Quay Tower Continues to Outperform the Brooklyn Market with over $85 million in sales volume during 2023

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Two notable deals in 2023 were spectacular penthouses asking $9.85 million and $10 million.

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Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Wednesday, January 17, 2024
Information
Tags: 
Commercial Building & Real Estate, Construction & Property, Family, REIT, Consumer, Other Construction & Property, Interior Design, Residential Building & Real Estate, RAL, Privacy, BQE, Collection, Health, Multimedia, Boxing, Partnership, Brooklyn Bridge Park, REAL, SF, Gaggenau, Sale, Penthouse, Transport, Brooklyn Music School, Marketing, BBQ, High-floor
Geotags: 
NEW YORK, UNITED STATES, NORTH AMERICA, ODA, NEW YORK CITY
Organisation: 
RAL COMPANIES
Summary
Key Points: 
  • Two notable deals in 2023 were spectacular penthouses asking $9.85 million and $10 million.
  • Quay Tower is home to a record-breaking $20.3 million Penthouse and continues to break price records in the borough.
  • Located at 50 Bridge Park Drive, Quay Tower is directly on the 85-acre Brooklyn Bridge Park and Pier 6, just steps from the high-speed ferry.
  • The residences at Quay Tower feature cinematic views of New York City and continue to break price records in Brooklyn.


RAL Companies and Oliver’s Realty Group, today announced that Quay Tower, the only waterfront new development in Brooklyn Heights with sponsor units for sale, achieved more than $85 million in sales and pending contracts from 2023. Many of the deals at the striking 30-story ODA New York-designed building, with cinematic views of New York City, were the week’s most expensive sale in Brooklyn when they closed. Two notable deals in 2023 were spectacular penthouses asking $9.85 million and $10 million. Quay Tower is home to a record-breaking $20.3 million Penthouse and continues to break price records in the borough. Known as “America’s original suburb,” Brooklyn Heights is globally sought-after for its tree-lined cobblestone streets, robust lifestyle amenities, top schools, green space and proximity to Manhattan. Located at 50 Bridge Park Drive, Quay Tower is directly on the 85-acre Brooklyn Bridge Park and Pier 6, just steps from the high-speed ferry.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240117744431/en/

Quay Tower is the only waterfront new development in Brooklyn Heights with sponsor units for sale. The residences at Quay Tower feature cinematic views of New York City and continue to break price records in Brooklyn. (Photo: Business Wire)

Quay Tower is the only waterfront new development in Brooklyn Heights with sponsor units for sale. The residences at Quay Tower feature cinematic views of New York City and continue to break price records in Brooklyn. (Photo: Business Wire)

“During a year of a stagnation in the market, Quay Tower continued to consistently outperform and also experienced quite the holiday season uptick,” says Jennifer Alese, Director of SERHANT. New Development which leads marketing and sales at the building. “Quay Tower is the most desirable building in Brooklyn given its exceptional design and finishes, esteemed development team, and the scarcity of waterfront new development. We anticipate strong sales activity in 2024 and limited availability remains for brand new high-floor homes.”

Privacy is paramount at Quay Tower and most high-floor residences share elevator entries with only two other homes. Select west-facing residences also feature the added privacy of direct elevator entries and the utility of additional suburban-style mudrooms and service entrances. California-based modernist AD100 firm Marmol Radziner appointed the stunning interior finishes with custom details throughout. Kitchens feature an integrated Gaggenau appliance package, custom white oak cabinetry, and white Princess Quartzite countertops. Master suites boast oversized bathrooms adorned in Alabastrino Rustico travertine.

Remaining for-sale residences include the final opportunity to own outdoor space at Quay Tower: a Penthouse duplex asking $7,995,000 designed in collaboration with REAL SIMPLE and available fully-furnished. Penthouse 1C is a 2,789 square-foot residence with an outdoor gas fireplace and an outdoor kitchen equipped with a gas line BBQ grill. Owners will enjoy 629 square feet of private outdoor space for entertaining that overlooks New York City. Additional features of the home include an oversized gallery and multiple entertaining spaces, an eat-in kitchen, a full-size vented Whirlpool washer/dryer, pre-wiring for motorized shades, multi-zone heating and cooling, and UV-insulated floor-to-ceiling windows with triple exposures.

Current availability at Quay Tower includes:

Quay Tower's robust amenity collection offers elevated experiences through one-of-a-kind partnerships with Brooklyn institutions. Health and wellness facilities include a 2,500-square-foot state-of-the-art fitness center overlooking the park, with a dedicated boxing space created in partnership with the legendary Gleason's Boxing Gym, known for training celebrated fighters such as Muhammad Ali. Residents have access to classes and private training with world champion boxer and Gleason's trainer Yuri Foreman.

There are two expansive rooftop spaces for dining, entertaining, and lounging that showcase panoramic, front-row views of the Manhattan skyline, downtown Brooklyn, and the New York Harbor. Additional amenities include a children's playroom and music practice room, created and serviced in partnership with Brooklyn Music School. Owners have preferred access to the exclusive Yacht Service at One 15 Brooklyn Marina. Nearby transportation includes the high-speed ferry and immediate access to the BQE.

Immediate closings and occupancy are available at Quay Tower. For more information or to schedule a private viewing appointment, contact SERHANT. at [email protected], or visit www.QuayTowerBK.com.

About RAL

RAL combines a talented, interdisciplinary team to take every project to new levels. Their core management team has spent 20-plus years working together and honing their craft. These years of experience have led to an efficient, streamlined process that allows RAL to lead each project with a detailed eye, a creative edge, and the ability to forge highly effective partnerships.

About OLiVER’s Realty Group

Oliver’s Realty Group is a development, investment and brokerage firm focused on luxury residential real estate in New York, California and abroad. The firm builds on founder and Managing Partner David J. Wine’s three decades of real estate expertise. Mr. Wine has been responsible for some of Manhattan’s most critically acclaimed rental and condominium developments, his unparalleled success guided by business acumen and a personal ethic of integrity and commitment to excellence in every detail.

About SERHANT.

SERHANT. is the first real estate brokerage designed and reimagined for the marketplace of tomorrow. The company is a multidimensional brokerage, made up of SERHANT. Brokerage and New Development, including SERHANT. Signature, SERHANT. Studios and SERHANT. Ventures and powered by proprietary, internally developed technologies and marketing capabilities, ADX and ID Lab. SERHANT. sits at the intersection of technology, media, entertainment and education with a commitment to amplify success for its business, brokers, employees, developers, clients, sellers, global course members and the industry as a whole.

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