The following six condos are new to the Dumbo Brooklyn market for the week of February 17-26, 2013. Four of them are 102 Gold Street condos:

• 02/23/2013: [In contract] 102 Gold St, #6F (Corcoran), $589,000 ($861/sf), $348/mo cc, $14/mo tax (15-year 421A tax abatement), 684sf, 1 bed, 1 bath
• 02/21/2013: 42 Main Street #4C (Halstead), $925,000 ($880/sf), $850/mo cc, $37/mo tax, 1050sf, 1 bed, 2 bath
• 02/20/2013: 70 Washington Street, #11V (Halstead), $1,425,000 ($974/sf), $528/mo cc, $80/mo tax (15-year 421A tax abatement), 1,463sf, 2 bed, 2 bath
• 02/19/2013: 102 Gold St, #4F (Corcoran), $485,000 ($741/sf), $333/mo cc, $13/mo tax (15-year 421A tax abatement), 654sf, 1 bed, 1 bath
• 02/19/2013: 102 Gold St, #1R (Corcoran), $895,000 ($706/sf), $645/mo cc, $26/mo tax (15-year 421A tax abatement), 1,267sf, 1 bed, 1.5 bath
• 02/23/2013: 102 Gold St, #5F (Corcoran), $495,000 ($756/sf), $334/mo cc, $13/mo tax (15-year 421A tax abatement), 654sf, 1 bed, 1 bath

102 Gold Street:

70 Washington Street, #11V:

42 Main Street, #4C:

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The following four condos are new to the Dumbo Brooklyn market for the week of January 20 – 28, 2013:

• 01/23/2013: 100 Jay Street #6J (Corcoran), $475,000 ($816/sf), $350/mo cc, $10/mo tax (J-51 Abatement expires in 2023), 582sf, 1 bed, 1 bath
• 01/23/2013: 85 Adams Street #6B (Corcoran), $719,000 ($848/sf), $718/mo cc, $23/mo tax (J-51 Abatement expires in 2023), 847sf, 2 bed, 1 bath
• 01/23/2013: 100 Jay Street #28A (Sotheby’s), $2,100,000 ($1,227/sf), $1,184/mo cc, (J-51 Abatement expires in 2023), 1,711sf, 3 beds, 2.5 baths
• 01/24/2013: 79 Bridge Street #4I (Rutenberg Realty), $775,000 ($824/sf), $439/mo cc, $1/mo tax (J-51 Abatement expires in 2014), 940sf, 1 bed, 1 bath

(100 Jay Street #6J)

100 Jay Street has 6 active listings averaging $1,050 per square feet, and has 300 recorded sales at $861 per square feet. This “junior one bedroom” is one of the most affordable units in Dumbo. This will probably sell within a month, according one broker we spoke to.

(85 Adams Street #6B)

This condo has two bedrooms with 10 foot ceilings and asking $719k. It was last sold in August 2010 for $635k according to city records. Per listing: “This spacious home displays a gracious living room plus a smartly designed 2nd BR/guest room, facing south both the main living and master bedroom get a vast amount of light.”

(100 Jay Street #28A)

The best feature of this spacious condo is the view overlooking lower Manhattan and the two bridges. This is a legal 3 bedroom currently used as a 2 bedroom apartment. But that view!

(79 Bridge Street #4I)

“This loft is graced with beautiful white oak hardwood floors throughout, oversized double pane windows and original brick walls.” Condo board approval required.

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Since our last New to Market post on December 10, there’s only been one new condo on the market, this penthouse unit at 57 Front Street. Brokers tell us that there’s less than 15 units on the market, a very low inventory. According to Streeteasy, there are 18 listings (several of these may be pending, which may be the difference between the number we were given), with a median price of $1,119,500, median size of 1,191 ft² (median price per ft²: $875).

This 57 Front Street unit was on the market back in November 2010 for $1.4million and January 2008 for $1.795million. NYC records didn’t indicate a sale in 2010 or 2008.

It’s now listed for $1,350,000, monthly maintenance is $744, and tax is $227. (Elliman). The listing says it is “investor friendly, this apartment currently commands $6K per month in rental income. Offering one of DUMBO’s largest private roof garden terraces, all 830 square feet are adorned with a stunning variety of mature Japanese maples & cherry blossoms, spruces, English topiaries & heirloom fragrant roses, plus outdoor dining and chaise lounge seating that allows for comfortable repose, creating a sanctuary all your own.” This is a beautiful apartment, with a lot of outdoor space, but with only one bedroom, it may be perfect for a bachelor or couple.

