One Trees' One Domino Square recently set a new benchmark for residential sales in Williamsburg by selling a duplex penthouse for $7.745 million, breaking the previous sponsorship record. This record-breaking transaction at $3,046 per square foot showcases increasing demand for luxury condominiums in the area, particularly as it marks the first waterfront condo opportunity in over 15 years. The sales data reflects a 43% year-over-year increase in median prices in North Brooklyn, indicating a robust real estate market fueled by desire for high-end amenities.
The back-and-forth between the developments, which are only blocks away from each other, speaks to an ability for developers to push prices in North Brooklyn with highly amenitized offerings.
This was the first opportunity to buy a waterfront condominium in Williamsburg in like 15 years, said Goed of One Domino Square. We assumed there was a lot of pent-up demand.
Collection
[
|
...
]