DUMBO: now home to 98 Front’s LEED-certified luxury condos. Today, this neighborhood is seen as one of the best in the city for investing in real estate. But that wasn’t always the case. According to The Brooklyn Ink, in the 1970s, you could buy a square foot of land in DUMBO for under six dollars. Property values began to rise in the 1980s and really got going in the 90s with tech booms, as savvy buyers fully realized that DUMBO possessed a unique character – as well as a special proximity to downtown Manhattan. In 2020, DUMBO is the place to buy an apartment, settle down, and even start a business.
Today, younger, upwardly mobile professionals are happily moving into apartments across DUMBO; they love it for its green spaces, like Brooklyn Bridge Park, where you can laze on the grass by the waterfront and enjoy skyline views of Manhattan. Younger family members will appreciate the charmingly vintage Jane's Carousel (it's just $2 a ride), while the more adventurous can take to the waters in a kayak, courtesy of Brooklyn Bridge Park Boathouse. Days in the park are best finished with a scoop of Pavlova or Gorilla Biscuits at Dumbo Gelato.
Culture & Cuisine
Street artists like Shepard Fairey helped breathe new life into the neighborhood, and alfresco art galleries are everywhere you look. Check out DUMBO Walls for works by a variety of artists, established and fresh. Other great galleries in the area include contemporary photography space Klompching Gallery and Minus Space, which is an advocate of reductive abstract art. An undoubted highlight of the area is its flea market, which pitches up by the Manhattan Bridge Archway each Sunday (April-October). Here, you can score everything from vintage threads to antique maps. Food has also come a long way in DUMBO: these days, you can indulge in superb pork chops at Vinegar Hill House, grab a slice of coal oven-baked pie at Juliana’s Pizza, and round it off with artisan chocolate bonbons from Jacques Torres.
A Great Business Environment
The neighborhood's rebirth was kickstarted in no small way by tech booms of the 1990s, and cutting-edge industries have been setting up shop here ever since. Esteemed technology and design partner Work & Co is based in DUMBO, as are wellness-based digital media setup mindbodygreen, online marketplace Etsy, ticket-selling platform Songkick, and a host of other brands that have either made it big or are about to. Move to DUMBO, and your company could be next. No wonder this has become one of the most sought-after neighborhoods for ambitious young professionals in NYC.
Schedule your appointment today and envision your future at 98 Front!