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Inside Dumbo's First Houses, Now Available for $4.1M Apiece

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Dumbo's first townhouses, at 55-57 Pearl Street (aka 169 Water Street), were referred to by one Landmarks Commissioner as "a little landmark in the making" and just hit the market (pre-construction) for $4.1 million each. The five identical houses, brought to you by Alloy, Dumbo's residential developer of the moment, will share a common facade made primarily of a super-concrete called ductal, allowing them to fit into the neighborhood's industrial landscape. And even though they're not the classic brownstones that everyone in the borough is clamoring for, Alloy's recent Dumbo success, combined with the current demand for Brooklyn townhouses, indicates that the question is not if these places will sell, but how quickly.

Each 18-foot-wide, five-story house features four beds and three baths, as well as private parking, a private roof deck, and 20-foot ceilings on the parlor level, made possible by a third story mezzanine which is like a little second living room on top of the first living room.


· Listing: 169 Water Street [Sotheby's]
· Previous 55-57 Pearl Street coverage [Curbed]