New To the Market in Dumbo: 28 Old Fulton, 1 Main

The following two condos are new to the Dumbo Brooklyn market for the week of July 16-22, 2012:

  • 7/19/2012: 28 Old Fulton Street #3K – Fulton Ferry Landing (Corcoran), $875,000 ($729/sf), $1,347/mo cc, 1200sf, 2 bed, 2 bath
  • 7/19/2012: 1 Main Street #9C (Sotheby’s), $1,695,000 ($1,423/sf), $656/mo cc, $468 tax, 1191sf, 1 bed, 1.5 bath


(28 Old Fulton Street, #3K)

This coop unit in the 1894 Eagle Warehouse building has a corner exposure bedroom (NW corner of the building) with Brooklyn Bridge and water views. The landmarked building has 85 units and is across the street from Grimaldi’s pizza.


(1 Main Street, #9C)

A high floor with a direct view of Manhattan in 1 Main has a premium price, as this unit does. Recent sales in the building averaged $1,084 per square feet, according to Streeteasy.com.

See all ‘new to market’ posts

30 Comment

  • Anyone know why 28 Old fulton sells for lower psf compared to other properties in the area? Is it because its a coop or are there any underlying issues with the building? The building interests me.

  • Anyone know why 28 Old fulton sells for lower psf compared to other properties in the area? Is it because its a coop or are there any underlying issues with the building? The building interests me.

  • Most apartments have tiny windows and the exterior walls are really thick, so the windows look like those slits in castles for archers.
    Also the building manager is a nightmare.

  • Most apartments have tiny windows and the exterior walls are really thick, so the windows look like those slits in castles for archers.
    Also the building manager is a nightmare.

  • the fortified castle look is what actually appeals to me. I want to be prepared for the Zombie apocalypse.

  • the fortified castle look is what actually appeals to me. I want to be prepared for the Zombie apocalypse.

  • I live in 28 Old Fulton. Each floor has different window sizes. The higher up you go, the smaller the windows are. Just look at the building from outside. I went to the open house on Sunday in 3K. Those windows are full size and the walls are not so thick. Also, the building manager is fine.

    It sells for a much lower psf since it’s a co-op and carries higher monthly maintenance. Nearby co-ops sell in the $750 psf range all the time. Condos like 1 Main routinely get $1000+ psf.

  • I live in 28 Old Fulton. Each floor has different window sizes. The higher up you go, the smaller the windows are. Just look at the building from outside. I went to the open house on Sunday in 3K. Those windows are full size and the walls are not so thick. Also, the building manager is fine.

    It sells for a much lower psf since it’s a co-op and carries higher monthly maintenance. Nearby co-ops sell in the $750 psf range all the time. Condos like 1 Main routinely get $1000+ psf.

  • I stand by my statements. Light starved and megolamaniacal building manager,

  • I stand by my statements. Light starved and megolamaniacal building manager,

  • Samting, sorry you hate the place. I have never felt light starved, I absolutely love living in 28 Old Fulton and I think the manager is fine.

  • Samting, sorry you hate the place. I have never felt light starved, I absolutely love living in 28 Old Fulton and I think the manager is fine.

  • 28fultonresidents, can I ask some insider questions as someone who is considering the building?

    What percentage of the common charge for the building mortgage?

    Are the co-op board requirements reasonable? Would a person like me (yuppie, rock stable profession, make over 300k/year, wife, baby, dog) have any issues with board approval. I hear from other sites as well the manager who is part of the board can be a dick.

  • 28fultonresidents, can I ask some insider questions as someone who is considering the building?

    What percentage of the common charge for the building mortgage?

    Are the co-op board requirements reasonable? Would a person like me (yuppie, rock stable profession, make over 300k/year, wife, baby, dog) have any issues with board approval. I hear from other sites as well the manager who is part of the board can be a dick.

  • I don’t know what % of maintenance is related to the mortgage. However, each year, we get a statement from the accountant that about 50% of our maintenance payment is tax deductible. I assume that helps answer that question.

