$8.3M condo shatters Williamsburg sales record

Northside Piers unit eclipses $6.6M deal as neighborhood’s most expensive

New York /
Sep.September 15, 2021 12:37 PM
The $8.31 million Northside Piers unit (Photos by Allyson Lubow)

The $8.31 million Northside Piers unit (Photos by Allyson Lubow)

With the ink dry on the deed, an apartment in Williamsburg has broken the Brooklyn neighborhood’s record for the biggest condo deal.

The $8.31 million sale at 2 Northside Piers closed Tuesday afternoon.

Compass’s Ralph Modica represented the seller, developer Craig Rosenman of the Daten Group. The unit was Rosenman’s home, but the condo tower was not his project.

The buyers were represented by Corcoran’s Thea Zagata, who declined to identify them.

Brooklyn Heights has seen pricier apartment sales, but the Northside Piers transaction crushed the high-water mark for Williamsburg. The record, according to Miller Samuel, had been held by a penthouse at 429 Kent Avenue that sold for $6.6 million in 2016.

“Northern Brooklyn is seeing a sales surge, as are other popular Brooklyn neighborhoods,” Modica said. “However, these higher-priced units are harder to move — even in this market — so we’re happy this went rather quickly.”

It sure did: The unit sold in 51 days.

Rosenman and his wife purchased a combined sponsored unit on the 20th floor from Toll Brothers City Living for $2.7 million in 2011. Four years later, they purchased a unit above it for $2.4 million from City Sightseeing Worldwide CEO Enrique Ybarra, and combined the three units to create a super-condo — complete with a spiral staircase.

The 4,522-square-foot apartment was asking $8.25 million when it went into contract. Though it technically sold above ask, it included a big perk thrown in by the sellers: an 822-square-foot roof cabana on the 32nd floor that was originally listed separately.

Like the condo, the cabana had also been combined, with Rosenman purchasing one for $225,000 in 2011 and another the following year for $101,400.

The sprawling apartment has five bedrooms, five bathrooms, two half bathrooms and 1,104 square feet of outdoor space across three balconies. Cortina & Käll designed the unit.

Notables who have lived in the building include Cristinia Ricci and DJ A-Trak, Modica said.





    Related Articles

    arrow_forward_ios
    Rubenstein Partners' David Rubenstein and 25 Kent Avenue in Williamsburg (Getty Images, Twenty Five Kent, Rubenstein Partners)
    Rubenstein rolls co-working company into 25 Kent
    Rubenstein rolls co-working company into 25 Kent
    Regal Ventures’ Alexander Smith with 301 West 53rd Street (LinkedIn, Fifty Third and Eighth, Getty)
    Regal Ventures picks up Midtown retail condo in strong week of i-sales
    Regal Ventures picks up Midtown retail condo in strong week of i-sales
    26 Verandah Place and 30 Front Street in Brooklyn (StreetEasy, Getty)
    Brooklyn luxury contracts end September on a low note
    Brooklyn luxury contracts end September on a low note
    From top left: Daniel Moore, Kenneth Bernstein, Andrew Chung, and Marian Klein with  16 Dupont Street,  23-30 Borden Avenue, and Downtown Brooklyn’s City Point (LinkedIn, Getty, City Realty, Green Pearl, KSS Architects, Williams New York)
    Outer boroughs rival Manhattan for big real estate loans
    Outer boroughs rival Manhattan for big real estate loans
    A photo illustration depicting the massive changes at 2797 Atlantic Avenue (Google Maps, Getty Images)
    Church plans 343 apartments in East New York
    Church plans 343 apartments in East New York
    Tankhouse’s Sam Alison-Mayne with 452 Union Street (Facades Plus, Google Maps, Getty)
    Multifamily deals dominate strong week of NYC i-sales
    Multifamily deals dominate strong week of NYC i-sales
    From left: Arch Companies' Jeff Simpson and Hello Living's Eli Karp along with a rendering of 1580 Nostrand Avenue (Getty Images, Arch Companies, Hello Living)
    Eli Karp’s Hello Living says goodbye to Flatbush project
    Eli Karp’s Hello Living says goodbye to Flatbush project
    Clarion Partners CEO David Gilbert along with 44 Berry Street (left) and 139 N 10th St (right) in Williamsburg (Getty Images, Clarion Partners, Google Maps)
    Clarion eyes $70M for Williamsburg loft apartments
    Clarion eyes $70M for Williamsburg loft apartments
    arrow_forward_ios

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

    Loading...