The area now referred to as Dumbo, or Down Under the Manhattan Bridge Overpass, originally served as a ferry landing surrounded by industrial and warehouse buildings, and later as the mafia’s preferred body dumping ground. With the deindustrialization of New York City and Dumbo’s large loft spaces, it emerged as an attractive enclave for artists and creative professionals fleeing the shrinking spaces and increasing costs of Lower Manhattan. Today’s Dumbo, however, is virtually unrecognizable to its recent past. Tourists regularly cross its cobblestoned streets looking for the perfect true New York photograph, kids play on Jane’s Carousel, and real estate values are well in excess of most of Brooklyn, as well as many Manhattan neighborhoods, especially new development with river and skyline views. You will still find many loft buildings, both original and newly-developed, along with galleries and commercial space catering to TAMI tenants. While the streets have fewer cars and honking horns, be prepared for the rumble of the subway crossing the Manhattan Bridge overhead.
Late in the 20th Century, Two Trees Management bought up the majority of Dumbo real estate and executed a vision to remake it into an upscale residential and commercial community. Now, it is known as a highly-valued residential destination and a center for technology startups.
What We Love
Brooklyn Bridge Park including the Cliffs at DUMBO, cobblestone streets with old railway tracks running through them, Empire Stores, and the Brooklyn Ice Cream Factory.