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New DUMBO condos will be the most expensive ever in Brooklyn

According to the Real Deal, Fortis Property Group’s new Dumbo condo units are the most expensive dwellings in Brooklyn. Olympia Dumbo will ask upwards of $3,000 per square foot for its two highest units, according to its initial offering plan filed with the state. The 76-unit project’s total sellout is almost $375 million — just under $5 million per pad. The average asking price of $2,203 per square foot is the highest in the borough, according to an analysis by Marketproof, a real estate analytics company that tracks new development sales in the city. That’s 7 percent more than the runner-up, Brooklyn Heights’ Quay Tower, where the average is $2,054. The third most expensive is Alloy Development’s 46-unit condo at 168 Plymouth Street in Dumbo at $1,797 a foot.

While a teaser website for the project is live, sales have not officially started.

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