A LEED-certified, midrise condo reminiscent of DUMBO’s industrial past
Strolling down the historic cobblestone streets of DUMBO, 205 Water Street is easy to miss. Blending in with the industrial-chic neighborhood in which it resides, the LEED Gold-certified building may seem austere, but its interiors certainly are not. Designed by S9 Architecture, the exposed, polished concrete facade features vertical window slats on the lower floors, before progressing to oversized, glass block windowpanes, keeping in continuity with the 19th-century warehouse style of the area’s past. Just beyond the entrance, the lobby is a mix of the same aesthetic — with a touch of Brutalism and angular wall cuts — mirroring the exterior’s cool concrete, but with pops of burnished gold and wooden accents. In fact, the accent wall just behind the 24-hour concierge desk is clad in reclaimed wood from the Coney Island Boardwalk. On the same floor, towards the interior courtyard, a concrete walkthrough lined with colorful string sculptures adds a sense of playful modernity to the intentionally stark area, while ferns planted right into the flooring signal the exit to the small, outdoor space. It’s hard to imagine this building anywhere else but Brooklyn’s DUMBO, as if the stark palette is almost self-aware in its hipsterism. The residential interiors, however, veer on the classic side, with large, airy open layout concepts, leaving room for creative personalization.
65 spacious, light-filled, eco-friendly units
Inside the residences, buyers can find wide, white oak flooring, 10-foot ceilings and concrete accent walls that juxtapose the oversized, double-glazed windows designed to minimize street noise. As a LEED Gold-certified building, over 40 percent of the construction material used was made from recycled content and over half were locally sourced within 500 miles of the building site. Buyers can expect streamlined, open kitchens outfitted with quartzite countertops, wine fridges and integrated Bosch, Sub-Zero and Thermador appliances. Although they vary from unit to unit, bathrooms are generally clad in Carrara marble or Italian porcelain — some with a chiseled stone accent wall — as well as deep soaking tubs and walnut vanities. For those lucky enough to snag a penthouse, they typically include large, private outdoor terraces with views of the surrounding skyline.
Pricing is on par with the surrounding area
When the building first came to market in the mid-aughts, units were quickly sold out — especially since many units listed for under $1 million. Today, however, prices have dramatically increased, but are in line with the rest of the NYC market, and just under the median home price of $3.5 million in DUMBO proper. Buyers can expect studios ranging between $799,000 to $1.1 million, and in recent years, one-bedrooms ranging between $995,000 to $1.3 million. Two-bedrooms typically run between $1.6 million to $2.1 million, while three-bedrooms generally start at $3 million. Four-bedrooms, although rare, can garner around $5 million.
Limited amenities and small outdoor spaces Neighborhoods
Although it’s a perk for all, the second-floor common terrace is a bit bland, with just a small couch area and weather-beaten dining set, signifying that it may be time for renovation since the building was fully realized in 2012. Still, residents have open-air views of the skyline and a spot to soak in the sun. The fitness center is fairly large, with all the expected equipment, including a Peloton, but it’s not a sun-drenched luxury gym like one may find in newer developments. Residents also have access to a live-in super and fully attended lobby, as well as a media lounge.
A scenic, historic neighborhood known for its Insta-worthy photo-ops
DUMBO, an acronym for “Down Under the Manhattan Bridge Overpass,” has seen a surge in newcomers in recent years, especially given the popularity of nearby Brooklyn Bridge Park and proximity to Manhattan. This historic area is generally quieter than other ultra-hip Brooklyn neighborhoods, especially at night, but on the weekends, residents can expect visitors flocking to its sights and photo-ops under the Manhattan Bridge. Just a few blocks from the building, residents can visit Pebble Beach along the East River and continue walking to reach both Jane’s Carousel (which dates back to 1922 and is listed on the National Register of Historic Places) and Brooklyn Bridge Park, which regularly hosts concerts, film screenings and pop-up markets. Dining is a bit more limited compared to other neighborhoods, but there are still a few Italian eateries and cafes, like Love & Dough and Fontainhas, respectively. For transportation, the F train is located two blocks away at the York Street station, and the A and C trains can be accessed at the High Street station, which is roughly a 10-minute walk.
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Quantarium
Current List Price
Sold Price
Area Factors
Low Crime
Crime Score®
3/ 10
Very Bikeable
Bike Score®
89/ 100
Walker's Paradise
Walk Score®
94/ 100
Rider's Paradise
Transit Score®
100/ 100
Sources: WhatIsMyCrimeRisk.com, Walk Score
Sources: WhatIsMyCrimeRisk.com, Walk Score
WhatIsMyCrimeRisk.com, Powered by CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks. Walk Score® measures the walkability of any address. Transit Score® measures access to public transit. Bike Score® measures the bikeability of any address.
Sound Score® measures the noise level of any address. Environmental risk data is provided by First Street Foundation® and is designed to approximate risk and not intended to include all possible scenarios.
Parks in this Area
Susan Smith McKinney Steward Park
3 min walk
Playground
Maritcha R. Lyons Park
4 min walk
Trails
Playground
Trinity Park
10 min walk
Picnic Area
Trails
McLaughlin Park
10 min walk
Baseball/Softball
Basketball
Playground
Hillside Dog Park
10 min walk
Dog Park
Picnic Area
Cadman Plaza Park
10 min walk
Picnic Area
Trails
Events
Brooklyn Bridge Park
11 min walk
Squibb Park
12 min walk
Basketball
Tennis
Playground
Commodore Barry Park
14 min walk
Baseball/Softball
Basketball
Football
Schools
Source:
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