Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
205 Water Street #PH-N

For Sale · Listing by EXP Realty NYC

205 Water Street #PH-N

Dumbo, Brooklyn

$7,495,000

Interested in this property?
Active For Sale • Condo

$7,495,000

$2,998 per sq ft

205 Water Street #PH-N

Dumbo, Brooklyn

MLS® #RLS20126229

RLS at REBNY

Listing by EXP Realty NYC

3
Bedrooms
2.5
Baths
2,500
Sq. Ft.
2011
Year Built

Quick Summary

Bedrooms 3
Bathrooms 2 full, 1 half
Living Area 2,500 sq ft
Year Built 2011
Ownership Condo
HOA/Common Charges $5,141/mo
Property Taxes $45,636/yr
Parking Garage
Neighborhood Dumbo
Floor 9 of 9

Property Highlights

  • Views: City, River
  • Exposure: East,North,South facing
  • Outdoor Space: Terrace, Balcony, Rooftop

Property Details

Type Condo
Ownership Condominium
Total Rooms 6
Baths 2 Full, 1 Half
Floor 9 of 9
View City, River
Exposure East,North,South
Cooling Central Air
Pets Yes
Cross Street Jay Street/Bridge Street
Year Built 2011
Living Area 2,500 sq ft
Parking Garage Available
Architectural Style Loft
Block/Lot 0031/1265

Listing History

Event Date Price Change
Listed Nov 11, 2026 $7,495,000 -
Currently Nov 12, 2026 $7,495,000 -

Description

Bjarke Ingels's Own DUMBO Penthouse: Three Bedrooms, Four Terraces, Deeded Parking Included PHN at 205 Water Street is the penthouse Bjarke Ingels bought for himself and spent a decade making his own. The architect behind VIA 57 West, The Spiral and One High Line could have lived anywhere in New York. He chose DUMBO, on the cobblestones, a short walk from Brooklyn Bridge Park and the water. The result is a three-bedroom, two-and-a-half-bath penthouse with more than 2,500 square feet of interior space and approximately 2,344 square feet of private outdoor space across four terraces. In total that's close to 5,000 square feet to live in, inside and out. Light comes in from four sides. From the terraces you look out over the East River, the Manhattan and Brooklyn Bridges and the downtown skyline. Walls of glass and the double-height volume give the whole place a feeling of air and openness you rarely get in the city. It feels more like a house on the roof than an apartment. The main level is built around a double-height living room that opens onto an approximately 16' x 36' terrace. It's big enough for a long dinner table, a lounge area and real planting. The kitchen, in patinated metal, and the dining area sit alongside it, with 16-inch-wide Dinesen plank floors, exposed concrete and loft-scale volume throughout. Two bedrooms, a den and generous storage complete the floor. The primary suite has a level of its own, with large closets and a private terrace. Above it, Ingels created a home office that opens onto roof gardens and more terraces. They give you places to garden, to work outside in summer, and to get away from the rest of the household. Ingels designed for how people actually move through a home. The sightlines, the storage and the flow between inside and out were all thought through by the person who lived there. A deeded parking space is included in the sale. You enter it from the cobblestones through a corten-steel wall, and parking like this is close to impossible to find in DUMBO. 205 Water Street is a LEED Gold, full-service condominium with a 24-hour attended lobby, live-in super, fitness center, media lounge, bike room, cold storage and shared outdoor space. The F train at York Street, the A/C at High Street and the DUMBO ferry are all a short walk away, as are the park, the waterfront, and the neighborhood's restaurants and galleries.

Features & Amenities

Interior Features

Dining Area Building Washer Dryer Install Allowed In Unit

Exterior Features

Building Storage Building Courtyard Building Garden Balcony Building Roof Deck Private Outdoor Space Under60 Sqft Terrace Balcony Rooftop

Building Amenities

Elevators

Appliances

Dryer Washer

Building Information

Financial Details

Common Charges $5,141/mo
RE Taxes $45,636/yr ($3,803/mo)

DUMBO (Down Under the Manhattan Bridge Overpass) sits between the Brooklyn and Manhattan Bridges along the East River waterfront, with a 95-building historic district of converted industrial warehouses. The housing market features spacious loft residences with exposed brick and high ceilings alongside modern luxury condominiums with skyline and waterfront views, served by the F train at York Street and the A and C at High Street. Brooklyn Bridge Park stretches along the waterfront with piers, playgrounds, and Jane's Carousel.

