Top-Priced Home in Brooklyn Features Four Clocks

BROOKLYN, N.Y. ( TheStreet) -- For $25 million, this Brooklyn penthouse offers skyline views, a glass elevator and a deck. More importantly, its four gigantic clocks will ensure the owner never gets out the door late again.

The Clocktower, a three-story home perched atop a 95-year-old building in Brooklyn's Dumbo neighborhood, located on the East River between the Brooklyn and Manhattan bridges, is listed for more than twice the price of the most expensive home ever offered in that borough. The 7,000-square-foot penthouse, known for its four clocks, features a panoramic view of New York's iconic sights, including the Statue of Liberty, the Empire State Building and the Manhattan skyline.

This Brooklyn penthouse features four 15-foot clocks.

"The clock tower, because of its unique and bizarre features and its incredible view, is probably one of the most spectacular things in real estate one would ever see," says Asher Abehsera, vice president for Two Trees Management, which developed the property and is overseeing its sale. "We've been working on this space for a number of years now and every time I walk in, it is just, 'Wow.'"

The Clocktower building was previously the site of a cardboard factory. In 1998, it was divided into 124 condominium units. David Walentas, a developer and principal at Two Trees, later designed and renovated the triplex.

The 3,000-square-foor main floor features a living space capped by 16-foot-high ceilings. The second floor has three bedrooms and a pedestal bathtub in the master bathroom that overlooks the Manhattan skyline. A glass elevator travels among the unit's three floors, alongside a glass and wood staircase. The fourth floor includes a deck and a half-enclosed, temperature-controlled sky box.

Two Trees has been a major investor in Dumbo, which stands for Down Under the Manhattan Bridge Overpass, and holds one of the largest portfolios of commercial space on the Brooklyn waterfront. The firm specializes in rental properties and office buildings; the Clocktower has served as a side project. Abehsera jokes that the unit's 15-foot clocks would be perfect for "Batman or the Hunchback of Notre Dame."

"There has been a lot of interest from people who just want to get in and see it because it is so different," he says. "We have shown it to several people who are financially capable of buying it and they are still pondering whether they want it or not. It is going to come down to somebody who falls in love with it and wants to splurge."

Abehsera is confident the record-setting price tag won't keep buyers at bay.

"In the past two months, more than six places over $25 million have sold in New York," he says. "Two properties over $20 million just sold over the past weekend. I think a lot of the wealth hasn't been affected and people just want something different."

-- Reported by Joe Mont in Boston.

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