Posted Sep 1, 2021, 3:46 PM
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NYC/NJ/Miami-Dade
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Join Date: Jul 2013
Location: Riverview Estates Fairway (PA)
Posts: 45,795
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Fortis’ Dumbo condos are priciest homes in Brooklyn
Developer asking $3,746 a foot for penthouse
Quote:
Inch for inch, Fortis Property Group’s new Dumbo condo units are the most expensive dwellings in Brooklyn.
The sail-shaped tower at 30 Front Street, dubbed Olympia Dumbo, will ask upwards of $3,000 per square foot for its two highest units, according to its initial offering plan filed with the state. The 76-unit project’s total sellout is almost $375 million — just under $5 million per pad.
The average asking price of $2,203 per square foot is the highest in the borough, according to an analysis by Marketproof, a real estate analytics company that tracks new development sales in the city.
That’s 7 percent more than the runner-up, Brooklyn Heights’ Quay Tower, where the average is $2,054. The third most expensive is Alloy Development’s 46-unit condo at 168 Plymouth Street in Dumbo at $1,797 a foot.
The premium Fortis is seeking at Olympia is even more pronounced for its two full-floor penthouses. The top unit, penthouse A, is seeking $3,746 per square foot, or $16 million for the four-bedroom pad, whose 4,271 square feet doesn’t include its 498-square-foot terrace.
The larger, five-bedroom Penthouse B, one floor below, is priced at $3,145 per square foot. It also comes with a spacious terrace. The price tag is $15.5 million.
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