The Clock Tower Lofts at 112 Lincoln Avenue in Mott Haven have officially sold out as of June, with the penthouse unit closing this week for $2.1 million. The deal marks the highest price yet paid for a condo on Alexander Avenue, according to developer JCAL Development.

The sellout of Clock Tower Lofts signals a new era for Mott Haven’s residential market. JCAL Development confirmed Tuesday that every one of the 90 units at 112 Lincoln Ave has closed, capped by a $2.1 million penthouse sale finalized on Monday. The full sellout comes less than 18 months after sales launched in January 2023, according to Compass broker Victor Rodriguez, who led the sales team.

The penthouse, a three-bedroom with an 800-square-foot terrace, sets a new price record for condos south of 138th Street. Rodriguez says buyers were a mix of longtime Bronx residents and “uptown expats” priced out of Harlem and Midtown. “People want space, tall ceilings, sunlight. That’s what you get at the Clock Tower,” he told NYC Pulse inside the restored lobby on Tuesday.

JCAL Development converted the former Myer Building clock factory into 90 industrial-style condos, preserving original brickwork and steel beams. Amenities include a 24-hour doorman, 5,000-square-foot roof deck, and a gym. Average units closed at $980,000, with most buyers coming from the Bronx, Upper Manhattan, and Park Slope. The sellout makes the Clock Tower Lofts the first major condo project in Mott Haven to fully close since the pandemic.

Frequently Asked Questions

Where is the Clock Tower Lofts building in Mott Haven?

The Clock Tower Lofts are located at 112 Lincoln Avenue, at the corner of Alexander Avenue in Mott Haven, Bronx. It’s a converted factory just two blocks from the 138th Street-3rd Avenue subway stop on the 6 train. The building is a recognizable landmark with its large clock face and restored facade.

What amenities does the development offer residents?

Residents of Clock Tower Lofts have access to a 24-hour doorman, landscaped rooftop with Manhattan skyline views, a fitness center, bike storage, and an indoor children’s playroom. Select units also include private outdoor space. The building is pet-friendly and offers parking for an additional fee.

Who bought the $2.1 million penthouse, and what is notable about it?

The buyer of the penthouse has not been named publicly, but Compass broker Victor Rodriguez described them as a “longtime New Yorker moving from Midtown.” The three-bedroom top-floor unit features 2,200 square feet of interior space, an 800-square-foot private terrace, and restored 14-foot ceilings. The sale set a new price record for the area.

Frequently Asked Questions

Where are the Clock Tower Lofts located in Mott Haven?

The Clock Tower Lofts are at 112 Lincoln Avenue, at the corner of Alexander Avenue in Mott Haven, Bronx.

How much did the Clock Tower Lofts penthouse sell for?

The penthouse sold for $2.1 million, setting a new price record for condos on Alexander Avenue.

What amenities are offered at Clock Tower Lofts?

Amenities include a 24-hour doorman, 5,000-square-foot roof deck, gym, bike storage, indoor children’s playroom, and pet-friendly policies.

Who bought the $2.1 million penthouse at Clock Tower Lofts?

The buyer has not been named, but is described as a longtime New Yorker moving from Midtown.

How many units are in the Clock Tower Lofts and when did they sell out?

There are 90 units in the Clock Tower Lofts, and all sold out as of June 2024.

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