Property Shark compiled a list of the highest number of apartment units sold in New York during the first three quarters of this year, and four Brooklyn developments topped the list. Crain’s reports that Toren (above) was the top seller in a nine-month period, with 99 units selling for an average of $513,712. One BBP was second in line, selling 88 units at an impressive average price of $1.1 million. Even developments with troubled pasts, like Warehouse 11 and The Forte, were part of the top four. Price cuts were the main reason developments had such large sales number. Toren, for example, expected to bring in $750 per square foot in 2008, now units go for an average of $680 per square foot. Says broker Adam Pacelli about the rapid sell-out at The Forte after some pretty hefty price cuts, “We priced it at where things sold, and it gave a perception of value, and in the end everyone is happy.”
4 Brooklyn Towers Top List of City’s Best Sellers [Crain's]