It will take deep pockets to buy Bedford-Stuyvesant’s tallest new tower.
The owners of 11 Spencer Ct. want $13 million for the soaring 13-story apartment skyscraper that is at least three times as tall as most of its neighbors.
“Almost every floor of the building has an amazing view because all the buildings around it are three and four stories tall,” said Matthew Cosentino of TerraCRG, the real estate firm hired to market the property.
The owners, Gaia Real Estate, bought the glass-faced tower two years ago for $8.6 million.
The 135-foot-tall building includes 23 units — a mix of studios, two-bedrooms and duplexes — with private access to keyed elevators, a gym and a roof deck with views of the Manhattan skyline.
Developers originally planned to sell the units as condos, but the market had collapsed by the time construction was finished in 2011, TerraCRG founder Ofer Cohen said.
Gaia rented the apartments, but a renewed thirst for condos in the changing neighborhood gives potential buyers more flexibility, Cohen said.
“Bed-Stuy may be a super attractive, sort of transforming neighborhood today,” Cohen said, “but seven years ago, it wasn’t as exciting. This building was a little ahead of its time.”
The real estate boom driving up prices in the northern reaches of Brooklyn has spread to Bed-Stuy in recent years. Brownstones that used to sell for $600,000 a few years ago now command prices of $1.8 million and often top $2 million, Cosentino said.
Newcomers to Brooklyn are increasingly looking to the neighborhood as a first choice.
“What’s attractive about Bed-Stuy that’s a little different than Bushwick or North Williamsburg is the housing stock is remarkable,” Cohen said. “You have blocks and blocks of brownstones.”
Larger investors are now looking at the neighborhood, but there are few large-scale projects available, Cohen said.
Recent rezoning has made it harder to match the height of the Spencer Ct. property in residential neighborhoods, and only a few public housing towers in Bed-Stuy eclipse the height of the private apartment building.
“This is a great opportunity for the bigger guys to get in the market,” Cohen said.