Two Trees’ One Domino Square is competing towards itself.
Simply over six months after setting the record for the priciest condo sold in North Brooklyn on a per-square-foot foundation, the waterfront improvement put one other penthouse into contract that’s on tempo to beat that mark.
Penthouse 3A is below contract for $7 million, in keeping with a spokesperson for the challenge. If the deal closes at that value, its $3,313 per sq. foot would outpace the earlier file by 9 p.c.
Final 12 months, Penthouse 1A set the file for a apartment sale when it closed for $7.5 million, or $3,046 per sq. foot. That deal additionally marked the priciest apartment sponsor sale within the neighborhood.
The brand new file would signify one other win for One Domino in its unofficial battle for the highest with One Williamsburg Wharf, a condo component of Naftali Group’s broader redevelopment alongside the waterfront. The 2 developments, which launched gross sales inside 4 months of one another in 2024 and sit lower than 10 blocks aside, had traded apartment data forwards and backwards over the previous few years.
A penthouse at One Williamsburg Wharf that offered for $7.2 million on the finish of 2024 held the title of priciest sponsor sale within the space for about six months. Earlier than that, a One Domino Sq. that went for $5.8 million had the file.
Gross sales director Aaron Goed beforehand downplayed any competitors between the buildings. “I believe their success helps us, and vice versa, and there’s positively sufficient demand to go round,” Goed informed The Actual Deal in June.
Williamsburg Wharf may have extra cracks on the crown when it launches the challenge’s second section, which incorporates 360 condos throughout two residential towers often called 80 Wharf Approach. That portion is anticipated to be accomplished in 2028. Naftali Group and Len Blavatnik’s Entry Industries landed $525 million in construction loans for the challenge in December.
Each developments have contributed to a surge in residence costs in North Brooklyn and the borough’s new improvement market as an entire. Within the fourth quarter, the median sale value within the space spanning Williamsburg and Greenpoint jumped 20 p.c yearly to a file $1.65 million, in keeping with a report from Corcoran.
Spanning over 2,100 sq. ft, Penthouse 3A comes with three bedrooms, three full loos and practically 1,000 sq. ft of rooftop outside house. The turnkey condo got here furnished by Irish design model Orior.
Led by an in-house gross sales workforce, over two-thirds of the 160 models in One Domino Sq.’s apartment portion have offered. The event additionally features a 399-unit rental portion and is a part of Two Timber’ bigger improvement website that features and surrounds the outdated Domino Sugar refinery.
Learn extra
One Domino’s $7.5M penthouse snags Williamsburg new dev record
Two Trees’ One Domino Square snags Williamsburg’s top condo sale this year
Naftali’s waterfront condo snags Williamsburg’s priciest sponsor sale
