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Explore DUMBO Neighborhood in New York City

Real Estate New Developments

General Information


DUMBO, short for “Down Under the Manhattan Bridge Overpass,” is a vibrant and trendy neighborhood in Brooklyn, New York, known for its breathtaking views of the Manhattan skyline and the Brooklyn Bridge. Once an industrial district, DUMBO has transformed into one of Brooklyn’s most sought-after locations, combining the charm of historic cobblestone streets with modern, upscale developments. The neighborhood’s unique name is a nod to its location under the Manhattan and Brooklyn Bridges, offering panoramic vistas of both the bridges and the East River. DUMBO is a cultural hub, home to art galleries, tech companies, boutique shops, and cafes, making it a dynamic destination for creatives, professionals, and tourists. With its close proximity to Manhattan, it provides easy access to the city while maintaining a laid-back, community-oriented atmosphere. The area’s waterfront parks, including the Brooklyn Bridge Park, offer ample space for outdoor activities, making DUMBO an attractive place to live and visit.

Real Estate Information

The real estate market in DUMBO is one of the most competitive in Brooklyn, attracting affluent buyers and renters looking for a mix of historical charm and modern amenities. DUMBO is known for its converted warehouses and industrial lofts that have been transformed into sleek, modern apartments and condos, often with high ceilings, open spaces, and original architectural details like exposed brick and beams. Luxury residences in DUMBO come with premium finishes, floor-to-ceiling windows, and spectacular views of the Manhattan skyline and bridges. The neighborhood also features some newly developed high-rise buildings, offering a more contemporary living experience while still reflecting the industrial roots of the area. Given the neighborhood’s prime location, its real estate prices are on the higher end of the spectrum compared to other parts of Brooklyn. However, the combination of its central location, scenic beauty, and access to cultural and professional opportunities makes DUMBO one of the most desirable places to live in the borough. Both buyers and renters are drawn to the neighborhood’s unique combination of old-world charm and cutting-edge urban living.

Historical/Interesting Facts

DUMBO’s history dates back to the 19th century when it was an industrial hub for Brooklyn. Originally home to factories, warehouses, and warehouses for shipping and manufacturing, the area was a bustling center for the city’s economy. Its location beneath the Manhattan and Brooklyn Bridges made it a strategic point for transportation and trade. The neighborhood's industrial heyday faded in the mid-20th century as Brooklyn’s economy shifted, and many of the factories and warehouses became abandoned. In the 1990s, artists and creatives began to move into the area, attracted by its large, affordable spaces and proximity to Manhattan. This influx of artists spurred the area’s transformation into a thriving cultural district, and over the next few decades, DUMBO became one of Brooklyn’s most desirable neighborhoods. The development of Brooklyn Bridge Park along the waterfront in the early 2000s further solidified DUMBO’s appeal as a residential and recreational area. Today, the neighborhood is known for its blend of historical buildings and modern architecture, attracting both residents and visitors who appreciate its unique character, picturesque views, and artistic heritage.

Properties Statistics

Total Properties

191

Median Asking

$1,085,454.18

Sale Price/ft²

$1,712.01

Average Days on Market

3 days

Average Home Size

611 ft²

Average Home Age

17 years

Based on results from 191 properties

Buildings in this Sector

FAQ about DUMBO