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Explore DUMBO Vinegar Hill Neighborhood in New York City

Real Estate New Developments

General Information

DUMBO (Down Under the Manhattan Bridge Overpass) and Vinegar Hill are two interconnected neighborhoods in Brooklyn, located just east of the Brooklyn Bridge. DUMBO is renowned for its stunning waterfront views, cobblestone streets, and former industrial buildings that have been transformed into trendy lofts, art galleries, and tech offices. Vinegar Hill, a smaller and more residential neighborhood adjacent to DUMBO, offers a quieter, more historic vibe, with its well-preserved 19th-century homes and tree-lined streets. Together, these neighborhoods are a blend of historic charm and modern development, attracting a mix of artists, professionals, and families. The area's proximity to Manhattan and the scenic Brooklyn Bridge Park make it one of Brooklyn's most sought-after locations.

Real Estate Information

The real estate market in DUMBO and Vinegar Hill has surged in recent years, with DUMBO being one of the most desirable neighborhoods in Brooklyn. Real estate in DUMBO includes a mix of luxurious lofts, converted warehouses, and newly developed condominiums, offering a range of upscale living options. Properties in the area are known for their high ceilings, large windows, and spectacular views of the Manhattan skyline and Brooklyn Bridge. Vinegar Hill, while quieter, also offers a range of charming brownstones and historic homes that are often more affordable than those in DUMBO. Both neighborhoods are popular with tech professionals, creatives, and families, and property values have consistently risen due to the area's prime location and unique character. With easy access to transportation and a growing number of amenities, these neighborhoods offer an ideal blend of convenience and upscale living.

Historical/Interesting Facts

DUMBO and Vinegar Hill have rich histories that date back to the early days of New York’s waterfront development. DUMBO was once an industrial hub, home to factories and warehouses that took advantage of the waterfront location for trade and shipping. The area’s name reflects its proximity to the Manhattan Bridge and its early association with the underutilized land beneath the bridge. Vinegar Hill, on the other hand, was named after a 1798 Irish battle and was a residential area in the 19th century, with working-class families and Irish immigrants settling in the area. In the mid-20th century, both neighborhoods saw industrial decline, and many of the buildings were abandoned or repurposed. Since the 1990s, however, both DUMBO and Vinegar Hill have experienced significant gentrification, with new developments and an influx of residents revitalizing the area. The neighborhoods now stand as examples of how Brooklyn has transformed from industrial centers into desirable residential and cultural hubs.

Properties Statistics

Total Properties

45

Median Asking

$3,309,022.22

Sale Price/ft²

$1,746.78

Average Home Size

1800 ft²

Average Home Age

42 years

Based on results from 45 properties

Buildings in this Sector

FAQ about DUMBO Vinegar Hill