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The following two condos are the latest to the Dumbo Brooklyn market:

• 11/29/2012: 70 Washington Street #8C (Halstead), $1,197,500 ($974/sf), $409/mo cc, $44/mo tax (J-51 Abatement expires in 2018), 1,229sf, 2 bed, 2 bath
• 11/26/2012: 70 Washington Street #6U (Tarlin Realty), $1,185,000 ($984/sf), $389/mo cc, $64/mo tax, 1204sf, 2 bed, 2 bath

(70 Washington Street, #8C)

Unit 8C in 70 Washington has been owned by one owner since the building’s conversion in 2006. We’re told by realtors (not the brokers offering this unit) that the 8th floor+ of this east view in Dumbo is ‘protected’, so the morning light will always be bright and the “sunset light is reflected by the glass of 100 Jay Street”. Ok, that’s good.

(70 Washington Street, #6U)

Unit 6U was previously listed by owner in August for $1,175,000. There’s another unit with the same floorplan on the 10th floor on the market for $1,075,000 since October.

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Happy Thanksgiving Dumbo! The following four condos are new to the Dumbo Brooklyn market for the week of November 12 – 18, 2012:

• 11/13/2012: 1 Main Street #9C (Corcoran), $1,495,000 ($1,255/sf), $656/mo cc, $468/mo tax (J-51 Abatement expires in 2012), 1,191sf, 1 bed, 1.5 bath
• 11/16/2012: 50 Bridge Street #418 (Corcoran), $820,000 ($700/sf), $374/mo cc, $2/mo tax, 1170sf, 3 bed, 2 bath
• 11/18/2012: 133 Water Street #9A (Brown Harris Stevens), $725,000 ($851/sf), $811/mo cc, $27/mo tax, 851sf, 1 bed, 1 bath
• 11/18/2012: 133 Water Street #11D (Brown Harris Stevens), $725,000 ($875/sf), $835/mo cc, $28/mo tax, 828sf, 1 bed, 1 bath

(1 Main Street #9C)

This unit has been relisted, previously offered in July 2012 for $1,695,000. “This view with 180 degrees of jaw-dropping East River” has one bedroom, one bath, laundry room, and the view. There’s a similar floorplan unit on the market on the 12th floor for $1,475,000, $20k less than this 9th floor unit.

(50 Bridge Street #418)

“True Lofts in DUMBO/Vinegar Hill. Embedded structural columns, an eleven (11) foot ceiling, and oversized windows define this configurable two 2-bathroom floorplan. The main space has been carved into a bedroom, a home office, and den. The large eat-in kitchen is separate from the central living space.”

(133 Water Street #9A)

133 Water Street converted from rentals to condos in April. According to Streeteasy, there are 14 recorded sales averaging $817 per square feet (not all units have been released to market) and 3 are in contract.

(133 Water Street #11D)

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The following two condos are new to the Dumbo Brooklyn market for the week of October 8 – 14, 2012:

• 10/13/2012: 100 Jay Street #6F (NY Casa Group), $479,000 ($907/sf), $320/mo cc, 528sf, 0 bed, 1 bath
• 10/12/2012: 70 Washington Street #10U (Two Trees), $1,075,000 ($892/sf), $407/mo cc, $60/mo tax, 1,204sf, 2 bed, 2 bath
• 10/12/2012: 70 Washington Street #11B (Two Trees), $1,075,000 ($869/sf), $425/mo cc, $62/mo tax, 1,236sf, 2 bed, 2 bath
• 10/12/2012: 70 Washington Street #3G (Two Trees), $1,465,000 ($843/sf), $674/mo cc, $99/mo tax, 1,737sf, 3 bed, 3 bath
• 10/09/2012: 70 Washington Street #5J (Sotheby’s), $1,080,000 ($887/sf), $485/mo cc, $70/mo tax, 1,217sf, 1 bed, 1 bath

(100 Jay Street, #6F)

This studio apartment is currently one of three studios on the market in Dumbo. The other two are also in J Condo (#10J for $489,000 and #4J for $499,000). Rentals are going for $2,350. The same layout in another unit (#8F) sold for $435,000 on 7/27/2012.

(70 Washington Street, #10U)

There is another unit with the same layout on the market (#6U) for 1,175,000 (we previously listed it.)

(70 Washington Street, #11B)

(70 Washington Street, #3G)

This corner unit 2+home office condo is 1,737 square feet at $843 per square feet, which is lower by approximately $100 per square feet compared to recent sales for units with the same layout. (This one is on a lower floor).

(70 Washington Street, #5J)

From the listing: “Spacious, pristine, beautiful mint condition loft is perfect for entertaining. This 1,217+/- SF home has a huge living/dining room with soaring 11ft +/- ceilings. Beautiful sunsets, downtown Manhattan and Brooklyn Bridge views from oversized windows. Open chef’s kitchen is state of the art with stainless SubZero, Viking and Thermador appliances.”

