Sorry, Brooklyn Heights Did Not Set a Property Value Record

By on April 17, 2020 10:23 pm in 11201, brooklyn bridge park, Brooklyn Heights, Real Estate

There’s been a lot of excitement in various forums since Curbed reported that a “Brooklyn Heights penthouse” sold for $20 million, a record for any residential property in the Borough of Brooklyn. Oddly, the New York Post story Curbed cites gives the correct location of the penthouse: Brooklyn Bridge Park. The Penthouse sits atop Quay Tower, seen in your correspondent’s photo, taken from the Promenade, looming over One Brooklyn Bridge Park. It’s what’s just below that brownish structure enclosing the building’s mechanicals. To be fair, the penthouse is higher than Brooklyn Heights, but only because it’s on top of a high rise building built on a littoral plain.

Perhaps, though, we should be grateful that this geographical misattribution might boost property values in the Heights.

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  • CassieVonMontague

    Claude with the Hot Take!™

  • Jorale-man

    Well, not to be a downer but I suspect all of our property values are going to head south once a recession really kicks in. Will be interesting to see how easily they can sell apartments in these new buildings.

  • Reggie

    Well, what neighborhood would you say this building, 1BBP and the Pierhouse are located in? Or are they not in a neighborhood, but only on the edge of one? Brooklyn Bridge Park is not a neighborhood.

  • CassieVonMontague

    I think we need a name for this new neighborhood. I suggest DILP (Down In the Littoral Plain).

  • http://selfabsorbedboomer.blogspot.com/ Claude Scales

    Brooklyn Bridge Park has become a neighborhood because of the requirement that the Park’s maintenance be self sustaining by allowing residential development within the Park’s boundaries.

  • Andrew Porter

    Lots of places claim to be in the Heights, all because real estate brokers want to charge more. A prime example is one of several developments on Schermerhorn Street west of Court, definitely outside BH. See:

    https://newyorkyimby.com/category/70-schermerhorn-street

  • Banet

    I consider the various residential buildings (south of the Brooklyn Bridge) in the park as part of Brooklyn Heights. I do so because the residents are a part of the fabric of our community.

    They shopping in Brooklyn Heights grocery stores. They go to Brooklyn Heights dry cleaners. They send children to PS 8. In my book, that makes them part of the Heights. (if they were clearly in another neighborhood, the way the new residential development on the hospital site is clearly in Cobble Hill, then I would feel otherwise. But without us, they’re homeless, so to speak.)

  • KXrVrii1

    I wonder how the high end condos will try to cater to the rich and paranoid. All staff in PPE, dedicated UV sterilization rooms so the staff can clean all deliveries before they are passed on to to the tenants. And sort of hearking back to the butlers or yore, instead of removing your jacket the doorman can spray you down with disenfectant before escorting you to a single use elevator that also has UV sterilization. And, ideally, on premise underground parking, for when you really need the safety of the Hamptons…

  • Reggie

    Another good example of a place where people live but isn’t really in a neighborhood. Downtown Brooklyn is probably the best fit but those buildings are in neither Boerum Hill nor Brooklyn Heights. As you point out, the last provides the highest cachet.

  • Roy Sloane

    Atlantic Ferry Landing might be a better, more accurate name for the new residential high rise neighborhood.

  • fultonferryres

    And the Panorama marketing team thinks they are in Dumbo.