Image credit: March
Asking $19.5 million, this just-listed penthouse at new condo tower Olympia Dumbo is currently Brooklyn’s most expensive listing. If the five-bedroom condo at 30 Front Street fetches the asking price, it will be among the borough’s most expensive sales ever. The record for Brooklyn’s priciest property sale currently belongs to the Brooklyn Heights townhouse at 8 Montague Terrace which sold for $25.5 million last year, followed by a $20.3 million Quay Tower penthouse on the Brooklyn Heights waterfront. The new listing also brings the big-ticket crown to Dumbo.
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After New York City’s construction and real estate industries ground to a halt last year because of the pandemic, 2021 saw a flurry of activity, thanks to the arrival of the coronavirus vaccine and federal funding for states and cities. This year, we saw positive signs that the road to recovery for New York real estate has started. More apartments sold in Manhattan in the third quarter of 2021 than at any point during the last 30 years. Brooklyn gained its first supertall. The priciest private development ever built in the Bronx opened. Records were broken, set, and broken again.
As the city adapts to a new normal, so do residential projects. Amenities now focus on health and wellness, like stunning sky-high pools, curated fitness centers, and landscaped outdoor space. With work-from-home culture likely not going anywhere, developers offer designer-crafted co-working spaces, libraries, and lounges.
Our picks are down to 16 of the most notable residential projects this year. Which do you think deserves 6sqft’s title of 2021 Building of the Year? Polls for our seventh annual competition will remain open through midnight on Sunday, December 26. A winner will be announced on Monday, December 27. Happy voting!
Renderings courtesy of Marchmade
The curvy, twisting tower rising in Dumbo launched sales this week, with condos starting at $1.75 million. Developed by Fortis Property Group and designed by Hill West Architects, Olympia Dumbo contains 76 residences ranging from one- to five-bedroom apartments. According to a spokesperson for the project, the building’s top-floor penthouses, which will list for $16 million and $15.5 million, could become the neighborhood’s most expensive condos ever sold if they sell at the asking prices.
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