Two Trees’ One Domino Square is trying to sweep North Brooklyn’s information books.
In February, Penthouse 3A bought for $7 million, or $3,313 per sq. foot, setting a North Brooklyn worth report on a per sq. foot foundation. That sale surpassed the earlier report set six months prior by penthouse 1A within the constructing, which sold for $7.5 million, or $3,046 per sq. foot.
Now one other rental within the constructing — Penthouse 1B — is on tempo to set the report for priciest sponsor sale within the neighborhood after snagging a contract for $7.75 million, a spokesperson for the challenge confirmed.
If it closes on the worth, the deal would unseat Penthouse 1A because the priciest sponsor sale within the neighborhood. The deal for the two,714-square-foot rental comes out to $2,855 per sq. foot.
The duplex penthouse is the constructing’s largest and most costly, which implies the challenge might want to watch for resales to have an opportunity at cracking the report for priciest rental sale, which was set by three mixed models at 2 Northside Piers that bought for $8.3 million in 2021.
A part of Two Timber’ bigger redevelopment of the world across the outdated Domino Sugar refinery, the rental portion has drawn comparisons to Naftali Group and Entry Industries’ One Williamsburg Wharf, a rental challenge that can be a part of a broader waterfront redevelopment plan.
Each initiatives have bought their models for over $2,000 per sq. foot, on common, however One Domino has numerous penthouses that push previous the priciest choices at One Williamsburg Wharf. Naftali’s challenge will carry roughly 360 extra condos to the market within the coming years as a part of its second part, often called 80 Wharf Approach, which acquired $525 million in construction financing on the finish of final 12 months.
Penthouse 1B has three bedrooms and three bogs. The upper-level main suite has a den and moist bar that speak in confidence to almost 700 sq. toes of outside house. The en-suite rest room has floor-to-ceiling home windows, a glass-enclosed bathe and a freestanding soaking tub.
After launching gross sales in fall 2024, the 160-unit challenge is over 75 p.c bought. An in-house gross sales group led by Aaron Goed introduced in seven signed contracts in Might and has overseen $340 million in gross sales thus far.
Two Timber’ improvement additionally features a fully-leased 399-unit rental tower. The challenge has 5 flooring of facilities together with resident lounges, a non-public eating room and an aquatics heart that has an indoor swimming pool and spa, chilly plunge, scorching tub, steam room, sauna and a heated out of doors pool.
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
One Domino could beat its own Williamsburg condo price record
