DUMBO.
Tech founders + senior creative, 2-3BR family stage, 1 train to FiDi
Where this memo's data comes from.
We cross-check every claim against multiple authoritative sources before generating the essay. If a source disagrees or is missing, we say so.
- • Only one closed-sale source (acris) is available. Cite the source by name when referencing sold-side numbers.
The cohort, in plain terms.
DUMBO's active market carries 193 listings at a median ask of $1,825,000 and $1,582.50 per square foot, with a median days-on-market of 51. That DOM figure sits meaningfully above what peers like Tribeca and the West Village consistently post on comparable product, signaling that buyers at this price point are exercising patience rather than competing on speed. The six active loft listings and six new-construction listings represent thin slices of total inventory, confirming that the neighborhood's sales volume is driven primarily by resale condominiums in converted industrial stock.
ACRIS records 103 deeds filed in the trailing 12 months at a neighborhood-wide median of $2,010,000, a $185,000 premium over current median asking — a spread that reflects the composition of what actually cleared versus what is currently sitting. Building-level data from ACRIS and active listing records together illustrate significant price stratification. At 60 Front Street, 27 closings printed at a $4,025,000 median with zero current inventory, making it the neighborhood's highest-volume and highest-price venue without a single active comp to anchor asks elsewhere. At 115 York Street, a 2021 construction, 19 ACRIS-recorded closings landed at a $2,010,000 median while five active asks are priced at $2,395,000 — a 16.1% gap between where deals cleared and where sellers are currently positioned. The 1916-vintage 70 Washington Street shows the tightest ask-to-sale alignment in the dataset, with 12 closings at $1,565,000 against active asks of $1,586,500, a 1.4% variance that suggests more disciplined pricing in the legacy loft segment. At 180 Front Street, active asks of $1,225,000 sit well below the ACRIS-recorded median of $2,607,500; the composition mismatch between the current active cohort and prior closings at that address is the most likely explanation, and the 112.9% differential does not reflect executable discount. Compared to Long Island City, which posts similar PSF in new construction but materially shorter DOM, DUMBO's 51-day figure reflects a more selective buyer pool operating at higher absolute price points and with greater scrutiny on unit-level value.
The two cohorts you actually came for.
Pre-1930 envelope · ≥1,200 sqft · condo or condop
- 1 MAIN Street · 5H2BR · 2,139 sqft · 1900 · PSF $1,286$2.8M
- 30 Main Street · 10F3BR · 2,209 sqft · 1910 · PSF $1,471$3.3M
- 365 BRIDGE Street · 14D2BR · 1,306 sqft · 1930 · PSF $1,283$1.7M
- 70 Washington Street · 7L2BR · 1,551 sqft · 1916 · PSF $1,288$2.0M
Built 2020+ or sponsor sale
- 289 SCHERMERHORN Street · 9B2BR · 1,035 sqft · 2026 · PSF $1,932$2M
- 289 SCHERMERHORN Street · 8E2BR · 1,350 sqft · 2026 · PSF $1,852$2.5M
- 289 SCHERMERHORN Street · 5A2BR · 1,159 sqft · 2026 · PSF $1,488$1.7M
- 289 SCHERMERHORN Street · 9E1BR · 679 sqft · 2026 · PSF $1,583$1.1M
Per-building liquidity, side-by-side.
Asking-side data from the active Cotality (REBNY RLS) feed. Closing-side data from ACRIS deeds (NYC.gov), last 12 months, ≥ $50,000 consideration only — gifts and intra-family transfers excluded. Median throughout; the high/low pair is the actual range across all units in that building.
