[Editor’s note: Although it came close, this sale did not set a record. Please see update at the end of the story.]
A two-bedroom, two-bath apartment in Williamsburg has sold for the eye-popping price of $1,906 per square foot, almost certainly a record for the neighborhood and one of the highest-priced sales in all of Brooklyn. (To put it in perspective, over at the record-setting Pierhouse in Brooklyn Bridge Park in Brooklyn Heights, condos have been selling for an average of $1,800 per square foot, with the biggest penthouse unit going for about $2,236 per square foot, or $11,180,000, The Wall Street Journal reported in May.)
The condo at The Residences at The Williamsburg at 135 North 11th Street, Unit 2G, closed earlier this month for $1,750,000. The apartment was on the market for only 11 days, according to a Douglas Elliman spokeswoman, and closed August 12. It was an all-cash sale.
The apartment is approximately
1,450 918 square feet and has a 535-square-foot landscaped private terrace as well. It’s centrally located on the north side of Williamsburg between Bedford and Berry, close to McCarren Park. Some of the finishes include Brazilian walnut floors, white quartz counters and custom Lineadecor cabinetry in the kitchen, and Carrera marble and marble tile in the baths.
The seller was Douglas Elliman broker Michael Graves, who designed the interiors and marketed the unit. “The details of this sale represent a seismic shift in the value of property and the velocity in which it can be marketed and sold in Brooklyn,” he said in a prepared statement.
135 North 11th Street, #2G Listing [Douglas Elliman]
Photos by Douglas Elliman
Update: This sale is not actually the record holder, but just a few dollars short of it. In April, apartment 8J at 330 Wythe Avenue sold to an LLC in an off-market transaction for $1,951 a square foot, or $5,000,000, as a commenter points out below. The condo measures 2,562 square feet, according to PropertyShark. The seller got quite a return on his investment: He paid $205,000 for the unit in 2005.