Today’s news:

Clock tease! DUMBO mogul pitching $25M apartment

The Brooklyn Paper

In the midst of the worst economic downturn since the Great Depression, DUMBO development titan David Walentas has put on the market the borough’s most-expensive apartment.

All it takes is $25 million and a dream (and finding a bank to give you a mortgage).

Then again, what good is a fiscal Depression if you can’t indulge in escapist fantasy? And this 7,000-square-foot penthouse is certainly a pie in the sky: sprawling over three floors, the living space extends outwards to include a wraparound terrace with views of Manhattan so perfect that you might even be willing to spend Manhattan-prices to enjoy them.

It’s “arguably one of the world’s greatest views,” Walentas said.

Four 14-foot clock faces provide the dominant design feature. Natural light pours through them, thanks to the removal of the mechanicals from the original 1914 building, which Walentas bought more than a decade ago and converted to condos in 1998.

With the eight-figure asking price, the Clocktower penthouse drawfs all previous contenders for real-estate excess, including a $6-million apartment with a wraparound terrace in the Williamsburgh Savings Bank building and a $7.25-million apartment in One Brooklyn Bridge Park.

Walentas’s vice president for residential properties, Asher Abehsera, said the Clocktower’s luxury is worth the price.

“It supersedes real estate; it’s a work of art that cannot be duplicated,” said Abehsera.

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Reader Feedback

A O from BKLYN says:
DUMBO= Directly Under Manhattan Bridge Overpass...
Oct. 22, 2009, 9:10 am
Moshe Aron Kestenbaum from Williamsburg ODA says:
Dumb-Ulterior-Morbid-Beneath-Organised crime
Oct. 22, 2009, 9:27 am
Fourth Estate from DUMBO says:
Of course people from the toxic waste dump known as Williamsburg have no clue. (Oh yes, it is a toxic waste dump, guess what all those factories burned during WW2, toxic waste- Cancer rates higher than the rest of the city)
Oct. 22, 2009, 4:35 pm
Mike from City Hall says:
Hey, I'm going to buy this for my Brooklyn campaign headquarters! Thanks for the tip (and the endorsement ;-);-)), Brooklyn Paper!
Oct. 24, 2009, 3:08 pm
Fourth Estate from DUMBO says:
But Mike, didn't you already buy the Brooklyn Paper? You should have gotten the final draft for approval before Gersh 'edited' it ;-), ;-) What's going on?
Oct. 24, 2009, 5 pm
Dave from Carroll Gardens says:
Wow another article from the Brooklyn Paper that was reported over two months ago in all the reputible NY publications...Good Job
Oct. 27, 2009, 12:31 pm

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