(Source: New York Times)

TIME waits for no man, certainly not during a real estate downturn in Brooklyn.

So despite the tumbling prices for trophy apartments, a striking triplex penthouse apartment in a clock tower overlooking the Brooklyn Bridge and New York Harbor has gone on the market for $25 million, more than double the highest price known to have been paid for a home in Brooklyn.

The main floor of the sleek modern apartment is dominated by four working clocks housed in four 14-foot-high round windows, which provide nearly unobstructed views (except for the clock faces) out to the four points of the compass.

The penthouse sits atop one of the tallest buildings in Dumbo, the cobblestoned neighborhood that in the 1980s sprang to life in a former industrial area between the Brooklyn and Manhattan Bridges.

The 3,000-square-foot main floor has an open living room, dining room and kitchen with 16-foot-high ceilings. A glass-walled elevator and a three-story floating staircase at the center of the space lead to smaller floors that narrow toward the top of the tower. There are three bedrooms on the 2,300-square-foot second floor (watch your head as you walk along the exterior walls), and on the floor above that, a 988-square-foot open loft with a 15-foot ceiling. Finally, up a narrow staircase at the very top of the building is a tiny windswept crow’s nest.

Read Josh Barbanel’s full article “No Need to Wear a Watch” in the New York Times (August 7, 2009).

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