Nowadays, it costs a king's ransom to buy property in Kings County, and a recent sale proved it.
The property, located in the upscale Cobble Hill area of Brooklyn, is listed by real estate firm Douglas Elliman. Based on a price of nearly $6 million and a square foot size of 2000, the Strong Place sale breaks down to $2900 per square foot. On a purely square footage basis, that would appear to put the property's sale in record territory for Brooklyn—and multiples higher than prevailing rates in the region.
In response to an inquiry from CNBC, Alexander Maroni—the Douglas Elliman broker who closed the sale—told CNBC that the sale was "a testament to the strength of the Brooklyn market. In some cases Cobble Hill is being seen as more attractive to buyers than Brooklyn Heights."