    When we moved in, and when others have moved in who we got to know, we felt the board requirements were reasonable. We earned about half of what you do when we applied but we made a huge down payment. They dug into our financials to make sure we could afford the mortgage and maintenance but the actual interview was quick and painless. My understanding is the requirement is 20% down and they use some standard formula for financial qualification.

    Some people have gotten a hassle over their dogs but I never heard they kept anyone out due to a dog. There are tons of kids and dogs in the building.

    The manager is not on the board. It is 7 residents although half of them have been on the board for 20+ years (so I have heard…I have been there only 10 years).

    As I have said before, the manager is fine but many find his personality annoying.

  • I don’t know what % of maintenance is related to the mortgage. However, each year, we get a statement from the accountant that about 50% of our maintenance payment is tax deductible. I assume that helps answer that question.

    When we moved in, and when others have moved in who we got to know, we felt the board requirements were reasonable. We earned about half of what you do when we applied but we made a huge down payment. They dug into our financials to make sure we could afford the mortgage and maintenance but the actual interview was quick and painless. My understanding is the requirement is 20% down and they use some standard formula for financial qualification.

    Some people have gotten a hassle over their dogs but I never heard they kept anyone out due to a dog. There are tons of kids and dogs in the building.

    The manager is not on the board. It is 7 residents although half of them have been on the board for 20+ years (so I have heard…I have been there only 10 years).

    As I have said before, the manager is fine but many find his personality annoying.

  • Thanks for the info 28old.

  • Thanks for the info 28old.

  • I also live at 28 Old Fulton. We really love it. Yes, we have limited light in our apartment but our high ceilings and very large space more than make up for it. As for the building manager, I personally think he is a pretty awful human being. That being said, he has never been a real problem for us. We have had renovations done in our place and things have always worked out fine. Yes, he is a jerk and annoying, but it is what it is and he has never really affected our enjoyment of living here. We love being so close to the park and on the border of two great neighborhoods.

    The board will delve pretty deep into your financials, but the interview itself is pretty painless. They may ask to meet your dog.

    Best of luck!

  • I also live at 28 Old Fulton. We really love it. Yes, we have limited light in our apartment but our high ceilings and very large space more than make up for it. As for the building manager, I personally think he is a pretty awful human being. That being said, he has never been a real problem for us. We have had renovations done in our place and things have always worked out fine. Yes, he is a jerk and annoying, but it is what it is and he has never really affected our enjoyment of living here. We love being so close to the park and on the border of two great neighborhoods.

    The board will delve pretty deep into your financials, but the interview itself is pretty painless. They may ask to meet your dog.

    Best of luck!

  • i have been an eagle warehouse resident for a long time. i have a large space w/ 2 real bedrooms (not the small windowless “studies”/illegal bedrooms of the condos) and 12 foot ceilings. my four large windows (like most of the windows in the building) are c. 6ft tall by 4 1/2 ft wide. i have no view and don’t mind. many of the apartments don’t have a view which also effects the average price per square foot as “view” apartments are generally priced higher than non-view apartments.

    i have a separate kitchen so when i have guests we are not looking at the mess in the kitchen/livingroom during and after the meal. all of the apartments in my line are like this and there are several other lines with separate kitchens.

    the small windows are for the most part those in the top floor apartments….and many of those apartments have skylights.

    another thing…unlike many of the dumbo condos, i can open my windows during much of the year. my apartment is quiet and peaceful and full of natural air and i don’t have to use my HVAC unit day and night. my ceiling fans do the trick and my electric bills are low year round.

    there is a great variance in the configuration of the apartments….sometimes even w/i the same line. some appeal to me very much; others i wouldn’t touch w/ a pole.

    the maintenance is not high for a coop. all the building’s tax abatements, etc. have long ago expired so when you buy here you know what you’re getting. unlike many of the condos in the neighborhood, we will not see an immense (sometimes crippling) increase in our taxes down the line. the maintenance is c. 50% deductible.

