DUMBO is a small industrial neighborhood with cobblestone streets and breathtaking views of Manhattan, just steps away from the Brooklyn Bridge. In fact, it’s the first Brooklyn neighborhood you’ll happen upon should you walk the famous bridge.
Originally a ferry landing, DUMBO was redeveloped in the 1980s as a commercial and residential community. Since then, many of DUMBO’s empty warehouses have been repurposed to house a rapidly growing population of tech startups. Online retailer Etsy and the home furnishing store West Elm have their headquarters in DUMBO.
Today, the historic neighborhood is home to a mix of old and converted warehouses, boutique shops, local restaurants, museums and art galleries, theatres and new construction luxury condos.
DUMBO has quickly grown to become Brooklyn’s most expensive neighborhood, and New York City’s fourth-richest community overall, thanks to its large concentration of tech startups, its close proximity to Manhattan, and its large number of former industrial buildings that have been converted into spacious luxury residential apartments.
Here’s a brief round-up of what you can buy for $4 million or less in the new condo market in DUMBO:
1. The Standish
The Standish is located at 171 Columbia Heights in DUMBO/Brooklyn Heights. The address is well known to comic book fans and theatre geeks worldwide as both the home of Superman’s alter ego Clark Kent, and for its depiction in Arthur Miller’s famous tragedy “Death of a Salesman.” The Standish is developed by DDG and houses 31 units, ranging in size from 857 square feet to 1,540 square feet.
Residences feature elevated ceilings and wide windows that offer a wealth of natural light and panoramic views of New York harbor. Bathrooms feature rain showers, travertine and mosaic accents, and Fantini fixtures in natural brass.
Amenities include: a fitness center, bike storage, attended lobby and a rooftop terrace.
Pricing starts at $1.3 million.
2. 51 Jay Street
51 Jay Street is developed by Adam America Real Estate Development and Slate Property Group. The converted warehouse was designed by ODA-Architecture and has a total of 74 units, ranging in size from 1,757 square feet to 2,663 square feet.
Studio and one- to four-bedroom units spread out over pre-existing floors, while three- to four-bedroom penthouse units are located on two brand new floors.
Residences feature smoked and wire-brushed oak flooring laid in an elegant herringbone
pattern throughout the living rooms, and dark stained entry doors with metal levers and square rosettes.
Amenities include: a rooftop terrace, a pet grooming room, concierge service, bike storage, fireplace and private storage.
Pricing for available units starts at $2.7 million.
3. 200 Water
Developed by Urban Realty Partners (NYC) and Megalith, 200 Water houses 15 units in total, ranging in size from 1,867 square feet to 2,573 square feet. As the site of the former Brillo factory, 200 Water is the last residential building to be developed on this landmarked cobblestoned street.
Homes boast ceiling heights of 12-feet and seven-inch prime grade radiant heated Siberian white oak flooring.
The penthouse boasts floor-to-ceiling windows and a sculptural spiral staircase, as well as a private rooftop deck.
Amenities include: a landscaped common garden and a fully attended lobby.
Pricing starts at $2.8 million.
4. Pierhouse at Brooklyn Bridge Park
Pierhouse at Brooklyn Bridge Park is developed by Toll Brothers City Living and Starwood Capital. Located at 90 Furman Street, it houses a total of 106 units, with sizes ranging from 2,916 square feet to 4,885 square feet.
Situated on prime waterfront property, most units featuring double-height ceilings in living rooms and homebuyers can choose from one- to five-bedroom floorplans — many with outdoor patio space.
In the kitchen, buyers will find top-notch Gaggenau appliances, and honed Calacatta Tucci marble countertops, as well as solid walnut cabinets for a sleek, modern look. The master bath features a deep standalone tub and walk-in glass shower for a true spa-like experience.
In addition, a newly-opened hotel is next door, offering out-of-town guests a convenient and upscale place to hang their hat while visiting.
Amenities include: a pet washing station, a children’s playroom, rooftop bar, rooftop pool and a full fitness center.
Pricing for available units starts at $3.6 million.