| Building | Active asks | Asking range (low · median · high) | Closings · 12mo | Closing range (low · median · high) | Liquidity |
|---|---|---|---|---|---|
01 60 Front Street | — | — | 27 | $1.8M·$4.0M·$25.5M | No current inventory |
02 115 York Street Built 2021 | 5 | $1.1M·$2.4M·$3.5M ≈ $1,855 PSF (median) | 19 | $948K·$2.0M·$3.0M sale -16.1% vs ask | Liquid ratio 3.8× |
03 70 Washington Street Built 1916 | 4 | $1.1M·$1.6M·$2.9M ≈ $1,323 PSF (median) | 12 | $975K·$1.6M·$3.4M sale -1.4% vs ask | Liquid ratio 3× |
04 180 Front Street Built 2018 | 3 | $1.1M·$1.2M·$3.1M ≈ $1,817 PSF (median) | 10 | $1.2M·$2.6M·$4.5M sale +112.9% vs ask | Liquid ratio 3.33× |
05 30 Main Street Built 1908 | 2 | $3.3M·$3.6M·$4.0M ≈ $1,543 PSF (median) | 6 | $1.4M·$1.9M·$2.9M sale -46.5% vs ask | Liquid ratio 3× |
06 1 Main Street Built 1915 | 4 | $2.2M·$3.4M·$5.3M ≈ $1,687 PSF (median) | 5 | $1.6M·$2.8M·$6.2M sale -18% vs ask | Active comps ratio 1.25× |
07 51 Jay Street Built 2016 | 3 | $1.9M·$1.9M·$2.2M ≈ $1,344 PSF (median) | 5 | $1.6M·$1.8M·$5.7M sale -5% vs ask | Active comps ratio 1.67× |
08 100 Jay Street Built 2006 | 4 | $950K·$2.5M·$5.8M ≈ $1,547 PSF (median) | 4 | $620K·$868K·$2.1M sale -64.8% vs ask | Active comps ratio 1× |
09 37 Bridge Street Built 1915 | 1 | $1.8M·$1.8M·$1.8M ≈ $1,411 PSF (median) | 4 | $1.1M·$1.2M·$1.6M sale -33.3% vs ask | Liquid ratio 4× |
10 205 Water Street | — | — | 4 | $150K·$2.1M·$2.1M | No current inventory |
list_price across all currently-active listings in the building (Cotality REBNY RLS). Median, never average — resistant to a single high-end outlier.document_amt from ACRIS recorded deeds at this building’s tax block + lot, last 365 days. Excludes deeds < $50,000 — gifts, intra-family transfers, nominal $1 deeds.If I were representing a buyer here today.
Senior-broker memo, not investment advice. Compliance: we are a brokerage; this is tactical posture, not a recommendation.
Buyer Memo: DUMBO, Brooklyn
DUMBO's active cohort is priced aggressively relative to what ACRIS shows the market is actually clearing.
1. Stale inventory pressure points: 115 York Street asks are sitting at a 16% premium to ACRIS-verified closings ($2.395M ask vs. $2.01M median close); 1 Main Street carries an 18% gap ($3.37M ask vs. $2.765M close); 30 Main Street is the most distorted at -46.5% — current asks at $3.62M against a $1.94M closing median. Any unit past 60 DOM at these addresses is a conversation.
2. New-construction priority tours: 115 York Street (2021 build, 5 active units) and 180 Front Street (2018, 3 units) — both liquid, both have documented close-to-ask spread to anchor your opening bid.
3. Off-market angle: 60 Front Street — 27 ACRIS closings, zero current inventory; owners know the exit, a direct approach on any floor-through can move quietly.
With a neighborhood-wide median DOM of 51 days and asking PSF at $1,582, you negotiate from the closed-sale number down, not the ask up.
Time-on-the-clock, not distance-on-a-map.
Who actually buys here.
Cohort indicators sourced from public US Census ACS 5-year + Denza first-party transaction data. Refreshed quarterly.
Direct answers, in advance.
What's the median price in DUMBO?→
Across 193 active listings, DUMBO's median list price is $1.8M at $1,583 per square foot. Median days on market is 51.
What kinds of buildings dominate DUMBO?→
4 active loft listings (pre-1930 envelope, ≥1,200 sqft, condo or condop). 5 new-construction or sponsor-sale listings active. Top building by transaction volume in the past 12 months: 60 Front Street.
How does DUMBO compare to neighboring areas?→
Our research memo compares the DUMBO cohort to peer neighborhoods on PSF, building age, and active inventory. Read the §2 essay for the side-by-side. Tap any of the comparable-neighborhoods cards below to read the corresponding memo.
Can I work with a Denza broker for DUMBO?→
Yes. Conquest is an active New York real estate brokerage; our AI handles initial discovery and a licensed broker negotiates and closes. AI-only path rebates up to 1.5% of the buyer-side commission at close. Full concierge with broker representation rebates up to 0.75%.
Where does the data come from?→
Active listings: REBNY-licensed Cotality (CoreLogic) Trestle MLS feed, refreshed every 6 hours. Cohort indicators: US Census ACS 5-year. Citation-only headlines: Miller Samuel public Elliman reports. None of this redistributes raw MLS rows; we publish only neighborhood-level aggregates and per-listing pages with full attribution to the listing brokerage of record.
If this cohort is too tight, look here next.
Ask Denza about DUMBO.
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