Industrial-chic apartment in one of Brooklyn’s hippest neighborhoods sells for $5.33 million
A loft-style apartment in a historic waterfront building in Brooklyn’s Williamsburg neighborhood sold for $5.33 million, setting a unit price record for the area.
Located in Le Moulin, a century-old industrial building converted into a condo in 2008, the apartment covers nearly 2,200 square feet. The selling price per unit, averaging $2,490 per square foot, was the highest for the tony Williamsburg, according to listing agent Wesley Stanton of Douglas Elliman.
“It’s in a great location and the unit has large rooms, high ceilings, wooden beams and columns, exposed brick and floors that are over 100 years old,” Stanton said. “It’s just a one-of-a-kind property that appeals to people looking for the authentic loft aesthetic.”
DEPENTA: Recovery of the Paul Allen collection $1.5 billion at Christie’s
Mr. Stanton, along with his colleagues, Jordan Hoch, Catherine Slotnick and Douglas Elliman’s Alejandra Cata Posas, listed the apartment for $5.995 million in mid-October with a signed contract. The sale closed Wednesday afternoon for $5.33 million.
The transaction has yet to appear in the public property records.
The private seller assembled the apartment and roof terrace through separate agreements and refurbished it with the help of architect Thomas Jensen, combining authentic old-world details with design and practicality modern, Mr. Stanton said.
The home features two bedrooms, two and a half bathrooms, a loft-style entertainment area, home office, and open kitchen. There’s a private 1,600-square-foot landscaped rooftop terrace with an outdoor kitchen, sundeck, and hot tub, according to the listing.
The apartment is equipped with smart home technology, including a five-zone Sonos stereo system with in-ceiling speakers, central HVA, and Lutron lighting system. It also offers views of the Williamsburg Bridge, the East River and the Manhattan skyline, according to the listing.
Building amenities include a full-time doorman, communal roof terrace, on-site garage, storage and bike storage, with the ground floor housing retail stores, yoga and lounge studios .
Brooklyn’s luxury residential market has performed well over the past two years, with the average sale price rising 9.7% year-over-year in the third quarter to a record high of 3.46 million, according to a report by Douglas Elliman in October.