Conquest New York
Research Memo · Brooklyn

DUMBO.

Tech founders + senior creative, 2-3BR family stage, 1 train to FiDi

Generated ·By Conquest · Denza·Cohort: 193 active · median $1.8M · $1,583 PSF·⤓ Download PDF
Sources

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.

Cotality · REBNY RLS (active inventory)as of Jun 29, 2026
Active
193
Asking · median
$1.8M
PSF
$1,583
DOM
51d
Cotality active feed in our pipeline does not currently include closed-sale rows; sold-side metrics are sourced from ACRIS.
Sold · 12mo
103
Sold · median
$2.0M
Trust rules applied to this memo
  • Only one closed-sale source (acris) is available. Cite the source by name when referencing sold-side numbers.
§1 · Underwriting Snapshot
Active Inventory
193
listings on market
Active · Median
$1.8M
all bedroom counts
Median PSF
$1,583
$/sqft · live cohort
Median DOM
51d
days on market
Sold · 12mo (ACRIS)
103
closed deeds, ≥$50K
Sold · Median (ACRIS)
$2.0M
ground truth · NYC.gov
§2 · The Read

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.

§3 · Loft + New Construction

The two cohorts you actually came for.

Active loft conversions

Pre-1930 envelope · ≥1,200 sqft · condo or condop

  • 1 MAIN Street · 5H
    2BR · 2,139 sqft · 1900 · PSF $1,286
    $2.8M
  • 30 Main Street · 10F
    3BR · 2,209 sqft · 1910 · PSF $1,471
    $3.3M
  • 365 BRIDGE Street · 14D
    2BR · 1,306 sqft · 1930 · PSF $1,283
    $1.7M
  • 70 Washington Street · 7L
    2BR · 1,551 sqft · 1916 · PSF $1,288
    $2.0M
New construction

Built 2020+ or sponsor sale

  • 289 SCHERMERHORN Street · 9B
    2BR · 1,035 sqft · 2026 · PSF $1,932
    $2M
  • 289 SCHERMERHORN Street · 8E
    2BR · 1,350 sqft · 2026 · PSF $1,852
    $2.5M
  • 289 SCHERMERHORN Street · 5A
    2BR · 1,159 sqft · 2026 · PSF $1,488
    $1.7M
  • 289 SCHERMERHORN Street · 9E
    1BR · 679 sqft · 2026 · PSF $1,583
    $1.1M
§4 · Building Leaderboard

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.

BuildingActive asksAsking range (low · median · high)Closings · 12moClosing 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
ask
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
ask
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
ask
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
ask
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
ask
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
ask
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
ask
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
ask
sale -33.3% vs ask
Liquid
ratio 4×
10
205 Water Street
4
$150K·$2.1M·$2.1M
No current inventory
Asking range: low / median / high of list_price across all currently-active listings in the building (Cotality REBNY RLS). Median, never average — resistant to a single high-end outlier.
Closing range: low / median / high of 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.
Liquidity: ACRIS closings ÷ active asks. ≥ 2× = Liquid · 1-2× = Active comps · 0.25-1× = Thin trading · < 0.25× = No recent sales. Sold-out buildings (≥4 closings, 0 active) get “No current inventory”.
Discount-to-ask: median ACRIS closing price ÷ median active asking price − 1, computed only when both numbers are present at the building level.
Distribution strip plot: each teal dot = one ACRIS closing in the last 12 months. Brass vertical line = median active asking price. If the line sits to the right of the cluster, asking is above where deals actually clear; inside the cluster = at-market; left of the cluster = ask is below recent prints.
§5 · Buyer Memo

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.

§6 · Commute decoded

Time-on-the-clock, not distance-on-a-map.

Wall Street
Transit
9m
Walking
25m
Hudson Yards
Transit
26m
Walking
Bryant Park
Transit
22m
Walking
§7 · Cohort profile

Who actually buys here.

Median age
38
years
HHI · p50
$235K
median household income
HHI · p75
$420K
75th percentile
Owner-occupier
56%
of unit stock
Top industriesTechCreativeFinance

Cohort indicators sourced from public US Census ACS 5-year + Denza first-party transaction data. Refreshed quarterly.

§8 · Frequently asked

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.

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