06.04.2021

THE NEW YORK TIMES

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12-11-2019

The priciest Brooklyn condo filings of 2019

UPDATE: Tuesday, Dec. 11, 2019, 12:38 p.m: Yoga studios, private parks, multi-level fitness centers: Developers behind this year’s 10 priciest Brooklyn condo filings are leaning into health-conscious amenities in the battle for buyers.
In an effort to inspire visions of a lifestyle, rather than just a place to live, marketing materials for 98 Front in Dumbo claim spaces inside the property are “designed to practice self-care.” At another Front Street project, three blocks away at York Street, a sprawling private park is advertised as “over 25,000 Square Feet Of Magical Moments.”
With a valued sellout on acceptance more than $500 million higher than the second-placed filing, Front and York easily leads the top-10 list. The total sellout value of all the featured properties is slightly more than $2 billion — 14 percent lower than the total of last year’s list.
Condo developers clearly don’t see Dumbo’s popularity waning any time soon: Three of the borough’s top five developments this year are in the formerly industrial area. Most are new construction. The third-place project is a former nursing home across from Prospect Park and the 10th-place project, Barry Leon’s 475 Washington Avenue, is also a conversion.
2. 98 Front Street Condominium, Hope Street Capital | $270 million A distant second on the 2019 list, this project has just over half the sellout price of last year’s No. 2 finisher, a two-tower development looking over Brooklyn Bridge Park.
The 10-story development at 98 Front Street was designed by ODA and features 165 units, an indoor saltwater pool and a 7,000-square-foot rooftop deck. Occupancy is expected in spring 2020.