$1,927,571Average Value$1,711Average Price per Sq Ft42Homes For Sale
Brooklyn neighborhood blends established industrial vibe with refreshed feel
DUMBO — an acronym for Down Under the Manhattan Bridge Overpass — is a trendy Brooklyn neighborhood known for its cobblestone streets and beautiful waterfront views of the Manhattan and Brooklyn Bridges. A mix of redbrick buildings and the scenic backdrop of the Manhattan Bridge makes the corner of Washington and Water Streets a hotspot for tourists and locals to capture photos. Situated along the East River near Vinegar Hill and Downtown Brooklyn, the formerly industrial area has seen luxury condo buildings rise between warehouses-turned-lofts. “It’s this interesting mix of old industrial conversions and ground-up high-rise buildings,” says Jennifer Lee, a licensed associate real estate broker with SERHANT LLC who lives near the DUMBO border in Brooklyn Heights. “There’s a huge draw because you’re on the water, with easy access to downtown Manhattan.”
One of the most photographed spots in Brooklyn
View of the Manhattan Bridge
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Luxury condo towers and historic conversions
The neighborhood is characterized by reimagined buildings that were once industrial spaces. “There used to be a lot of warehouses and print factories from the early 1900s. When they re-zoned DUMBO, they became condo conversion projects,” Lee says. A two-bedroom condo in a converted warehouse goes for around $2.25 million. A one-bedroom in the restored 1916 Clock Tower Condominium at 1 Main Street costs between $1.6 and $2.1 million. The sale of air rights gave property owners the ability to extend their properties upward, allowing for larger luxury condo towers. One such tower is the curved 33-story Olympia at 30 Front Street, where a three-bedroom runs $5 million to more than $6.5 million, and the 21-story Front and York at 85 Jay Street, where a two-bedroom costs between $1.8 and $2.3 million. The preservation of historic buildings has been an ongoing topic, with loft laws put in place to protect certain structures. With the sale of air rights, taller towers, like 69 Adams, continue to rise.
The commercial building 10 Jay Street
The Olympia condo tower
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Stylish dining options and local stores along the waterfront
Shops and restaurants cluster within Empire Stores along Water Street, a brick warehouse-turned-shopping mall. Upscale Italian fare and open waterfront views are hallmarks of Cecconi’s Dumbo. Other stylish eateries like Em Vietnamese Bistro and casual options like Thai Sidewalk sit near Front Street. The multi-story Time Out Market also houses at least two dozen bars and restaurants, and hosts annual and regularly recurring cultural events, including holiday markets and weekly jazz performances. Local retail spots like The Powerhouse Arena bookstore and vintage clothing store 2nd Street Dumbo are tucked next to art and photography galleries. On Jay Street, small markets like Bridge Fresh and Wholesome Farms Market offer groceries. Additional supermarkets include Dumbo Market and Peas & Pickles.
Wholesome Farms Market is a busy shop for groceries
Diners enjoy Em Vietnamese Bistro
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Recreation and events at the riverside Brooklyn Bridge Park
Brooklyn Bridge Park stretches 85 acres along the riverside, providing ample space for both passive and active recreation. The Empire Fulton Ferry Lawn on the park’s north side offers incredible views of the Brooklyn Bridge and Lower Manhattan, and is also the home of Jane’s Carousel, a grand 1922 children’s ride that has been expertly restored. Pebble Beach and its scenic riverside vistas are another attraction of the Brooklyn Bridge Park. The park continues southwest of the neighborhood and provides spaces for a wide range of activities, including fishing, pickleball, rock climbing, roller skating and kayaking. Throughout the year, Brooklyn Bridge Park hosts numerous diverse events. Free outdoor fitness, yoga and dance classes are on the schedule during the summer and fall. In May and June, the Kite Festival and Brass Bands Festival bring families to the park.
Brooklyn Bridge Park has an indoor park with swing sets
Jane's Carousel is located in the park
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Access to highly-rated public schools
Students in DUMBO may attend schools within the New York City School District No. 13. The A-rated P.S. 8 The Emily Warren Roebling School serves kindergarten through sixth grade and is in the top 6% of elementary schools in New York City. The Dock Street School for STEAM Studies serves grades six through eight and has an A-minus rating from Niche. High School students can apply to attend the highly regarded Brooklyn Technical High School, which Niche gives an A-plus and rates as No. 4 on the list of standout high schools in America.