Dumbo Live Market Data

View Neighborhood

Active Listings

38

Median Asking Price

$2.30M

Median $/Sqft

$1,660

Avg Days on Market

N/A

New This Week

2

Price Reduced

29%

Sold (30 Days)

4

Median Sale Price

$1.57M

Live data from RLS at REBNY • Updated 11/12/26, 9:39 AM EST

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Location

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205 Water Street #PH-N, Dumbo, Kings County • Near Jay Street/Bridge Street

Building Information

Official NYC property records for this building

2010
Year Built
16 years old
9
Floors
65
Residential Units
M1-4/R7A
Zoning District
Condominiums Historic District: DUMBO Historic District

Tax & Assessment

Assessed Value: $14,296,017
Land Value: $1,221,770
Exemptions: $4,937,928

Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.

Lot Area: 21,740 SF
Building Area: 82,761 SF
Built FAR: 3.81
Allowed FAR: 4

Source: NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning (data.cityofnewyork.us)

Want help estimating ownership costs or understanding building compliance? Let's discuss

Frequently Asked Questions

Common questions about this property

The current listed common charges are $5,141 per month. Confirm the exact amount with Milton Coste before making an offer.

The current listed annual property tax is $45,636, or roughly $3,803 per month. Verify the current assessment with your attorney before closing.

This property has 3 bedrooms and 2 full bathrooms and 1 half bathroom.

The listed interior living area is 2,500 square feet. Verify dimensions independently during due diligence.

According to MLS records, the building was constructed in 2011, making it approximately 15 years old.

This listing is a condominium. Buyers receive a deed to their individual unit and own their space outright, subject to condo association rules.

Pets are permitted at this property. Contact Milton Coste for weight limits or breed restrictions.

At the current list price of $7,495,000 for 2,500 sq ft, the asking price per square foot is approximately $2,998. This figure is for reference only and may differ from appraised or assessed values.

To schedule a private showing, contact Milton Coste at (917) 416-7433 or [email protected]. Per REBNY guidelines effective 2025, a Buyer Representation Agreement is required before a buyer's broker can show you properties. You may attend open houses independently without one.

Have a question not answered here?

(917) 416-7433
MLS® ID: RLS20126229
First Listed: 11/11/2026
On Market: 11/11/2026
Contract Date: 10/28/2026

Listing Courtesy of EXP Realty NYC - Irene S Lo

Listing Contact: (917) 257-0700

Listing information for certain New York City properties provided courtesy of the Real Estate Board of New York's Residential Listing Service (the "RLS"). The information contained in this listing has not been verified by the RLS and should be verified by the consumer. The listing information provided here is for the consumer's personal, non-commercial use. Retransmission, redistribution or copying of this listing information is strictly prohibited except in connection with a consumer's consideration of the purchase and/or sale of an individual property. This listing information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2026 The Real Estate Board of New York, Inc., all rights reserved. This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.

Broker Commission Disclosure: Broker commissions are not set by law and are fully negotiable.

How working with a buyer's agent works: I work for you, not the seller. Before I show you anything, New York brokerage rules ask us to put that in writing: an agreement and a disclosure that say I work for you and negotiate on your behalf. The agreement is non-exclusive: you can work with other agents, it runs for a short fixed term we agree on, and you can end it with a note. You may attend open houses independently without an agreement. Read how it works

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 11/12/2026 at 2:39 PM UTC

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Milton Coste - NYC Real Estate Broker

Milton Coste

Licensed Real Estate Associate Broker

Keller Williams NYC

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Sale history, taxes, violations and comps for this unit

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Dumbo Market Update

4 sales last 30 days · $2.30M median · 9.5 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Condo Neighborhood Dumbo Borough Brooklyn
County Kings
Floor 9 of 9
Year Built 2011
First Listed 11/11/2026
Parking Garage
Style Loft
Living Area 2,500 sqft
Common Charges $5,141/mo
Annual Tax $45,636

Monthly Costs Estimate

Down Payment 20%

$1,499,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Common Charges $5,141
Est. Taxes $3,803
Total Monthly $0

Estimates only. Consult a lender for exact figures.

Mansion tax applies at this price point

New York State charges the buyer a mansion tax on residential purchases at $1,000,000 or more. At this asking price the tier is $5M to $9,999,999 at 2.25%, applied to the whole purchase price. It is due in cash at closing and cannot be financed.

Estimated mansion tax at asking

$168,638

Run the numbers on a different offer price

Estimate based on the asking price. Confirm your own obligation with your real estate attorney.

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You're contacting Milton Coste, a buyer's agent. Before any private showing, New York brokerage rules require a short non-exclusive agreement. Milton walks you through it before you sign anything. Broker commissions are not set by law and are fully negotiable. How working together works.

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