Yoga studios, private parks, multi-level fitness centers: Developers behind last year’s 10 priciest Brooklyn condo filings are leaning into health-conscious amenities in the battle for buyers.
In an effort to inspire visions of a lifestyle, rather than just a place to live, marketing materials for 98 Front in Dumbo claim spaces inside the property are “designed to practice self-care.” At 85 Jay Street, another Front Street project a few blocks away, a sprawling private park is advertised as “Over 25,000 Square Feet Of Magical Moments.”
With a valued sellout on acceptance more than $500 million higher than the second-placed filing, Front and York easily leads the top-10 list. The total sellout value of all the featured properties is slightly more than $2 billion — 14 percent lower than the total of last year’s list.
Condo developers clearly don’t see Dumbo’s popularity waning anytime soon: Three of the borough’s top five developments this year are in the formerly industrial area. Most are new construction. The third-place project is a former nursing home across from Prospect Park, and the 10th-place project, Barry Leon’s 475 Washington Avenue, is also a conversion.
10 Priciest Brooklyn Condo Filings Accepted in 2019
|1||85 Jay Street||CIM Group; LIVWRK||$833M||408.00|
|2||98 Front Street||Hope Street Capital||$270M||165.00|
|3||1 Prospect Park West||Sugar Hill Capital Partners||$199M||55.00|
|4||111 Montgomery Street||CIM Group; LIVWRK||$153M||163.00|
|5||168 Plymouth Street||Alloy Development||$132M||46.00|
|6||336 and 354 Hicks Street||Fortis Property Group||$113M||48.00|
|7||575 4th Avenue||Daten Group||$108M||70.00|
|8||70 Schermerhorn Street||Orange Management; Lonicera Partners||$92.8M||59.00|
|9||5521 8th Avenue||Golden Eighth Avenue Realty Corp.||$76.2M||41.00|
|10||475 Washington Avenue||Barry Leon||$71.6M||60.00|
Most Active Brooklyn Developers in 2019
|Rank||developer||sq. ft.||no. of
|3 (tie)||CIM Group||$916,025||2|
|6||Two Trees Development||807,388||1|
|7||L+M Development Partners||739,728||4|
|10||Fortis Property Group||685,815||6|