Three bedroom apartments are not very common in Dumbo. Many of the loft conversions are open layouts with large living/kitchen areas with one or two bedrooms and new buildings in Dumbo were designed for a couple or small families in mind (or was it to maximize the number of apartments?). Once a family has two or more children, it’s time to move out. In our view, this creates a transient neighborhood (vs families who live in a brownstone house for generations) and one that brings in young professionals (the high cost of rentals in Dumbo doesn’t attract college or graduate students who are on limited budgets.) With that said, let’s take a look at the three bedroom apartments currently on the market. Not including the $25,000,000 penthouse at 1 Main Street (Prudential Elliman listing and previously on DumboNYC here and here), there are currently 5 listings for sale in Dumbo for three bedrooms. The 42 Main Street (aka Bridgefront) just came on the market this past weekend:
- 42 Main Street #3A, $1,089,750, 3 bed/2 bath, 1,330 sq.ft ($819/sq.ft)
- 70 Washington Street #5D*, $1,495,555, 3 bed/3 bath, 1,700 sq.ft ($879/sq.ft)
- 30 Main Street #8G, $2,675,000, 3 bed/2.5 bath, 2,474 sq.ft ($1,081/sq.ft)
- 1 Main Street #14, $8,500,000, 3 bed/2.5 bath, 3,208 sq.ft ($2,649/sq.ft)
- 1 Main Street #6GH, $3,300,000, 3 bed/3.5 bath, 3,300 sq.ft ($1,000/sq.ft)
*Technically the 70 Washington listing is a 2 bedroom with a home office but is listed as a 3 bedroom on the broker’s site. Another 2+1 bed 70 Washington unit sold in 4 weeks last month for $3,850,000.
If you’re looking to rent a three bedroom, you currently don’t have much choice. There’s only one unit on the market, the $20,000 per month 3 bed, 2/5 bath, 3,208 sq.ft (Sotheby’s listing), last listed for sale at $7,800,000.
Previously:
{3 Bedroom Rentals in Dumbo (Nov 2009)}
