DUMBO at a Glance
The neighborhood of DUMBO features some of the most luxurious residential apartments set along the East River waterfront and beneath the Manhattan Bridge from which it derives its name. With the conversion of the Watchtower portfolio into prime office space, DUMBO is also one of the fastest growing creative and tech office districts in the city. The neighborhood attracts tourists from around the world to snap the iconic photo of the Manhattan Bridge centered on Washington Street, grab a slice at the world-famous Grimaldi’s, and check out the iconic Manhattan skyline from Brooklyn Bridge Park.
DUMBO had over $277M in dollar volume in 2021
The average residential development P/BSF was $329 in 2021
The average household income in DUMBO is over $116,000
Residential Market: 2020
Avg Residential Rent
$4,000
Avg Price for Condo Sellouts
$1,300,000
Investment Sales: 2021
Total Dollar Volume of Investment Sales
$277,033,000
Avg Multifamily Sale PPSF
$703
Avg Development Site Sale PPBSF
$329
Additional Demographics: 2020
Avg Household Income
$116,000
Transportation
Subways
Buses
B25 B67 B69
Other Transportation
East River Ferry
Neighborhood Vibes
With its cobblestone streets, warehouse buildings, and creative vibe, it's no wonder DUMBO is a magnet for makers, innovators, and startup entrepreneurs alike. Physically separated from most of the borough by the Brooklyn Queens Expressway and Brooklyn and Manhattan Bridge entrance ramps, DUMBO and nearby Vinegar Hill truly feel like neighborhoods apart.
Brooklyn Bridge Park
This 85-acre waterfront park features six piers of recreational fields and family activities against a stunning backdrop of Lower Manhattan.
Jane's Carousel
This restored 1922 merry-go-round is a favorite among children and families.