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The following two condos are new to the Dumbo Brooklyn market for the week of September 30 – October 7, 2012:

• 10/05/2012: 100 Jay Street #9E (Corcoran), $680,000 ($850/sf), $537/mo cc, $14/mo tax, 800sf, 1 bed, 1 bath
• 10/06/2012: 84 Front Street #9C (Corcoran), $995,000 ($815/sf), $875/mo cc, $160/mo tax, 1220sf, 2 bed, 2 bath

(100 Jay Street, #9E)

This one bedroom apartment features 9’4″ ceilings with a balcony facing north. J Condo is a 33 story building with 267 apartments, built in 2007. As a reference point, E line apartments have been renting betwen $3,000 – $3,300 per month. There have been 292 recorded sales for an average of $857 per square feet.

(84 Front Street, #9C)

This 2 bedroom condo includes a balcony and was also listed for rental in May 2012 for $3,900. There have been 74 recorded sales for an average of $765 per square feet.

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The following three condos are new to the Dumbo Brooklyn market for the week of September 24-30, 2012:

• 9/25/2012: 28 Old Fulton Street #4B – Fulton Ferry Landing (Dalazar), $1,550,000 ($861/sf), $1,477/mo cc, 1800sf, 2 bed, 2 bath
• 9/26/2012: 133 Water Street #10B (Brown Harris Stevens), $959,000 ($902/sf), $914/mo cc, $31/mo tax, 1063sf, 2 bed, 2 bath
• 9/26/2012: 133 Water Street #6C (Brown Harris Stevens), $595,000 ($817/sf), $642/mo cc, $22/mo tax, 728sf, 1 bed, 1 bath
• 9/28/2012: 70 Washington Street #7F (Douglas Ellian), $725,000 ($1,021/sf), $262/mo cc, $15/mo tax, 710sf, 1 bed, 1 bath

(28 Old Fulton Street, #4B)

This spacious coop unit in the 1894 Eagle Warehouse building has corner exposures with Manhattan, the East River and the Brooklyn Bridge views. The landmarked building has 85 units and is across the street from Grimaldi’s pizza. Per the listing, this unit is “fully renovated, this beautiful home boasts a state-of-the art open kitchen, a 16′x34′ living/dining replete with custom designed and hand crafted wood cabinet around a built-in stereo system, an amazing home office and a custom designed library/guest room.”

(133 Water Street, #10B)

“Enjoy amazing water views from this high floor two bedroom/two bath apartment with private terrace in prime DUMBO…The master bedroom has two closets and an extremely large ensuite bathroom, complete with two Scarabeo sinks, a rich wood vanity and both a stall shower and separate Vitabath Venetian soaking tub. A second bedroom is a generously sized with a double-doored closet. Both bedrooms enjoy partial East River views.”

(133 Water Street, #6C)

Unit #7C (same layout) sold on August 13, 2012 for $605,000. Since 133 Water Street converted from rentals to condos in April, 5 have sold, 7 are on the market, and one in contract.

(70 Washington Street, #7F)

According to Streeteasy, in the past few months, other units with the same layout rented for $3400, $3450, and $3500 per month. According to city records, F line have sold between $600-690k in the past. 7F has views of Cadman Park, city-quiet windows, and 25+feet of dining/living room.

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The following condo is new to the Dumbo Brooklyn market for the week of September 16-23, 2012:

• 9/20/2012: 133 Water Street #4A (Brown Harris Stevens), $899,000 ($799/sf), $956/mo cc, 1124sf, 2 bed, 2 bath

(133 Water Street, 4A)

133 Water Street converted from rentals to condos in April. According to Streeteasy, 5 have been sold to-date (not all units have been released to market) and 3 are in contract. A two bedroom sold for $873,000 (unit #3B, which is slightly smaller 1,057sqft than unit #4A).

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The following condos are new to the Dumbo Brooklyn market for the week of August 18-26, 2012:

• 8/27/2012: 70 Washington Street #6U (FSBO), $1,175,000 ($975/sf), $389/mo cc, 1204sf, 2 bed, 2 bath
• 8/20/2012: 70 Washington Street #7P (Elliman), $725,000 ($1,026/sf), $281/mo cc, 706sf, 1 bed, 1 bath
• 8/18/2012: 70 Washington Street #5K (Sotheby’s), $1,285,000 ($824/sf), $623/mo cc, 1560sf, 2 bed, 2 bath

(70 Washington Street, 6U)

This is a for sale by owner listing. According to city records, a December 2005 purchase date of $941k was recorded.

(70 Washington Street, 7P)

This one bedroom condo is on the market by the original owner (according to NYC.gov records). They purchased from the sponsor in October 2006 for $655k. If you’re looking to rent a comparable sized one bedroom in the building, the going rate is approximately $3,500.

(70 Washington Street, 5K)

This condo faces Brooklyn Bridge. 6K (same layout one floor above) rents for $6,600, according to Streeteasy.com. 5K was last sold in January 2007 for nearly $1.15M, according to NYC records.

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