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| DUMBO
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Known for: Cobbled streets and
the ghosts of cardboard manufacturers past mix with “high-tech
incubators, all kinds of computer people, and design studios,”
says broker William Ross. With a 24-hour organic-grocery store, a
bank, quiet streets, access to the A, C, and F lines, and plans for
a children’s playground in Brooklyn Bridge Park, Dumbo has become
a magnet for families.
Boundaries: Hudson Street to Fulton
St.; Prospect Street to John Street/East River.
Subway stops: F to York Street
or A, C to High Street |
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 OUTLOOK
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What's new:
Judging by all the scaffolding, what isn’t? The latest
addition is the Sweeney Building, a turn-of-the-century office building
recently converted into 87 luxury condominiums by David Walentas,
the developer behind the Clock Tower building and the self-styled
“father of Dumbo.”
Bargain hunting:
Prices are still relatively reasonable (for now, anyway)
in Vinegar Hill, the area just north of the Manhattan Bridge.
Prediction: Dumbo’s appeal to families explains its
rapid growth, which should continue. The recent flurry of activity
in sales of one-bedroom apartments suggests that Manhattan expats
without kids are starting to look here as well. But are all those
blockbuster lofts overpriced?
— Profile from the March
10, 2003 cover story of New York Magazine
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| APARTMENT
PRICES |
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TO BUY
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2001
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2003
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| 1BR |
$740K-$800K |
$700K-$800K |
| Loft |
$995K-$1M |
$600K-$2.7M |
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TO RENT
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2001
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2003
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| Studio/1BR |
$1,425-$2,850 |
$1,500-$3,600 |
| 2BR |
$2,700-$2,800 |
$2,800-$5,500 |
| Loft |
$7,500-$8,750 |
$4,500-$12,000 |
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NEIGHBORHOOD
BROKERS
• Fillmore
Realty
• Brooklyn
Heights Real Estate
• Frank
P. Manzione
MANAGEMENT CO./PROPERTIES
• Renaissance
Properties
BEST CITYWIDE BROKERS
• Brown
Harris Stevens
• Douglas Elliman
• Corcoran
• Halstead
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COMPARE
THIS NEIGHBORHOOD...
How good are the schools? How many violent crimes have
taken place lately? How many pothole complaints have been
filed? The city of New York has put the data online. Pour
over stats and pit one neighborhood against another. Just
fill out your address in the "My Neighborhood"
box and select the topic of interest — schools, transportation,
public safety, and more.
• NYC.gov
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RELATED
FEATURES
• Top
5 New Brooklyn Bars (March 10, 2003)
• Best
of New York: Brooklyn
(March 25, 2002)
• Real
Estate 2001: Industrial Brooklyn
(March 12, 2001)
THE SCENE
Dining
Bubby's Brooklyn:
The outer-borough outpost of Tribeca's beloved comfort-food canteen.
1 Main St. at Water St.; 718-222-0666 or Bubbys
Five
Front:This cozy cousin of Park Slope's
popular 12th Street Bar & Grill serves up the same brand of creative
comfort food under the Brooklyn Bridge.
5 Front St. between Fulton and Dock Sts.; 718-625-5559
Rice:
It's all about rice at this staple for hipsters who aren't on Atkins.
81 Washington St. between Front and York Sts.; 718-222-9880 or
Rice
Superfine:
Local artwork, an orange-felted pool table, and a Mediterranean-inspired
menu draw an enthusiastic neighborhood crowd to this DUMBO pioneer.
126 Front St. between Jay and Pearl Sts.; 718-243-9005
More
DUMBO Restaurants
Nightlife
68 Jay Street: Rustic wood accents
and terra cotta walls provide an urban oasis.
68 Jay Street at Water St; 718-260-8207
Dumbo General Store: No canned goods
here. Expect lots of lattes and liquors.
111 Front St between Washington and Adams St.; 718-855-5288
Low: Nestled beneath Rice
is this cozy, subterranean lounge with DJs and drinks.
81 Washington St. between Front and York Sts.; 718-222-1LOW or
Low
Lunatarium: Thousands of square feet
of dancing and debauchery.
10 Jay St. between Plymouth and John Sts.; Lunatarium
More
DUMBO Bars
Shopping
ABC Carpet
& Home Warehouse: At this outlet, mere mortals can afford
the chain's luxe goods - glamorous furniture, mesmerizing oriental
carpets, sumptuous linens.
20 Jay St. between Plymouth and John Sts.; 718-643-7400 or ABC
Home
Antiquarius
Imports: This Brooklyn warehouse is home to stunning collectibles
and chic accoutrements like those found at ABC, but for a fraction
of the price.
183 Concord St. near Duffield St.; 718-222-2434 or Antiquarius
Imports
West Elm:
At the new flagship store, expect the reasonably priced, clean, colorful
furnishings that made this home-design-catalogue company famous.
75 Front St. at Main St.; 718-875-7757 or West
Elm
More Dumbo Stores
RECOMMENDED SITES
.
Hello
Brooklyn
Extensive guide for Brooklynites with everything from listings to
lost pet postings.
Dumbo
Arts Center
Resource for local artists and residents on
local exhibits and community events.
Dumbo
Art Under the Bridge Festival
Annual October arts festival features music,
art, crafts, parties and parades.
Go
Brooklyn
Weekly entertainment guide to the city's biggest borough.
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