(100 Gold Street)
What are the least expensive Dumbo condos on the market today? If you can’t afford the much publicized $25 million penthouse at One Main Street (For that one, see our prior post or its own website at clocktowerny.com), the current entry cost for owning a condo in Dumbo is $450,000 ($642/sqft) at 100 Gold Street (#2F). When we looked at the lowest priced Dumbo condos in Aug 2007, June 2008, June 2009, the lowest prices were $475k ($880/sqft), $550k ($686/sqft) and $450k ($773/sqft). These are the lowest cost condos for sale in Dumbo today, which fall within the range of past lowest cost condos:
- $450,000 (100 Gold Street, #2F, 700 sq.ft, $642/sqft)
- $459,000 (206 Front Street #2E, 540 sq.ft, $850/sqft)
- $465,000 (206 Front Street #2D, 540 sq.ft, $861/sqft)
- $475,000 (100 Jay Street #7J, 582 sq.ft, $816/sqft)
As we did back in June 2009, we asked a few local real estate brokers (who wished to remain anonymous) about the state of real estate in Dumbo, and cited that Dumbo prices are holding steady according to recent sales despite the economy. We all know they’re an optimistic bunch, but can it be true that Dumbo is saved from the downturn?