BY DOYLE MURPHY
An $18 million triplex penthouse for sale in the Clock Tower Building in DUMBO is part of the increasingly expensive condo offerings in Brownstone Brooklyn and the trendy neighborhoods of Williamsburg and Greenpoint.
Move to Brooklyn — and bring your checkbook.
The average cost of condos in the borough’s most popular neighborhoods has topped $1 million for the first time, a new report shows.
Sales prices for the second quarter crested that watermark as the supply for townhouses runs low, forcing homebuyers to dig even deeper into their deep pockets for an alternative.
“I wish we all had crystal balls to see what happens next,” said Aleksandra Scepanovic, managing director of Ideal Properties Group, the brokerage firm responsible for the analysis.
The report tracks sales over the past three months in Brownstone Brooklyn and the red-hot neighborhoods of Williamsburg and Greenpoint, increasingly home to the city’s tastemakers.
Buyers in the two trendy nabes were willing to pay, on average, more than $1,000 a square foot to live along the treelined streets or in repurposed warehouses. That’s a steal compared with the luxury listings popping up in the borough.
A stunning, six-bedroom penthouse at 360 Furman St. overlooking Brooklyn Bridge Park is being marketed by Sotheby’s for an asking price of
$32 million. The amenities include a movie theater, a wine cellar and a master bath the size of a studio apartment.
Too much? The second most expensive condo is a 7,000 square-foot triplex in DUMBO’s iconic Clock Tower Building listed at $18 million.
Traditionally, townhouses had been king in neighborhoods like Park Slope, Cobble Hill and Brooklyn Heights, but there just aren’t enough of them to keep up with demand, Scepanovic said.
The same is increasingly true of condos as some buyers switch gears. Open houses routinely draw 100 people or more, and overall prices jumped 27.5% during the past 12 months, according to the report.
“We’ve got condos that we’re selling for $300,000 and condos we’re selling for $10 million,” Scepanovic said.
“The question is, where is that middle ground?”