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Dumbo

Dumbo
Brooklyn, NY 11201

Dumbo is a neighborhood in northern Brooklyn that takes its name from the portmanteau of the phrase Down Under the Manhattan Bridge Overpass. It is bounded by Hudson Avenue, Prospect Street, and the East River. Vinegar Hill is sometimes lumped into Dumbo. The neighborhood was formerly a manufacturing district with factories that made things like machinery, paper boxes, and Brillo soap pads. As manufacturing declined in New York City and across the United States, artists began to take over the derelict warehouses and factories in the 1970s. Developers followed in order to capitalize on the fashion for living in converted lofts. Developer David Walentas and his company Two Trees Development spearheaded the transformation of Dumbo into an in-demand residential enclave by assembling properties and land in the 1980s to redevelop into condominiums and rental buildings. Contemporary developments include One Main Street, 205 Water Street, and 220 Water Street, a rental conversion. Dumbo is a hub for tech firms, whose workers like working in loft-style office spaces. Since 2007, the neighborhood has been designated a historic district. -GB

  • Address Dumbo
  • neighborhood Dumbo
  • borough Brooklyn

10/22/18
...was for a condo at 1 John Street in Dumbo, which went for about $4.7 million. The three-bedroom home spans 2,495 square feet and includes a...

10/17/18
...GDC Properties landed this $52 million loan for its Dumbo rental building at 220 Water Street. The money comes from Santander Bank and Sovereign Bank...

10/12/18
...New York and New Jersey. 10) Spaces, 175 Pearl Street, Dumbo - 61,539 square feet The shared office provider signed a lease for 61,539 square feet of...

10/11/18
...bought a two-bedroom condo in Brooklyn’s posh Dumbo neighborhood and paid all cash with the help of his parents. “Sometimes it’s...

10/11/18
...A wideshot of Dumbo Heights in Brooklyn (Credit: Dumbo Heights) Dallas and Brooklyn finally have something in common. The markets secured the top...

10/10/18
Texas-based company Zenith Energy has sold a Greenpoint petroleum facility for $62 million to an LLC linked with Two Trees Management in a sale-leaseback, according...

10/08/18
...sale of two Jehovah’s Witnesses properties in Dumbo to Kushner Companies, CIM Group and LIVWRK in August 2016. But there were early signs...

...sale of two Jehovah’s Witnesses properties in Dumbo to Kushner Companies, CIM Group and LIVWRK in August 2016. But there were early signs...

09/21/18
...Soho House, either in the Meatpacking District or DUMBO. They’re both about 20 minutes from my office, and they have a really creative...

09/19/18
The latest project to replace a former Jehovah’s Witnesses site in Brooklyn will stand 26 stories tall with 74 units at 30 Front Street, according...

09/18/18
...bought the former Jehovah’s Witnesses building in Dumbo from Aby Rosen’s RFR Realty for $170 million and plan to build affordable and...

09/17/18
...Blumenfeld, is currently building an office tower in Dumbo with Triangle Assets. The property, at 10 Jay Street, was initially slated for a condo...

09/17/18
The Brooklyn luxury market saw 11 contracts signed last week for the third week in a row, split between seven houses, three condos and one...

09/17/18
...a pair of Jehovah’s Witnesses properties in Dumbo to Jared Kushner, CIM Group and LIVWRK in 2016. Knakal had a dollar volume of...

09/07/18
...A rendering of Dumbo Heights at 81 Prospect Street, Charles Kushner, and Aby Rosen (Credit: Getty Images and Dumbo...

09/06/18
...GDC Properties landed a $52 million loan for a Dumbo rental tower. The property, at 220 Water Street, is a four-story building with 135 apartment units...

...Soho House, either in the Meatpacking District or DUMBO. They’re both about 20 minutes from my office, and they have a really creative...

08/31/18
...affordable housing nonprofit. RFR sold 90 Sands Street in Dumbo for $170 million to Breaking Ground. The two sides were said to be in talks...

08/30/18
...Jehovah’s Witnesses site at 85 Jay Street in Dumbo from JPMorgan Chase. CIM owns about 95 percent of the project, while LIVWRK has the...

08/20/18
...portfolio in the heart of the neighborhood. The Dumbo...

08/06/18
The Brooklyn luxury market saw 16 contracts signed last week, split between 11 houses and five condominiums. The properties sold for about $47.8 million overall...

08/03/18
Florida private equity firm Kayne Anderson Real Estate Advisors landed a $200 million mortgage for a former Jehovah’s Witnesses property in Brooklyn Heights. The building,...

07/30/18
The Brooklyn luxury market saw 12 contracts signed last week, split between seven houses, three condominiums and two co-ops. The properties sold for about $39.3...

07/23/18
The Brooklyn luxury market saw 12 contracts signed last week, split between eight houses and four condominiums. The properties sold for about $45.4 million overall...

07/23/18
...-unit market-rate warehouse conversion at 98 Front Street in Dumbo, joining a cluster of 100-plus-unit condos that had been filed earlier this year near...

12/30/15
...Academy of Classical Ballet, 20,000 square feet 29 Jay Street, Dumbo Landlord: Peter Forman One of the country’s most celebrated ballerinas traded in a...

...it’s only recently that four Brooklyn neighborhoods — Dumbo, Cobble Hill, Williamsburg and Downtown Brooklyn — have seen their rents surpass the Manhattan average...

...Eastern Consolidated For example, at 51 Jay Street in Dumbo, Adam America Real Estate and Slate Property Group sold a $4.3 million penthouse for $2,065 per...

01/13/15
...the borough, he added. In neighborhoods like Williamsburg, Dumbo and Brooklyn Heights, smaller stores are getting creative to attract shoppers. “That is the...

...permits for 9 Front Street, a 289-unit rental in Dumbo, and 286 Ashland Place, a 381-unit tower in Downtown Brooklyn. Meanwhile, the Virginia-based AvalonBay, a...

...estate owned by developer David Walentas of the Dumbo...

...are facing an ever-increasing competition from Brooklyn’s Dumbo neighborhood. Prospective tenants hungry for the Midtown South creative vibe, but priced out of...

...is also gaining strength across the river in Dumbo, where it is marketing the new Kirkman Lofts condominium at 37 Bridge Street. Sotheby’s...

...with the penthouse in the Clocktower Building in Dumbo. “It’s extremely helpful for a that focuses on new construction because developers love...

...When Brooklyn native Karen Heyman first started selling Dumbo lofts in the 1990s, Manhattan residents refused to take the subway there. “I used...

...clearinghouse site Etsy has set up shop in Dumbo...

...as an elephant taking wing. Nowadays, of course, Dumbo is well established as one of Brooklyn's most sought-after neighborhoods. So much so that...