    the building manager has a difficult style and some residents, including, increasingly, me, try to have little contact with him…which is easy as long as one is not trying to get over. and when the chips are down and one gets past the guy’s facade, the building manager will work hard with one to resolve legitimate problems. and if you’re still not happy (and not completely off the wall in your request), the board will deal with you.

    many of the people who complain about the manager are people who have found themselves wanting to do things (in renovations and otherwise) that are not allowed by the building rules.

    the board interview is usually short and sweet. the board does a thorough financial review to protect itself and the other owners from a defaulting tenant.

    the thick walls of my apartment are impervious to noise. they are made of 19th century ceramic brick — not wallboard — and clean up beautifully. not all apartments have them but many are really special because this is a one of a kind building.

    in my view, the apartment shown above was underpriced and whoever buys it is lucky. square footage isn’t everything.

  • i have been an eagle warehouse resident for a long time. i have a large space w/ 2 real bedrooms (not the small windowless “studies”/illegal bedrooms of the condos) and 12 foot ceilings. my four large windows (like most of the windows in the building) are c. 6ft tall by 4 1/2 ft wide. i have no view and don’t mind. many of the apartments don’t have a view which also effects the average price per square foot as “view” apartments are generally priced higher than non-view apartments.

    i have a separate kitchen so when i have guests we are not looking at the mess in the kitchen/livingroom during and after the meal. all of the apartments in my line are like this and there are several other lines with separate kitchens.

    the small windows are for the most part those in the top floor apartments….and many of those apartments have skylights.

    another thing…unlike many of the dumbo condos, i can open my windows during much of the year. my apartment is quiet and peaceful and full of natural air and i don’t have to use my HVAC unit day and night. my ceiling fans do the trick and my electric bills are low year round.

    there is a great variance in the configuration of the apartments….sometimes even w/i the same line. some appeal to me very much; others i wouldn’t touch w/ a pole.

    the maintenance is not high for a coop. all the building’s tax abatements, etc. have long ago expired so when you buy here you know what you’re getting. unlike many of the condos in the neighborhood, we will not see an immense (sometimes crippling) increase in our taxes down the line. the maintenance is c. 50% deductible.

    the building manager has a difficult style and some residents, including, increasingly, me, try to have little contact with him…which is easy as long as one is not trying to get over. and when the chips are down and one gets past the guy’s facade, the building manager will work hard with one to resolve legitimate problems. and if you’re still not happy (and not completely off the wall in your request), the board will deal with you.

    many of the people who complain about the manager are people who have found themselves wanting to do things (in renovations and otherwise) that are not allowed by the building rules.

    the board interview is usually short and sweet. the board does a thorough financial review to protect itself and the other owners from a defaulting tenant.

    the thick walls of my apartment are impervious to noise. they are made of 19th century ceramic brick — not wallboard — and clean up beautifully. not all apartments have them but many are really special because this is a one of a kind building.

    in my view, the apartment shown above was underpriced and whoever buys it is lucky. square footage isn’t everything.

  • Thanks for all the info Eagle Warehouse residents.
    Although I own a condo in Dumbo, I always admire that nice arch everytime I walk by the building. My family is outgrowing our current condo, and I like the solid castle/fortress appearance. My condo sway whenever the wind blows.

  • Thanks for all the info Eagle Warehouse residents.
    Although I own a condo in Dumbo, I always admire that nice arch everytime I walk by the building. My family is outgrowing our current condo, and I like the solid castle/fortress appearance. My condo sway whenever the wind blows.

  • Hi all,

    I’m wondering about the fire codes in the building. Are there multiple stairs/sprinkler systems installed? Curious due to the architecture.

    I’m looking in the area and this building certainly intrigues me!

  • Hi all,

    I’m wondering about the fire codes in the building. Are there multiple stairs/sprinkler systems installed? Curious due to the architecture.

    I’m looking in the area and this building certainly intrigues me!

  • Sophie – It is a class 1 fireproof building with spinklers in the common spaces and standpipes in each of the two stairwells.

  • Sophie – It is a class 1 fireproof building with spinklers in the common spaces and standpipes in each of the two stairwells.

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