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Welcome to Brick Underground’s luxury pick of the week, a feature spotlighting a condo, co-op, or townhouse for sale with an asking price of at least $4,300,000, the current entry threshold for luxury apartments in Manhattan. If you’re in the market for a high-end abode, you should know that while sales have slowed considerably over the past couple of years, that trend is starting to reverse as sellers come to grips with the new market reality and adjust their prices accordingly. It's good news for your wallet—just be aware that many luxe listings won’t linger on the market indefinitely. For more information, check out Brick Underground’s tips on buying a luxury apartment in NYC.
This full-floor condo, 210 Pacific St., #PH in Cobble Hill, Brooklyn, is new to the market as of two weeks ago. The five-bedroom, three-bath penthouse is sprawling, with 2,777 square feet and three terraces that have views of the Manhattan skyline and the Statue of Liberty. The apartment is asking $5,995,000.
That’s an 8.4 percent increase over the previous sale—it sold for $5,530,000 in 2015, according to StreetEasy. (The building went up in 2016, so it appears to have sold in pre-sales.)
According to the broker, the owners spent $500,000 on extensive upgrades overseen by IMG Interior Design, including automated shades, a custom sliding door with a decorative grill in the foyer for enhanced security, a Sonos sound system, and built-in closets. The outdoor spaces got a big makeover, with a teak day bed and outdoor seating area, and a rooftop privacy fence.
The condo faces competition from luxury inventory piling up in Brooklyn. Although luxury sales over $4 million in Brooklyn saw a burst of activity in the second quarter, thanks to the revamped mansion tax that kicked in on July 1—the loss of this incentive means luxury sales likely to revert to being sluggish again.
The apartment has massive triple-glazed windows and four exposures. It has direct elevator access, deeded parking and storage, which come with the apartment.
The apartment also has high ceilings, cove lighting, and hardwood floors.
The kitchen features a large island, white oak cabinets, marble countertops, and honed statuary marble backsplash. There are Miele and Sub-Zero stainless steel appliances.
Sliding glass doors off the living room lead out to a northern terrace.
The master bedroom has its own private southern terrace and marble-clad bath with a soaking tub.
There are three additional bedrooms, a corner bedroom/den, and second full marble bath with Ann Sacks glass floor tiling.
On the planted rooftop terrace is built-in seating, an outdoor kitchen with a Wolf grill, Sub-Zero burner, Sub-Zero refrigerator and ice-maker, built-in cooler and warming drawer, as well as an outdoor windowed shower.
The boutique condo has parking with electric car-charging, a fitness room, playroom, and recreation area. The building has passive house technology and solar-heated water to reduce energy, allowing it to meet the 2050 NYC energy goals for housing.
Neighborhood destinations include Trader Joe's, Sahadi's, New York Sports Club, Regal UA Court, and Cobble Hill Cinemas, and more shopping, bars, and restaurants on Atlantic Avenue, Court, and Smith streets.
The building is a few blocks away from the 4 and 5 trains at Borough Hall, and the F and G trains at Bergen Street.
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