Toll Brothers Has a Secret

Eventually, another two towers will be built at Northside Piers. One is slated to be constructed next year, while the other is about three years away. These buildings will obstruct much of the waterfront and Manhattan skyline views from Tower 1.

On the so-called B-line section of Tower 1, where two-bedroom units facing the water will eventually suffer from blocked views, prices were cut from above $1 million to the $800,000 range, a sales agent said.

In all, 23 apartments sit on the B-line, but only 17 have been released for sale. Of those released, 10 have been sold, four have deposits and three remain available for sale, as of last week.

The cheapest B-line unit available is a 1,133-square foot two-bedroom on the fourth floor that is listed for $744,990, or about $660 per square foot. A higher unit, with the same size, is listed for $818,990, or about $720 per square foot.

The so-called J-line of the building, which has nonwater views and a total of 13 units, saw prices cut about $40,000, or about 5%, but are still listed at a price-per square foot number of nearly $850.

Altogether, the J- and B- blocks account for 20% of the tower.