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Penthouse in One of Brooklyn’s Newest Buildings Closes for $6.6 Million

The buyer used a shell company to purchase the 5,000-square-foot residence

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A penthouse at Oosten closed for $6.6 million.

Xinyuan
A penthouse at Oosten closed for $6.6 million.
Xinyuan

A penthouse in one of Brooklyn’s newest luxury buildings closed for $6.6 million, setting a price record for the borough, according to public records and a brokerage firm that tracks the sale price of new developments.

PH3 in Oosten in Williamsburg closed at $6,608,443 last month, according to public records, about $100,000 higher than the contracted sale price of $6.49 million. This is the highest close for Brooklyn’s new developments in the past five years, according to Brooklyn-based MNS Real Impact Real Estate, which collects data from public records and developers/sellers.

In the last five years, only two new construction sales in Brooklyn have come close to the recent price record. In 2012, a penthouse at Richard Meier’s 1 Grand Army Plaza sold for $5.1 million and a Brooklyn Heights apartment went for $4.9 million in 2014, according to published reports citing MNS data.

The buyer, who remained anonymous under the umbrella of PH Unit Holding, got an "expenses-paid trip" to Amsterdam for a personal design consultation with Piet Boon, who is responsible for the building’s interior designs, according to a report (LINK) published when the property went into contract.

The two-level 5,091-square-foot penthouse includes six bedrooms, six bathrooms and a 1,500-square-feet outdoor space with a private Jacuzzi, boasting views of the East River, Brooklyn Bridge and Manhattan skyline.

The building, Oosten at 429 Kent Ave., is the first residential project developed by NYSE-listed Chinese developer Xinyuan. The developer has two new condos in the pipeline, namely, Hudson Garden Project in Manhattan’s Hell’s Kitchen and RKO Keith’s Theater in Flushing, Queens.