Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
173 WATER Street
Interested in this property?

$4,995,000

173 WATER Street

DUMBO, Brooklyn

MLS® #RLS20091938

RLS at REBNY

Listing by Douglas Elliman Real Estate

4

Bedrooms

3

Baths

N/A

Sq. Ft.

2014

Year Built

Quick Summary

Bedrooms 4
Bathrooms 3
Lot Size 907.56 sq ft
Year Built 2014
Ownership None
Property Taxes $13,788/yr
Parking Garage (1)
Neighborhood DUMBO
Floor 1 of 4

Property Highlights

  • Views: Other
  • Fireplace: 1 fireplace
  • Climate Control: Central Air

Property Details

Type Single Family Residence
Ownership None
Total Rooms 7
Baths 3 Full
Floor 1 of 4
View Other
Cooling Central Air
Pets Yes
Year Built 2014
Parking Garage Available (1 spaces)
Parking Features Assigned, Garage
Structure Type Townhouse
Basement Other
Lot Size 907.56 sq ft
Parcel # 00030-0102
Block/Lot 01824/0016

Listing History

Event Date Price Change
Listed May 5, 2026 $4,995,000 -
Currently May 18, 2026 $4,995,000 -

Description

Designer's Dream DUMBO Townhome

This extraordinary townhome represents a rare opportunity to own a truly one-of-a-kind residence in one of New York City's most iconic waterfront neighborhoods. One of only five independent townhomes, this award-winning passive townhouse offers a remarkable blend of contemporary design, privacy, and luxury living in the heart of DUMBO.

Spanning six levels and 18 feet wide, this architecturally significant residence features four bedrooms, three full bathrooms, two fireplaces, two private outdoor spaces, and the ultimate city luxury: a private covered parking space set on a remote-controlled rotating turntable for effortless entry and exit directly from your back door.

The homes entry level offers a versatile bedroom, den, or home office alongside a full bathroom, creating an ideal guest suite with direct access to the private garage.

The dramatic parlor floor is designed for exceptional entertaining, featuring soaring 20-foot ceilings, a mezzanine overlook, a striking open concept staircase, and a wall of wall-to-wall windows that flood the space with natural light. The living room centers around a gas fireplace, while the chef's kitchen showcases a top-of-the-line custmo design complete with premium Miele appliances, gas and electric cooktops, vented exhaust, dishwasher, refrigerator, expansive custom wood cabinetry, generous countertops, center island, and a unified dining area. This is the prefect space for entertaining or for everyday living.

Sliding glass doors open seamlessly to a beautifully designed terrace with built-in gas grill creating the perfect indoor/outdoor living experience.

Above, a mezzanine media lounge overlooks the entertaining level before leading to the luxurious full-floor primary suite. This serene retreat features wide plank white oak flooring, a gas fireplace, skylight, custom-fitted dressing room, and a spa-inspired bath with double vanity, dual shower heads, freestanding soaking tub, and radiant heated floors.

The fourth floor offers two additional bedrooms, a shared full bathroom, and a thoughtfully designed laundry room with full-size washer and vented dryer.

Crowning the home is a private sun-drenched roof terrace with glass railings and covered outdoor kitchen area, offering breathtaking views of the Manhattan Bridge, East River, Brooklyn Bridge Park, and the Downtown Manhattan skyline - an ideal setting for entertaining, gardening, or sunset cocktails.

Completed in 2015, the DUMBO Townhouses were designed with energy-efficient building systems, triple-glazed windows and doors, central heating and cooling, radiant heated bathroom floors, and a fully equiped smart home system featuring remote video intercom access and locking capabilities from anywhere in the world.

All conveniently located moments from Brooklyn Bridge Park, Empire Stores, Jane's Carousel, St. Ann's Warehouse, acclaimed restaurants, cafés, shopping, the A/C/F subway lines, NYC Ferry, and everything DUMBO has to offer.

With exceptionally low carrying costs - monthly taxes under $1,200 and a $100 per month charge for garage maintenance, this home is not to be missed.

Features & Amenities

Interior Features

Smoke Free Washer Hookup In Unit Fireplace (1)

Exterior Features

Private Outdoor Space Over60 Sqft

Building Amenities

Green Building

Appliances

Washer Dryer Allowed

Building Information

Building Data View Compliance & Permits
Total Units 1
Stories 4
Structure Townhouse

Financial Details

RE Taxes $13,788/yr ($1,149/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

19

Median Asking Price

$2.33M

Median $/Sqft

$1,803

Avg Days on Market

N/A

New This Week

1

Price Reduced

26%

Sold (30 Days)

5

Median Sale Price

$2.31M

Live data from RLS at REBNY • Updated 5/18/26, 1:54 PM EST

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Location

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173 WATER Street, DUMBO, Kings County

Building Information

Official NYC property records for this building

2014
Year Built
12 years old
4
Floors
1
Residential Units
M1-4/R8A
Zoning District
One Family Dwellings Historic District: DUMBO Historic District

Tax & Assessment

Assessed Value: $300,600
Land Value: $189,660
Exemptions: $0

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

Lot Area: 907 SF
Building Area: 3,469 SF
Built FAR: 3.82
Allowed FAR: 6.02

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 annual property tax is $13,788, or roughly $1,149 per month. Verify the current assessment with your attorney before closing.

This property has 4 bedrooms and 3 full bathrooms.

According to MLS records, the building was constructed in 2014, making it approximately 12 years old.

This listing is None

Pets are permitted at this property. Contact the listing broker for weight limits or breed restrictions.

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: RLS20091938
First Listed: 5/18/2026
On Market: 5/5/2026
Price Changed: 5/18/2026
Contract Date: 5/5/2026

Listing Courtesy of Douglas Elliman Real Estate - Kaila Rhubright

Listing Contact: (941) 404-9236

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.

Buyer Notice: Planning to work with a buyer's broker? A Buyer Representation Agreement is required before your broker can show you properties, per REBNY/UCBA guidelines (effective 2025). You may attend open houses independently without one.

RLS at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 5/18/2026 at 5:54 PM UTC

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