According to a Brownstoner post today, a three-bedroom apartment in DUMBO “used to be the real estate equivalent of a total eclipse or Halley’s Comet: Rare.” Now, there is an unusually high number of three-bedroom units available. Real estate agents also noted a general slowdown of high-priced two and three-bedrooms sales in DUMBO. Halstead agent Terrence LeRay told Brownstoner that “this slowdown may be economy related, election related, concerns over P.S. 8 or a combination thereof.” While new construction has added to the newly available inventory, both LeRay and Brown Harris Stevens agent Elizabeth Lind Johnson said they believe owners of existing units may also be selling due to concerns over all of the new construction slated to begin in the area.
Anyone in the market for a $3 million to $5 million unit in DUMBO?