Dumbo NYC

Notes from the DUMBO, Brooklyn NY neighborhood


Fulton Ferry Condominiums Progress Report 12/7/06

December 7th, 2006


The Fulton Ferry condos, located almost directly under the Brooklyn Bridge, at the corner of Water Street and Old Fulton Street in Dumbo, looks to be close to being completed. Some would consider the location to be on the border of Brooklyn Heights and Dumbo, but there’s no argument about the fantastic views overlooking Manhattan. Not to be confused with Fulton’s Landing of Jersey City, NJ, the building is literally 50 steps to the Fulton Ferry Landing and the riverfront directly across from The River Cafe and the Brooklyn Ice Cream Factory.

There are only 13 units in the building, and the style looks consistent with the neighborhood’s character (despite the building’s trapezoidal shape). The ground floor has 2282 square feet of commercial space and a parking space for each of the units. Maintenance/cc and taxes aren’t listed, but the average price per square feet is $746.26 and average price is $1,167,162. Not bad at all for the space and location, but looks like all units are under contract except for unit 3A, listed by Brooklyn Bridge Realty. Are there any buyers out there who knows the move-in date or what the commercial space will bring to the area?

Click on photos for larger version:

Fulton Ferry Condo (fultonlanding.com)
4 Water Street, Brooklyn, NY

address direction sq. ft. terrace beds bath price price/sq.ft.
2A W 1401 0 2 2 $1,003,700 $716.42
2B S 1595 0 2 2 $1,083,000 $679.00
2C E 1574 702 2 2 $1,034,000 $656.93
2D N 1219 1153 2 2 $921,800 $756.19
3A W 1401 0 2 2 $1,020,000 $728.05
3B S 1595 0 2 2 $1,113,200 $697.93
3C E 1574 124 2 2 $1,014,700 $644.66
3D N 1219 124 2 2 $797,500 $654.22
4A S, W 2010 2387 2+ 2.5 $1,749,000 $870.15
4B N, E 1563 250 2+ 2 $1,049,000 $671.15
5A S, W 1563 455 2+ 2 $1,448,000 $926.42
5B N, E 1562 250 2+ 2 $1,080,200 $691.55
PH N, S, E, W 1843 1477 3 2 $1,859,000 $1,008.68
Filed in Fulton Ferry Landing, Old Fulton Street, Real Estate, Water Street at 1:53 am
Comments
  • oops, I spoke too soon because the Brooklyn Bridge Realty listing says that the condo is in contract.
  • these condos have been under construction for at least 3 years and probably were all sold 3 years ago, hence the lower psf figures.
  • ok, that makes sense re psf. But 3 years? That's a long time that the buyers have to wait...even if they purchased a year ago.
  • Dot
    85 adams appears to be taking a while to be completed also. Construction started on that building way before J Condo, but the J appears to be ahead of 85 adams now. What's going on there?
  • Rascal
    85 Adams is a Boymelgreen property. That's what's going on there.
  • This is a great site. I'm planning to possibly relocate my small design business to DUMBO in the spring, so it's helpful to have this site as a resource.

    If anyone knows of commercial loft space that's available (approx. 1000 sq ft) as well as residential rental opportunities (can also be loft - need not be fancy), please let me know.

    Thanks!
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