Brooke put in Brooklyn
Developers Witkoff and Apollo launched last week at The Brook, a 600-foot-tall luxury high-rise building in Brooklyn’s Alpine Square. The building was designed by Beyer Blinder Belle with the interiors by Bonetti Kozerski.
When complete, the property will feature 591 rental apartments at the intersection of Fulton and Flatbush Streets, as well as 30,000 square feet of indoor and outdoor amenities and approximately the same retail space on the ground floor.
At the opening ceremony, Regina Meyer, president of the Downtown Brooklyn Partnership, said adding The Brook at the neighborhood’s crossroads would be “transformative.”
Real estate in Manhattan
And it wasn’t just the stock market that fell last week: Between June 14 and 19, the luxury real estate market in Manhattan experienced its slowest period since the end of December 2020, according to Olshan Realty’s weekly report.
Only dozens of contracts were signed for apartments over $4 million, less than half the number signed the previous week. This “poor performance” coincided with a 5.8% S&P 500 decline, Donna Olchan, the company’s president, noted.
This week’s hottest deal was a three-bedroom apartment in 15 Central Park West designed by Robert A.M. Stern, which was listed for $26 million. That’s down from $28 million in April and down from $30 million the seller paid in 2014.
The most expensive house in every state
Real estate watchers stay close to the coasts, but what about the more expensive listings in Oregon, Hawaii or Texas?
Real estate analysis firm Point2 has released a report on the most expensive open listings in every state, as of June 16.
Unsurprisingly, California topped the chart with an average $225 million property in Malibu, designed by Robert A.M. Stern, followed by New York, with a $175 million mansion in Southampton, owned by former advertising executive Marsha Rickles. (If the 11-bedroom home came close to asking price, it would be the largest sale ever in the Hamptons.)
In Washington state, a four-building complex—including a main residence designed by Richard Landry—is listed for $85 million, at Tony Hunts Point, outside of Seattle.
And at the bottom of the list was Delaware, where the $4.85 million four-bedroom home in Rehoboth is the most expensive listing in the state. The home, which shares a 4.4-acre plot with a mobile home, and was built in 1993, has been on the market for 99 days.