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Pay day at ‘Quay’: $20M sale in the works at Bridge Park tower poised to set record in boro

Unobstructed: A view from an under-construction room on the 11th floor of Quay Tower, where a buyer is in contract to shell out a record $20 million for two penthouse units.
Brooklyn Paper
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Talk about parking your cash!

A buyer is in contract to purchase a penthouse inside the luxury condo tower going up at Pier 6 in Brooklyn Bridge Park for more than $20 million — which would be the highest price ever paid for a piece of Kings County residential real estate — according to a building rep.

The deep-pocketed individual, whom the rep described as a city resident who works in finance, is shelling out the record sum for two units atop the 28-story, riverfront high-rise that will be combined into one five-bedroom residence accessible by two elevators once the deal goes through.

But the ink isn’t dry yet, and the rep declined to comment on whether the buyer is aware of the city’s proposal to turn the nearby Brooklyn Heights Promenade into a speedway for cars and trucks for as many as six years while it fixes the Brooklyn–Queens Expressway’s crumbling triple cantilever, or if he or she knows that some locals and pols are pushing to send the traffic even closer to the park by potentially paving over the grassy berms recently built along its Furman Street border.

If sold at $20 million, the deal would smash the borough’s current most-expensive home sale, which was set in 2015 when a buyer paid $15.5 million to snag the townhouse at 177 Pacific St. in Cobble Hill, records show.

And the in-the-works sale at developers Oliver’s Realty Group and RAL Development Services’s so-called Quay Tower would also surpass the $16.645 million that actor Matt Damon reportedly shelled out last year for another Brooklyn Heights penthouse atop The Standish, a tony hotel-turned-condo complex on Columbia Heights.

Buyers started lining up to purchase the 126 condos inside Quay Tower — which also include two-bedrooms that start at $1.9 million, and five-bedrooms that start at $5.5 million, among others — in June, roughly a year before its developers hope to welcome the high-rise’s first tenants. The building’s rep declined to comment on the total number of units sold, and the number of dollars sales have raked in.

And the builders plan to reveal designs for the neighboring 15-story, 140-unit rental complex they’re building at Pier 6, which will include 100 below-market-rate units, this fall.

— with Julianne Cuba

Reach Deputy Editor Anthony Rotunno at (718) 260–8303 or by e-mail at arotunno@cnglocal.com.
Updated 3:33 pm, October 10, 2018
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Reasonable discourse

Charles from Bklyn says:
Profit from the transfer of public assets to richer people. Shame.
Oct. 11, 7:38 am
chris frank from DUMBO says:
thankful we can build the BQE onto the promenade instead of using this land for construction! the park management sells public land for big bucks and then expects everyone else to just suck it up and oh please can we have a donation because we don't have enough $$ to operate the park... /s
Oct. 11, 9:48 am

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