DUMBO, which is an acronym for Down Under the Manhattan Bridge Overpass, used to be a lively industrial and manufacturing zone, full of large factories and warehouses. These buildings have now been converted into expansive lofts, residential apartments, theaters, galleries, and office spaces for start-up companies. These larger residential spaces in Brooklyn are attractive to families and creative artists and writers who need space to dream and create.

DUMBO has 60 apartments at an average of $1,623 per square foot for sale.  The median sales price for an apartment for sale in DUMBO is $1,277,000.  This is $18,000 less than a year ago.  With 52 apartments for rent in DUMBO, a 1 Bedroom apartment will set you back between $3,950 and $4,995. Click here to read more about DUMBO, Brooklyn.