If you’re looking to live in Dumbo, as many are, loft living is definitely the way to go. 50 Bridge Street, built in 1907 as a warehouse in what is now the waterfront neighborhood’s landmarked historic district is offering this two-bedroom condominium loft with ceilings over 10 feet, a recent renovation, and plenty of modern convenience. Asking $1.425 million, the 1,259 square-foot space brings tin ceilings and millwork by a local craftsman to the mix, setting this loft apart from so many of its white-box-and-brick neighbors.
If you’ve visited Brooklyn Bridge Park then it’s likely you’ve seen 8 Old Fulton Street, the historic brick cooperative–with the red door–directly facing the park. In the 1860s, this building was constructed for the Brooklyn City Railroad Company. Today the landmark holds just 10 co-ops, meaning it’s rare to see apartments up for grabs. But this one-bedroom triplex has hit the market for $1.975 million, decked out with columns, exposed brick and twelve-foot ceilings. The previous owner was the artist Caro Heller, who passed away in 2014. According to public records, her children–an adventure writer and gallery owner–have listed the property for sale.
While Soho and DUMBO might have to fight it out over which was the more original loft neighborhood, there’s no doubt that they brought living in a big, airy, open former industrial space, with maximum flexibility and minimum furniture, to a whole new level of cool. This loft at 50 Bridge Street in the Brooklyn waterfront neighborhood brings both loft and luxury living up-to-date, and at a $1.3 millon price it doesn’t rule out the entire creative class.
So…a 2,700-square-foot four-story townhouse with a garden and a roof deck, in a cool Dumbo factory loft complex with condo perks like a gym and cold storage? It sounds like the best of all possible worlds to us. And while the $3.95 million price on this “resplendent mix of modern and industrial charm” at 37 Bridge street might be no small sum by any stretch, you’re certainly getting the bonus of not having to choose between location, space, or convenience.
134 years ago, the opening of the Brooklyn Bridge transformed the Brooklyn waterfront, not to mention the entire borough, by providing direct access into Kings County from Lower Manhattan. The opening only boosted Brooklyn’s burgeoning waterfront, which became a bustling shipping hub for the New York Dock Company by the early 1900s. Business boomed for several decades until changes in the industry pushed the shipping industry from Brooklyn to New Jersey. And after the late 1950s, when many of the warehouses were demolished to make way for construction of the Brooklyn-Queens Expressway, the waterfront fell into severe decline.
New Yorkers today are living through a new kind of Brooklyn waterfront boom, heralded by the Brooklyn Bridge Park. Ideas to transform the abandoned, run-down waterfront into a park seemed like a pipe dream when the idea was floated in the 1980s, but years of dedication by the local community and politicians turned the vision into reality. Today, the park is considered one of the best in the city.
And just like that, the record for the most expensive condo ever sold in Brooklyn has been broken. A triplex penthouse at 1 Main Street, atop the Clock Tower building in Dumbo, sold for $15 million, beating out a unit at Brooklyn Bridge Park’s Pierhouse that closed for nearly $10.6 million just last month. As the New York Post reported, the historic unit had a hard time finding a buyer; it sat on the market for nearly six years, switched brokerages and chopping its price tag several times.
Architecture firm Bjarke Ingels Group (BIG) has just added heft to the big-name design, media and technology shift that has been setting up shop in Brooklyn. BIG, founded by noted Danish architect–and DUMBO resident–Bjarke Ingels, just signed a lease for 50,000 square feet at Two Trees’ 45 Main Street building in the Brooklyn waterfront neighborhood, with plans to relocate their Manhattan office at 61 Broadway to the new space, which is twice the size of the company’s current NYC headquarters. As 6sqft previously reported, Ingels purchased a $4 million penthouse home at 205 Water Street with views of 2 World Trade Center back in 2015.
Back in 2012, Megalith Capital Management and Urban Realty Partners bought two neighboring DUMBO sites from the Jehovah’s Witnesses for more than $30 million. They then tapped Aufgang Architects to design both warehouse conversions: a landmarked former Brillo factory at 200 Water Street was transformed into 15 boutique condos; 181 Front Street into a 105-unit rental. Twenty percent of apartments in the latter development are reserved as affordable, and as of tomorrow, New Yorkers earning 60 percent of the area median income can apply for these 21 units, which range from $895/month one-bedrooms to $1,247/month three-bedrooms.
Brooklyn Bridge Park is the last place we’d expect to find a menacing art installation summoning feelings of nothingness. But come May, Anish Kapoor will bring his acclaimed installation “Descension” to one of the park’s busiest stretches, Pier 1. As described by The NY Public Art Fund (the project’s curator), Descension is a 26-foot diameter whirlpool that funnels pitch-black, naturally dyed water below ground, inviting visitors to carefully peer into its swirling abyss.
It’s been eight months since ODA Architecture received its final approvals from the Landmarks Preservation Commission to convert the former Arbuckle Brothers sugar refinery building in Dumbo into a modern retail and office site. We’ve previously seen renderings of 10 Jay Street‘s prismatic East River-facing elevation–which was inspired by sugar crystals, the nearby Manhattan Bridge, and the neighborhood’s historic steel and brick facades–and now that the rehab is in full swing, CityRealty noticed that the leasing team has debuted a new website with never-before-seen renderings of the brick east wall, adjoining waterfront plaza, retail space, and offices.