Dumbo, an acronym stands for "Down Under the Manhattan Bridge Overpass," is a widely known and fascinating residential neighborhood that connects Brooklyn and Manhattan and is in high demand with NYC homebuyers. Prices on apartments for sale in Dumbo are amongst the highest in Brooklyn due to the desirability and popularity of the neighborhood. The residential real estate market is filled with renovated lofts, mixed-use converted warehouse spaces and a growing number of new high-rise towers. Lofts for sale in Dumbo Brooklyn are extremely sought after due to their incredible character as many New Yorkers would love to buy an apartment with exposed brick walls and beamed ceilings. Brownstones and townhouses for sale in Dumbo are also in high demand and regularly sell for eye-popping prices.
The neighborhood is well known for its picturesque cobblestone streets which are the perfect place for a "photo opp," given their old-world charm and the gorgeous views of the Manhattan skyline. Buyers who purchase an apartment in Dumbo also enjoy the many incredible amenities the neighborhood offers. To start, there are a plethora of boutique shops and chic restaurants, including the new Time Out Market, which hosts various well-known eateries and shops. Overall, Dumbo an ideal place for culture lovers throughout NYC, and homes in the neighborhood are highly coveted. If you plan on buying real estate in the area be prepared to pay up as Dumbo apartments for sale expensive. Some of the most desirable apartment buildings in Dumbo include 98 Front Street, the J Condominium at 100 Jay Street, and 70 Washington Street. Another highly anticipated new development is the Front & York luxury condo, which is expected to be completed in 2021 and will be located at 85 Jay Street. The luxury homes and penthouses in these condos are some of the most expensive in all of Brooklyn, often selling for record prices.