For Sale · Listing by Corcoran Group
171 WATER Street
DUMBO, Brooklyn
$5,250,000
171 WATER Street
MLS® #RLS20126784
Listing by Corcoran Group
Open House Scheduled
Sunday, November 15 • 11:00 AM – 12:30 PM
REBNY 2025: signed Buyer Representation Agreement required before any showing.
- 4
- Bedrooms
- 3
- Baths
- 3,229
- Sq. Ft.
- 2014
- Year Built
Quick Summary
Property Highlights
- Views: Other
- Outdoor Space: Deck, Patio, Rooftop
- Fireplace: 1 fireplace
Property Details
Listing History
| Event | Date | Price | Change |
|---|---|---|---|
| Listed | Nov 13, 2026 | $5,250,000 | - |
| Currently | Nov 15, 2026 | $5,250,000 | - |
Description
Part of a collection of five contemporary homes designed and developed by Alloy, 171 Water Street is an 18-foot-wide townhouse with four bedrooms, three baths, two private outdoor spaces and a dedicated garage parking space accessible directly from the house. . Each townhouse in the collection sits on its own lot. The main level brings the kitchen, dining, and living areas together. The living room has a 20-foot ceiling, tall windows, and a fireplace. A terrace off the dining area provides space for outdoor dining, and the finished mezzanine overlooks the living room. The primary suite occupies its own floor and includes a fireplace, a walk-in dressing area, and a bath with dual sinks, a separate shower, and a freestanding tub. Two bedrooms share a full bath on the upper level, while a fourth bedroom and full bath are on the entry level. The owners replaced the HVAC system in full, built out the mezzanine, and installed Deltalight GYN fixtures throughout, adding lighting in several areas. The private roof terrace features TimberTech Vintage Collection decking and views toward the Manhattan Bridge. Brooklyn Bridge Park, the waterfront, and DUMBO's restaurants and shops are nearby.
Features & Amenities
Interior Features
Exterior Features
Building Amenities
Appliances
Building Information
Financial Details
About DUMBO
View All DUMBO ListingsDUMBO (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 NeighborhoodActive Listings
31
Median Asking Price
$1.90M
Median $/Sqft
$1,504
Avg Days on Market
N/A
New This Week
1
Price Reduced
35%
Sold (30 Days)
2
Median Sale Price
$1.60M
Live data from RLS at REBNY • Updated 11/15/26, 12:35 PM EST
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Location
171 WATER Street, DUMBO, Kings County
Floor Plans
Building Information
Official NYC property records for this building
Tax & Assessment
Note: Individual unit taxes may differ. Verify current tax bills with NYC DOF.
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
Listing Data
RLS® at REBNY (Real Estate Board of New York) via Trestle API. Updated in real-time.
Building Data
NYC PLUTO (Primary Land Use Tax Lot Output), NYC Department of City Planning. Updated quarterly.
Market Data
RLS® at REBNY (Real Estate Board of New York). Live data updated in real-time.
Map & Location
OpenStreetMap contributors via Leaflet. Geocoding via Nominatim.
All data is provided for informational purposes only and should be independently verified. See our Data Sources Policy for more information.
Frequently Asked Questions
Common questions about this property
The current listed annual property tax is $18,204, or roughly $1,517 per month. Verify the current assessment with your attorney before closing.
This property has 4 bedrooms and 3 full bathrooms.
The listed interior living area is 3,229 square feet. Verify dimensions independently during due diligence.
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 Milton Coste for weight limits or breed restrictions.
At the current list price of $5,250,000 for 3,229 sq ft, the asking price per square foot is approximately $1,626. 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) 416-7433Listing Courtesy of Corcoran Group - Michael Joseph Sarg
Listing Contact: (646) 894-2230
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 Data display by Keller Williams NYC. Data last updated on 11/15/2026 at 5:35 PM UTC
See it in person
Sale history, taxes, violations and comps for this unit
Before you bid
Pre-Offer Report: 171 WATER Street
At $5,250,000, the listing leaves out what decides the offer: the recorded sale history, the tax and abatement picture, open building violations and permits, and the closed sales that set the price. Milton prepares the report from public records. No obligation.
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What happens next
- 1Milton emails you today.
- 2A short call about what you want and when.
- 3The agreement arrives electronically after the call. Then showings.
Your info is secure and never shared.
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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Quick Facts
Monthly Costs Estimate
$1,050,000
Source: Freddie Mac PMMS
Est. Monthly Payment
$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
$118,125
Estimate based on the asking price. Confirm your own obligation with your real estate attorney.
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