REAL ESTATE • FOUND Development
Stepping onto the sizable terrace of Penthouse A at the new development Olympia Dumbo on a recent warm Friday afternoon, two thoughts came to mind. One: this is one of NYC’s best views, sweeping from Brooklyn Heights and New York harbor, across the downtown Manhattan skyline, then up the East River. And two: cooking at the grill tucked against the edge on one side of the balcony (above) would be a uniquely vertigo-inducing experience.
This week, the developer dropped the price on this four-bedroom, 3.5 bath apartment from $17.5M to $15M. It’s not the only recent adjustment at Olympia Dumbo: Penthouse B got chopped from $19.5M to $17.5M and then de-listed this week, per Streeteasy, while further downstairs (the two bedroom) unit 23D trimmed its ask from $3.5M to $3.25M. Still, we’re told the building is now 60% sold, up from 50% when we last checked in back in fall 2023. And — for the buyer who must — the private ground-level garage is still available, asking $1M.
→ 30 Front Street #PHA (Dumbo) • 4BR/3.5BA, 4266 SF sponsor unit • Ask: $15M • Developer: Fortis • Sales: Douglas Elliman Development Marketing with Jessica Peters Team and Eklund Gomes Team, and Heyman Team at Sotheby’s.