This Week’s Price Chop – 554 4th Ave, PH-11B

By Linecity, August 3, 2021

The latest edition of “Price Chop” highlights a sparking penthouse that sits like a jewel box high above its Brooklyn neighbors.  Continuous walls of floor-to-ceiling glass offer unfettered views of Manhattan, New York Harbor, the Statue of Liberty and surrounding Brooklyn.

Penthouse 11-B at 554 4th Avenue, Brooklyn is a 5-bedroom, 4.5 bath duplex condo awaiting its first owner.  The current ask of $4.25 million represents a 14.1% drop from the previous ask of $4.95 million and a 26% dip off the initial price. The listing was first introduced to the market in June 2019 at $5.8 million.  City records show that 35 of the building’s 40 apartments have been sold to date.

554 4th Avenue is a dazzling new condo development that straddles the border of Gowanus and Park Slope.  The building, which sits at the corner of 15th Street and Park Avenue rises eleven stories while containing 40 apartments.  The distinctive glass elevation and the modest scale of the building makes the condo even more appealing. 

Penthouse 11-B is a dramatic two-floor residence spread across 6047 square feet of interior (4480 SF) and exterior (1567 SF) space, highlighted by seven private terraces that send you afar in every direction imaginable.  The transition between indoor and outdoor is practically seamless as 13-foot tall floor-to-ceiling windows frame the skyline.

Anticipation builds as soon as one arrives at this private floor.  Exit the elevator into an extended gallery which leads in two directions.  Instinctively you turn to the right as the light streams in from the north-facing terrace.  This first terrace is the largest of the seven, stretching across the north wing of the residence and totaling some 560 square feet.  But largest doesn’t always mean favorite.  The second terrace, as you walk the perimeter of the apartment, opens to the dining area and creates a perfect al fresco experience.  However, it’s the view toward Manhattan that bedazzles; endless sky stretches from Midtown to the World Trade Center.  

The upper level of the home is dominated by the great room, which offers an uninterrupted flow of function and energy throughout the floor.  The open loft plan includes a spectacular island kitchen flanked by a formal dining area and a living room.  There are five terraces on this floor, at least one in every direction.  If you happen to bounce back and forth between the indoor and outdoor space, radiant heated floors throughout the residence will keep your feet warm.

The open kitchen is the centerpiece of the floor, anchored by a massive marble island with counter seating.  There is a full suite of high-end stainless steel appliances, including a Sub-Zero refrigerator.   The counters and the backsplash, similar to the island, are clad in white marble.

There is a single bedroom at this level which can be used either as a maid’s room or a second home office.  For your convenience, there is even a mud room to clean and hide your shoes.  

The lower level of the residence is comprised of four bedrooms, a home office and a laundry room.  The sprawling primary suite has its own private terrace and a five-fixture en-suite bath with its own corner window. Down a long corridor lay the remaining three bedrooms, each one with its own set of corner windows.   There are two additional full baths on the floor. 

Penthouse 11-B at 554 4th Avenue is being represented by Doron Zwickel of Core. The current price of $4.25 million represents a cost of $949 per interior square foot. For more information on this breathtaking home please visit