Q
uadrum Global's Greenpoint development, The Huron, has set a new record for the neighborhood with a penthouse sale. Unit PHA-W, a four-bedroom apartment spanning 2,300 square feet, closed for $5.7 million in an all-cash deal. This surpasses the previous record holder by just $100,000 and works out to approximately $2,400 per square foot.

    The buyers, a couple who currently rent in Williamsburg and own homes in San Francisco and St. Petersburg, Florida, initially contracted for another unit but opted to upgrade to the penthouse before closing. They paid an extra $50,000 for two parking spaces and storage, with the developer covering around $145,000 in closing costs.

    The sale marks the second record-setting deal at The Huron, which has boosted sales activity in Greenpoint over the past few months. With 30 units remaining, the development is now close to 85% sold. Construction on the building is expected to wrap up in the first quarter of 2025 and will feature a range of amenities including a saltwater pool, fitness center, and private park.

    The sale has contributed to a surge in transactions in Greenpoint, with nearly double the number of deals closed last quarter compared to the same period in 2023. The median sale price for a Greenpoint home rose 20% annually to $1.4 million, surpassing that of Williamsburg.