Blocks & Lots

News: New York’s First Supertall Tower Outside of Manhattan Rises in Brooklyn (New York Times)

The 1,066-foot Brooklyn Tower is launching sales as the luxury market once again booms, but concerns about supertall tower construction are still fresh in buyers’ minds.

Among the apartments currently listed, the average price per square foot is nearly $2,300, which places it above its closest competitors, according to Marketproof, a real-estate analytics company.

But the apartments will likely sell, said Kael Goodman, the company’s chief executive.

“Big buildings are selling very well right now,” he said, in part because remote work has given an edge to projects with more space and amenities. (And the prices are still a far cry from Manhattan, where some units have sought well over $10,000 a square foot.)


Rendering of the Brooklyn Tower via Binyan