Dock Street School for STEM Studies
PS8 The Emily Warren Roebling School
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Two ferry routes, plus the F train
The F train subway stop can be found at York Street. The DUMBO/Fulton Ferry stop services two routes that access North and South Brooklyn, Midtown and Wall Street. Drivers can utilize the Manhattan and Brooklyn Bridges to get into Lower Manhattan, and the Brooklyn-Queens Expressway to get to LaGuardia Airport.
GreatSchools:
The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process.
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Dumbo has a beautiful industrial feel to and has beautiful views of Manhattan and has a ton of galleys to check it. When the weather warms up there are always activities to do or flea markets to attend. Stop but get a pizza from Gremmaldies or love & dough and split it between loved ones in dumbo park and enjoy the brash from the hustle and bustle of The City.
Are you familiar with the DUMBO neighborhood?
to let others know what life in this neighborhood is like.
Crime and Safety
1 - Low Crime, 10 - High Crime
DUMBO
US
Homicide
5
4
Sexual Assault
5
4
Assault with Weapon
4
4
Robbery
3
4
Burglary
4
4
Motor Vehicle Theft
4
4
Larceny
3
4
Crime Score
3
4
Source: WhatIsMyCrimeRisk.com
DUMBO Demographics and Home Trends
On average, homes in DUMBO, Brooklyn sell after 150 days on the market compared to the national average of 53 days. The median sale price for homes in DUMBO, Brooklyn over the last 12 months is $2,350,000, up 18% from the median home sale price over the previous 12 months.
The only high-floor, river-facing 2bed/2bath corner unit available at Front & York. Set high on the 17th Floor with stunning views of mesmerizing sunsets, the A line is the most coveted of the two-bedroom units in all of the building, if not Dumbo, and the first resale of its kind in the building. A gracious entry foyer outfitted with a large coat closet and generous
Set high on the 17th Floor, with mesmerizing sunset views, the A line is the most coveted of the two-bedroom units and the only high-floor, river-facing 2bed/2bath corner-unit available at Front & York. A gracious entry foyer outfitted with a large coat closet and generous gallery wall lead into a massive corner great room with magical views of the New York Harbor, Statue of Liberty, Manhattan &
Immediate Occupancy.On-site model residences now available to tour by appointment. Overlooking Front Street, Residence 18C is a two-bedroom, two-and-a-half bathroom corner residence with 1,471 SF of elegant living space. Upon entry, the foyer introduces an open and light-filled living and entertaining space. The impeccably tailored Workstead-designed kitchen features a
Perched atop one of DUMBO’s most distinguished buildings, this exceptional full-floor penthouse represents a level of construction and quality that is hard to achieve in contemporary urban living. This penthouse offers over 3,000 square feet of impeccably curated interiors with views of the East River, Manhattan Bridge, and Lower Manhattan skyline. Soaring 11-foot ceilings, floor-to-ceiling
FLEX 2 Bedroom apartment in one of DUMBOs premier condo buildings. Its features include a 24hr concierge, roof deck, storage, fitness center, laundry, and many more. Open Granite and Stainless Steel kitchen. Private Terrace! Luxury bathroom. Gorgeous wood floors-Huge windows. 1 MONTH BROKER FEE
"Available Immediately Residence 3I - a spectacularly spacious loft in a beautifully converted warehouse - is DUMBO living at its best. The 1614 square foot 2 Bedroom/2.5 Bath residence speaks of expert craftsmanship and the finest materials. Herringbone flooring and the oversized windows add to the loft-like feel of the home. Upon entering, you'll be greeted by 9'8"" ceilings and
Welcome to the Beacon at 85 Adams Street, Unit 14A, a distinguished rental property nestled in the vibrant neighborhood of DUMBO, Brooklyn. This elegant 2-bedroom, 2-bathroom corner unit spans 1,162 square feet, offering breathtaking views of the Manhattan skyline, the Statue of Liberty, and the East River.The residence features an open kitchen with a center island, Caesarstone
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Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
