The Most Expensive Property In Brooklyn, New York

Historic building that once officed staffers working for the New York State Department Labor Department rests the most expensive estate in Brooklyn, NY. A stunning triplex penthouse apartment that overlooks the Brooklyn Bridge and New York Harbour has just been listed for $25 million USD.

Most Expensive Brooklyn Property Proves Time Is Money 4

Historic building that once officed staffers working for the New York State Department Labor Department rests the most expensive estate in Brooklyn, NY. A stunning triplex penthouse apartment that overlooks the Brooklyn Bridge and New York Harbour has just been listed for $25 million USD. The estate sits atop one of the tallest buildings in Dumbo, the cobblestoned neighborhood that sprang to life in the 80s in a former industrial area between the Brooklyn and Manhattan Bridges.

The triplex penthouse lives behind each of the four, 14-foot functional clocks that give the ClockTower Building its name. The apartment was commissioned by David Walentas, the creator of the Dumbo neighborhood. The building was originally a cardboard box factory, a relic from New York’s industrial past. David Walentas renamed the factory the ClockTower Building and converted it first into offices for the New York State Labor Department, and then into 124 condominiums in 1998.

The highest sale price on record for a home in Brooklyn is the $11 million sale of a house in 2006 in Gravesend. The highest price paid for a condominium is the $7 million sale of a 14th-floor apartment at the ClockTower building last year. The 6,300 square-foot condo is on sale for $25 million. This price making the penthouse the most expensive real estate buy in Brooklyn. One thing: the buyer of the apartment need not worry about the nightmare of having four giant clocks each showing a different time. The four clocks are electronically synchronized to show exactly the same time. [via NYTimes]

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