Brooklyn Point
Address
138 Willoughby Street, Brooklyn, NY 11201
Price Range
$850,000 – $3,200,000
Bedrooms
Studio-3 BR
Completion
2020
Developer: Extell Development Company458 unitsDowntown Brooklyn, Brooklyn
E-2 EligibleEB-5 EligibleH-1B EligibleL-1 EligibleAny Eligible
Brooklyn's Tallest Residential Tower
Brooklyn Point rises 68 stories above Downtown Brooklyn, making it the tallest residential building in the borough. Developed by Extell Development Company, the tower is crowned by the highest rooftop infinity pool in the Western Hemisphere, offering sweeping views of the Manhattan skyline, the Statue of Liberty, and New York Harbor. The building sits directly above City Point, Brooklyn's premier retail and dining destination.
Residences
The 458 residences range from studios to three-bedroom homes, designed to maximize light and views. Interiors feature floor-to-ceiling windows, wide-plank oak floors, quartz countertop kitchens with Bosch appliances, and modern bathrooms with custom vanities. Higher floors command particularly dramatic Manhattan skyline views.
Amenities
The crowning amenity is the 68th-floor rooftop infinity pool and sun deck with 360-degree views. Additional amenities include a state-of-the-art fitness center, spa with steam rooms, children's playroom, residents' lounge, outdoor terrace, and full-time concierge. The building connects directly to City Point, home to Target, Trader Joe's, Alamo Drafthouse Cinema, and DeKalb Market Hall.
Location & Investment
Downtown Brooklyn is one of the fastest-growing neighborhoods in New York, with a concentration of transit options (11 subway lines, LIRR), cultural institutions (BAM, Brooklyn Academy of Music), and a booming tech and startup scene. Brooklyn Point's 25-year tax abatement and sub-$1M entry price make it one of the most accessible luxury investments in the NYC market, with strong rental yields driven by young professional demand.
Estimated Monthly Costs
$1,200
Property Tax
$1,100
HOA / Common Charges
$350
Insurance
Amenities
Rooftop Infinity Pool (Highest in Western Hemisphere)Fitness CenterSpa & Steam RoomChildren's PlayroomResidents' LoungeOutdoor TerraceParkingConciergeDoormanPackage Room
Information for International Buyers
Purchasing as a Foreign Buyer
Foreign nationals can purchase property in New York City with no restrictions on ownership. Unlike some countries, the U.S. does not require citizenship or residency to own real estate. Purchases can be made in a personal name, through an LLC, or via a foreign corporation.
Financing is available for foreign buyers, though terms typically require a 30-50% down payment and may carry higher interest rates than for U.S. residents. Several banks in NYC specialize in foreign national mortgages and accept alternative documentation.
Key considerations include FIRPTA withholding tax (15% of sale price held at closing, refundable if no tax is owed), potential estate tax exposure for non-resident aliens (federal exemption of only $60,000), and annual property tax obligations. We recommend working with a CPA and attorney experienced in cross-border real estate transactions.
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