The scaffolding is coming down as Brooklyn's tallest tower has now opened up. Brooklyn Point, which stands on the corner of Flatbush Avenue and Willoughby Street, offers spectacular views of the skyline and an infinity pool on its roof.

What You Need To Know

  • Brooklyn Point is the borough’s tallest building

  • The tower has 68 residential floors and an infinity pool on its rooftop

  • The building benefits from a tax abatement law that expired because initial site construction work was done back in 2015
 

"We have 483 residents in total," says Brooklyn Point Senior Sales Associate Tim Rizzo. "We are the tallest building in Brooklyn with 68 residential floors. We also have the highest rooftop infinity pool in the Western Hemisphere." 

That pool is still under construction, as work was halted for several months during the pandemic.

The high-priced condos, which start at about $1 million for a one-bedroom, will be loaded with ammenities when completed. But the unfunished work is not stopping buyers.

The sales team says what's drawing residents is not only the high-end quality built by Extell Development, but also a tax abatement. This is one of the last buildings in the city offering a 25-year tax abatement under the old 421-A tax exemption law.

"We have 25-year tax abatement certificates in place where the first 21 years of taxes are 100 percent abated, and then you phase out for the final four years," says Rizzo. "That is significant in terms of the the savings."

The reason this building qualifies for that tax abatement is because the foundation and the occupancy certificate were in place in 2015 before the exemption expired.

Brooklyn Point is the final project on the site that used to be the Albee Square Mall. It was replaced by City Point, which houses the DeKalb Food Market and a Trader Joe's, as well as two rental buildings.

Regina Myer of the Downtown Brooklyn Partnership says it's the rezoning of the area in 2004 that allowed for the growth of a residential neighbhorhood.

"At this point, we have about 40,000 residents in Downtown Brooklyn, which is just incredible," says Myer. "And it's really changed the mix of Downtown Brooklyn from primarily a government sector with shopping to a fully mixed use neighborhood with apartments, offices and shopping."

While Brooklyn Point stands tall, it won't be the highest for long. Across from City Point, at the landmark Dime Savings Bank, construction is underway for 9 DeKalb Avenue, which will eclipse all others at 73 stories.