The Real Deal New York

Slate, Adam America launch sales at Dumbo’s 51 Jay St.

Penthouses asking up to $5M; 74-unit building slated for 2016 opening

January 22, 2015 09:30AM
By Mark Maurer

51-jay

Renderings of 51 Jay Street in Dumbo (credit: ODA)

Slate Property Group and Adam America Real Estate have launched sales at 51 Jay Street, a 74-unit Dumbo condominium building converted from a warehouse.

Prices range from $750,000 for a studio to $5.2 million for a four-bedroom duplex penthouse. The property, between Water and Front streets, includes six penthouse apartments and a single-family townhouse, which will be available for sale in the next six months.

The building, designed by ODA Architecture, is slated to open in the spring of 2016. Amenities include a rooftop fireplace, children’s playroom and sun deck. Several of the units will have private terraces.

Halstead Property Development Marketing is handling sales.

“We have a lot of pent-up demand for this project from local Dumbo folks and Tribeca and Chelsea buyers,” Halstead’s Robin Schneiderman said.

Silverstone Property Group, formerly led by Slate co-founder Martin Nussbaum, bought the three-story manufacturing building on the site for $45 million in 2013, as The Real Deal reported. Slate, in partnership with Adam America developed the project.

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