We know 330 Jay Street as purgatory the place where we were recently really happy to serve on jury duty. The city, however, thinks of 330 Jay as a building that’s worthy of a $499,401,179 investment. That’s how much it recently paid to buy the condominium portion of the skyscraper (28 of its 33 stories, or 830,879 square feet). The building, completed in 2005, was a public-private development with Forest City Ratner, which retains control of its top five floors. The condo portion of 330 Jay contains its courthouses and was more or less already controlled by the city (via a city-generated nonprofit called Jay Street Development Corp), but not owned outright. The skyscraper cost $670 million to build. Our question: Is this the most valuable high-rise in Brooklyn? Gotta at least be in the running.
Photo by Property Shark.