The former manufacturing hub’s last waterfront site has been claimed…and transformed into a singular sightseeing platform

The dozens of former manufacturing buildings in Dumbo being either repurposed as residential/commercial space or otherwise marked for development represents one of the most unprecedented area reclamations since SoHo began its transformation from a manufacturing-centric neighborhood to condominiums and co-ops in the mid-1970s. The relatively early-stage nature of this evolution is most plainly evident in the fact that Dumbo—once the heart of machinery, paper box, and Brillo soap pad making in the borough—still has barely less than 2,000 full-time residents. That figure, however, is expanding daily, boosted most recently when this considerable development at One John Street was unveiled in early fall. The building hit the headlines earlier this year when Alloy Development listed the largest home there for $8.8 million ($2,400 per square foot), one of the most expensive condo units ever placed for sale in the borough.

Entirely within Brooklyn Bridge Park, the 12-story structure has the enviable distinction of being the last waterfront development site in the neighborhood, and as such offers an extraordinary range of perspectives (all 42 of its homes offer river views), with amenities that include a 24-hour doorman, a gym designed by no less than Manhattan’s La Palestra, and a common roof deck with landscaping, along with a Brooklyn Children’s Museum art annex.

Construction began in the summer of 2014, and was completed in late summer. The majority of units are under contract already, though at least 10 are still listed, from a $3.76 million 2,400-square-foot, three-bedroom, three-bath residence on the sixth floor…to just over $7 million for a 2,994-square-foot, four-bedroom, four-bath penthouse.

In a novel and community-minded plan, most of the revenue from the building (including taxes) will go towards the funding of Brooklyn Bridge Park Corporation, the organization that will manage the city park of the same name. (Similar plans have been offered to harvest the revenue from 1 Brooklyn Bridge Park, along with a hotel and condominium project at the Pier 1 site.)

The condominium seen here, 10B, currently listed for just over $5.2 million, is on the building’s prime northwest corner, with views of not just the park and the river itself, but the Manhattan skyline. Its 2,500 square feet include three bedrooms and 3.5 baths (10-foot ceilings throughout), with amenities like a double-island kitchen equipped with Gaggenau appliances, a wall of integrated Italian cabinetry by RiFRA, a Bosch dishwasher, vented hood, and wine fridge. The master suite offers stone mosaic floors and an en suite with freestanding tub and double shower. There is plank flooring throughout, along with a washer and gas-vented dryer room, plus windows that are oversized to the point of high theater. Estimated mortgage payment would be roughly $19,000 per month.

1 John Street
For appointments, contact Tara Mrowka at 718.683.3049
onejohnst.com