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Converted Red Hook Building's 1-Bedroom Condo Listed for $3.8M

By Nikhita Venugopal | October 1, 2014 2:48pm | Updated on October 3, 2014 5:43pm
 Renderings for 160 Imlay St. in Red Hook from AA Studio's teaser website.
160 Imlay St.
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RED HOOK — The neighborhood’s priciest residential listing just hit the market on the Red Hook waterfront — and the multimillion-dollar apartment only boasts a single bedroom, records show.

Douglas Elliman listed the 3,429-square-foot loft at the former New York Dock Building for $3.857 million, about $1 million more than the next highest listing in the same building.

Ten units were listed this week for Red Hook’s 160 Imlay St., built in 1913 as the first reinforced steel and concrete building in the country, according to the Douglas Elliman listing and city records. 

The property is currently the most expensive in Red Hook, according to StreetEasy records.

The one-bedroom loft is followed in price by a pair three-bedroom units around 2,700 to 2,800 square feet, priced at $2.753 million and $2.858 million, respectively. The average list price for the 10 units is about $1.7 million, according to Douglas Elliman's listing.

In 2012, luxury Los Angeles-based developer Est4te Four purchased the New York Dock Building for about $25 million with plans to convert the building into waterfront studios and lofts.

The developer also plans to convert a red-brick warehouse at 202 Coffey St. into a mixed-use space. 

When completed, the six-floor building, designed by AA Studio, will hold 70 units along with a 24-hour doorman, a fitness center, steam and sauna rooms, private bicycle parking, a landscaped rear garden and roof deck, as well as “self-parking under a canopy covered in vegetation,” according to the teaser website.

Individual units will have exposed concrete, 12- to 16-foot-high ceilings, contemporary Italian kitchens from Dada Molteni, floor-to-ceiling windows, European white oak wood flooring, full-height custom doors, and views of the Manhattan skyline and Brooklyn Bridge, Curbed first reported.

The building is slated for completion in summer of 2016.

Last year, Massimiliano Senise, a partner with Est4te Four, told DNAinfo New York that he planned to draw local artists, musicians and models to the neighborhood with “affordable” studios and apartments.

Douglas Elliman real estate agent Patty LaRocco declined to comment on the story.