendering of Pierhouse at Brooklyn Bridge Park
Rendering of Pierhouse at Brooklyn Bridge Park

Over 40 condominiums at Pierhouse at Brooklyn Bridge Park have entered contract in a span of 10 weeks, as the average per-square-foot price of $1,800 there set a record for the borough.

The prices are 25 percent higher than the projections of developer Toll Brothers in the fall. The 85-acre waterfront park project, which is currently under construction, is set to hold a total of 108 condos. Prices have been increased six times since sales launched in February.

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David Von Spreckelsen of Toll Brothers City Living Division Told The Wall Street Journal that roughly half the buyers already resided in the neighborhood. [WSJ]Mark Maurer