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DUMBO

DUMBO

4.8
$1,929,869 Average Value
$1,768 Average Price per Sq Ft
54 Homes 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
One of the most photographed spots in Brooklyn
View of the Manhattan Bridge
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 commercial building 10 Jay Street
The Olympia condo tower
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
Wholesome Farms Market is a busy shop for groceries
Diners enjoy Em Vietnamese Bistro
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
Brooklyn Bridge Park has an indoor park with swing sets
Jane's Carousel is located in the park
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
Dock Street School for STEM Studies
PS8 The Emily Warren Roebling School
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.

York Ave station is DUMBO's main access point
York Ave station is DUMBO's main access point
Two routes use the DUMBO/Fulton ferry stop
Two routes use the DUMBO/Fulton ferry stop
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Christina von Claparede-Crola
Written By
Christina von Claparede-Crola
Anna Morgowicz
Photography Contributed By
Anna Morgowicz
Samantha Houtchens
Video By
Samantha Houtchens

Agents Specializing in this Area

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Schools

Source:
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. View GreatSchools Rating Methodology

Parks in this Area

Transit

Airport

Laguardia

18 min drive

Subway

York Street

Bus

York St & Jay St

Bus

Front St & York St

Bus

Water St & Main St

Reviews

Niche Reviews
4.8 3 Reviews
5.0 Current Resident
10/24/2023 Niche Review
Dumbo is a great place and work. Lots of restaurants, and areas to socialize. Lots of young professional families.
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

Housing Trends

Median List Price
$2,500,000
Median Sale Price
$2,050,000
Median Single Family Sale Price
$2,500,000
Median 2 Bedroom Sale Price
$2,350,000
Median Change From 1st List Price
2%
Last 12 months Home Sales
51
Median Home Sale Price YoY Change
3%
Average Price Per Sq Ft
$1,768

Neighborhood Facts

Number of Homes
1,114
Number of Homes for Sale
54
Median Year Built
2006
Months of Supply
12.70
Average Single Family Home Size Sq Ft
1,305
Significantly below the national average
1,927
Average 2 Bedroom Size Sq Ft
1,307
Average 1 Bedroom Size Sq Ft
758
Average Studio Size Sq Ft
470

Open Houses

  • Thursday, Nov 20
    1 - 3pm

    51 Jay St Unit 5J, Brooklyn, NY 11201

    $2,417,000

    • 3 Beds
    • 3.5 Baths
    • 1,757 Sq Ft
    • 51 Jay St
    • Unit 5J
    • New 16 days ago

    Industrial Heritage meets Modern Luxury at 51 Jay StreetDiscover Residence 5J in one of DUMBO’s most significant conversions. This Landmark-protected "Daylight Factory," reimagined by ODA New York, is a light-filled sanctuary. This expansive three-bedroom, three-and-a-half-bath home offers three exposures and soaring ceilings, perfectly marrying industrial grandeur with contemporary design.

    Marc Solomon Compass

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  • Wednesday, Nov 19
    2 - 3:30pm

    115 York St Unit 17A, Brooklyn, NY 11201

    $2,799,000

    • 2 Beds
    • 2 Baths
    • 1,291 Sq Ft
    • 115 York St
    • Unit 17A

    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

    Danielle Nazinitsky Decode Real Estate

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  • Sunday, Nov 23
    12 - 1:30pm

    30 Main St Unit 4G, Brooklyn, NY 11201

    $2,385,000

    • 1 Bed
    • 2.5 Baths
    • 2,556 Sq Ft
    • 30 Main St
    • Unit 4G

    Wake Up to Manhattan Bridge Views in this Spectacular Dumbo Loft Discover urban luxury redefined in this breathtaking 2,556-square-foot sanctuary featuring an oversized master suite, two huge home offices, and two-and-a-half bathrooms. Step into the building's largest single-floor layout and prepare to be captivated. Floor-to-ceiling windows frame postcard-perfect Manhattan

    Charles B Homet Archpoint Advisory

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Distribution of Home Values

Source: Public Records

Homes for Sale

Homes for Rent

Condo Buildings

Average Home Value





Source: Public Records

Property Mix - Square Feet

This Neighborhood Has More Renters

Demographics

Total Population
6,757
Median Age
38
Population Density
119 ppl/acre
Population under 18
24.8%
On par with the national average
23.8%
Population over 65
6.1%
Below the national average
19.1%

Finances

Median Household Income
$232,441
Significantly above the national average
$79,601
Average Household Income
$234,459

Education and Workforce

High School Graduates
98.6%
College Graduates
93.1%
Significantly above the national average
34.1%
Advanced Degrees
47.6%
Significantly above the national average
13.3%
% Population in Labor Force
90.9%

Weather

Annual Precipitation
50''
Average Winter Low Temperature
28°F
Average Summer High Temperature
85°F
Annual Snowfall
2''

Area Factors

Very Bikeable

Bike Score®

84 / 100

Walker's Paradise

Walk Score®

98 / 100

Rider's Paradise

Transit Score®

100 / 100
Source: Walk Score
Source: Walk Score

Sound Score® measures the noise level of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.

Nearby Neighborhoods

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.
NEIGHBORHOOD
DUMBO