Brooklyn’s priciest home sale closes at $20.3M

Deal struck in 2018 for waterfront penthouse completed virtually

TRD New York /
Apr.April 14, 2020 08:57 PM
The Quay

Quay Tower, at 50 Bridge Park Drive

The headline in 2018 said, “Brooklyn could see a new resi record. But a lot can change before the deal closes.”

A lot did change. Yet the deal still closed this month for a cool $20.3 million, public records show.

The record-setting transaction, for a combined penthouse next to Brooklyn Bridge Park, was completed virtually — in adherence with the governor’s stay-home order — while the economy was collapsing under the strain of a global pandemic.

The buyer, a New Yorker who works in finance, combined two penthouses at the Quay Tower to create a seven-bedroom unit spanning some 7,400 square feet. The deal closed for $20.3 million, according to property records — 11 percent off the final asking price of $22.75 million, but 22 percent above the borough’s previous high-water mark.

“Closing on the most expensive residential sale in Brooklyn history at this period in time is a testament to the beautiful, serene homes created at Quay Tower,” Andrew Anderson of Douglas Elliman, who brokered the deal, said in a statement. He declined to comment further.

It is the most expensive home sale in Brooklyn’s history, easily eclipsing the $16.7 million that actor Matt Damon paid for a 6,218-square-foot penthouse at The Standish in 2018. Before then, the record was $15.5 million for a townhouse at 177 Pacific Street in 2015.

Since brokers were prohibited from conducting in-person showings, many have focused on moving existing contracts forward. In the past three weeks, just six new contracts were signed in Manhattan for properties above $4 million, down 90 percent from the same period last year.

Broker Bruce Ehrmann, Andrew Anderson’s partner on the Anderson-Ehrmann team, was behind last week’s priciest Manhattan contract, for a 15th-floor unit at 108 Leonard Street.

Write to Sylvia Varnham O’Regan at [email protected]


Related Articles

arrow_forward_ios
Reclose the economy: Newsom shuts down malls, restaurant dine-in

Reclose the economy: Newsom shuts down malls, restaurant dine-in

Reclose the economy: Newsom shuts down malls, restaurant dine-in
356 Sackett Street (Google Maps, Elliman)

Brooklyn’s back: Luxury contract volume hits four-month high

Brooklyn’s back: Luxury contract volume hits four-month high
(iStock)

Brooklyn and Queens Q2 sales fall at highest rate in decade

Brooklyn and Queens Q2 sales fall at highest rate in decade
443 Greenwich Street and 157 West 57th Street (Wikipedia Commons, StreetEasy)

Manhattan luxury contracts slow as city reopens

Manhattan luxury contracts slow as city reopens
394 Vanderbilt Avenue (Douglas Elliman)

As weather heats up, Brooklyn luxury market doesn’t

As weather heats up, Brooklyn luxury market doesn’t
511 Macon Street and 70 Washington Street in Brooklyn (Courtesy Compass; Streeteasy)

Brooklyn’s luxury market slumped as in-person showings began

Brooklyn’s luxury market slumped as in-person showings began
1 Clinton Street and 374 Clermont Avenue (Courtesy Compass)

No progress for Brooklyn’s moribund luxury market

No progress for Brooklyn’s moribund luxury market
56 Cooper Square and 500 Park Avenue (Google Maps)

Manhattan luxury contracts reach 13-week high

Manhattan luxury contracts reach 13-week high
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...