The Brooklyn Tower in New York launched for sale in Singapore

SINGAPORE (EDGEPROP) - Condominium residences at The Brooklyn Tower, a mixed-use skyscraper located in New York’s Brooklyn area, has been launched for sale in Singapore. Knight Frank, in collaboration with American real estate company Douglas Elliman, is the marketing and sales agent for the project.

The project spans a height of 305m, making it the tallest condominium tower in Brooklyn, New York’s third-largest CBD. The Brooklyn Tower will include over 100,000 sq ft of retail at its base including the Dime Savings Bank of Brooklyn, one of the borough’s most prominent landmarked buildings. The 115-year-old structure has been restored and integrated with the tower through a new retail entrance.

The tower consists of retail and amenities on the lower floors, and condominium residences start from the 53rd floor overlooking Manhattan, Brooklyn, New York harbour and the East River. Prices will start from US$875,000 ($1.19 million) for a studio apartment, ranging up to US$8 million for a four bedroom unit. In addition, a limited number of penthouses will also be released later this year.

The residence interior is conceptualised by interior design firm Gachot Studios, featuring warm finishings in rich mahogany and antique rubbed bronze, as well as floor-to-ceiling windows to optimise skyline views. The tower will also have over 120,000 sq ft of indoor and outdoor amenities, including a 75-foot (22.8m) adult lap pool, kids’ pool and whirlpool, a double-height poolside lounge and cocktail bar, a health club, co-working spaces and living-room lounge.

Michael Stern, founder and CEO of JDS Development group, the project’s developer, says: “The Brooklyn Tower is a symbol of Brooklyn’s unceasing drive and ambition, elevating its skyline and architecture to new heights.”

Georgina Atkinson, head of US sales at Knight Frank Asia-Pacific, expects the new development to be a “game changer” for Brooklyn. Given its location adjacent to a key transport hub and its proximity to several institutions of higher education, he anticipates demand from families intending to send their children to study in the city.

The Brooklyn property market retains its attractiveness to owner-occupiers and investors in the post-pandemic world as many return to the city, he adds. Median prices increased by 7.5% in 2021 across all property types in the area, with transactions up 19.4% in 4Q2021 compared to 4Q2020.

Nicholas Keong, head of private office, Knight Frank Singapore, says he anticipates strong demand from domestic and international buyers for residences at The Brooklyn Tower, with strong sales from the outset.