Sales launch for Red Hook condo conversion at 160 Imlay

One-bedroom penthouse asking $3.86M is neighborhood's priciest residential listing

Renderings of 160 Imlay Street in Red Hook
Renderings of 160 Imlay Street in Red Hook

Sales have launched for a Red Hook condominium conversion at 160 Imlay Street. One of the units – a 3,429-square-foot loft with one bedroom – hit the market for $3.86 million, making it the priciest residential listing in the Brooklyn neighborhood.

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Of the 70 units planned, 10 are now listed. Prices for those range from $973,000 up to $3.86 million for the penthouse unit. Douglas Elliman is handling sales.

Los Angeles-based developer Est4te Four paid $25 million for the former New York Dock property in 2012. AA Studio is handling design on the six-story building, which is expected to open by 2016. The developer obtained $50 million in financing, as The Real Deal reported. [DNAinfo] and [Brownstoner]Mark Maurer