In the midst of a financial meltdown, stock market crash and foreclosure-dominated real estate market, comes news that one of the most expensive condominiums in Brooklyn went under contract.

New York's leading real estate blog, Curbed.com, reports two penthouse condos at the top of The Edge high-rise in the Williamsburg waterfront section of Brooklyn, will be combined to create one humongous 3,969 square foot unit that will have 6 bedrooms and 6 bathrooms, according to the developer. The sale is valued at $5.145 million, touted as the most expensive condo sale ever in Williamsburg, and the 6th highest sale in all of Brooklyn on record.

Two roof decks and two balconies with amazing city views are included in this penthouse in Gotham. The previous Burg record was a $3.8 million combo unit sale at the Aurora on Karl Fischer Row.

The Edge is an eco-friendly development of condos that "exceed the New York State energy conservation code by 15 percent," according to the condo's website, WilliamsburgEdge.com.

• 70% of energy purchased from renewable sources, i.e., wind, solar, hydro and biomass.

• Biodiesel fuels used for onsite construction equipment

• More than 75% of construction waste will be diverted from landfill and recycled

Published: November 25, 2008

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Mr. Carr is an award-winning real estate broker in Northern Virginia and authored "Real Estate Investing Made Simple: a commonsense approach to building wealth." He also contributed to Donald Trump’s book, "The Best Real Estate Advice I Ever Received," and is an active trainer and coach of top producers in the Washington DC market. As a sought-after expert on real estate, Mr. Carr has been featured on CNN, various broadcast outlets and was the former real estate editor for The Washington Times. He accepts questions at his blog www.RealEstateOlogy.org.