Two Trees’ One Domino Square has upped the ante in the battle of the Williamsburg waterfront developments.
The project sold its duplex penthouse for $7.45 million, according to sales director Aaron Goed. The deal, which is yet to close, marks the record for the neighborhood’s priciest sponsor sale and at $3,046 per square foot, the sale is also the neighborhood’s priciest per square foot for any residential sale by more than 12 percent.
The previous sponsor sale record was held by Naftali Group’s Williamsburg Wharf, which scored a contract in December for a penthouse asking $7.2 million, or $2,700 per square foot. That deal also set the record for priciest condo sale last year in Williamsburg — unseating a $5.8 million sale at One Domino Square. The back-and-forth between the developments, which are only blocks away from each other, speaks to an ability for developers to push prices in North Brooklyn with highly amenitized offerings. “This was the first opportunity to buy a waterfront condominium in Williamsburg in like 15 years,” said Goed of One Domino Square. “We assumed there was a lot of pent-up demand.” The median new development sales price in North Brooklyn was almost $2 million in the first quarter of 2025, a 43 percent increase year-over-year, according to Corcoran’s Brooklyn market report. The two projects have inched closer to the all-time Williamsburg condo sales record, set by three combined condos at 2 Northside Piers that sold for $8.3 million in 2021.
One Domino Square’s Penthouse 1A spans 2,446 square feet, with three bedrooms and three full bathrooms. It features a corner living room and a dedicated entertaining space with a wine fridge and wet bar that open onto a 609-square-foot wraparound terrace.
The project, which consists of a 160-unit condo tower and a 399-unit rental tower, is part of Two Trees’ massive mixed-use development that includes and surrounds the former Domino Sugar refinery.
One Domino Square has 45,000 square feet of amenities, including an aquatics center with an indoor swimming pool and spa, cold plunge, hot tub, steam room, sauna and a heated outdoor pool overlooking the East River. It also features a private dining room, barbecue grilling terrace and media room.
One Domino Square and One Williamsburg Wharf launched sales within four months of each other. One Domino has sold 70 of its 160 units, while One Williamsburg Wharf has passed the halfway mark. But Two Trees’ project, which is just seven blocks north of Williamsburg Wharf, has almost double the condo units as Miki Naftali’s competing project. “I think their success helps us, and vice versa, and there’s definitely enough demand to go around,” Goed said.”As far as the back and forth, I think that we will likely break this record, but I don’t think that there’s anything left there to do that until they launch Phase Two.”
One Domino began closings last October. The team has yet to release all of the remaining penthouses, but has put Penthouse 3A, asking $7 million, and Penthouse 1C, asking $5.95 million, on the market. The development’s rental tower is fully leased.