Milton Coste

Licensed Real Estate Associate Broker

(917) 416-7433
171 WATER Street

For Sale · Listing by Corcoran Group

171 WATER Street

DUMBO, Brooklyn

$5,250,000

Interested in this property?

$5,250,000

$1,626 per sq ft

171 WATER Street

DUMBO, Brooklyn

MLS® #RLS20126784

RLS at REBNY

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

Bedrooms 4
Bathrooms 3
Living Area 3,229 sq ft
Lot Size 900 sq ft
Year Built 2014
Ownership None
Property Taxes $18,204/yr
Parking Garage (1)
Neighborhood DUMBO
Floor 1 of 4

Property Highlights

  • Views: Other
  • Outdoor Space: Deck, Patio, Rooftop
  • Fireplace: 1 fireplace

Property Details

Type Single Family Residence
Ownership None
Total Rooms 8
Baths 3 Full
Floor 1 of 4
View Other
Cooling Zoned
Pets Yes
Year Built 2014
Living Area 3,229 sq ft
Parking Garage Available (1 spaces)
Parking Features Assigned, Garage
Structure Type Townhouse
Basement Other
Lot Size 900 sq ft
Parcel # 00030-0002
Block/Lot 01824/0016

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

High Ceilings Smoke Free Storage Walk In Closets Washer Hookup In Unit Fireplace (1)

Exterior Features

Garden Private Outdoor Space Over60 Sqft Deck Patio Rooftop

Building Amenities

Green Building

Appliances

Dishwasher Washer Dryer Allowed

Building Information

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

Financial Details

RE Taxes $18,204/yr ($1,517/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

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

Similar Listings in DUMBO

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Location

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171 WATER Street, DUMBO, Kings County

Floor Plans

Floor Plan 1

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: $288,900
Land Value: $189,600
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 $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) 416-7433
MLS® ID: RLS20126784
First Listed: 11/13/2026
On Market: 11/13/2026
Price Changed: 11/13/2026
Contract Date: 11/13/2026

Listing 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 at REBNY

RLS Data display by Keller Williams NYC. Data last updated on 11/15/2026 at 5:35 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

2 sales last 30 days · $1.90M median · 15.5 months supply

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New listings in this neighborhood

Quick Facts

Status Active Type Single Family Residence Neighborhood DUMBO Borough Brooklyn
County Kings
Floor 1 of 4
Year Built 2014
First Listed 11/13/2026
Parking Garage (1)
Living Area 3,229 sqft
Annual Tax $18,204

Monthly Costs Estimate

Down Payment 20%

$1,050,000

Interest Rate Loading...

Source: Freddie Mac PMMS

Loan Term 30 years

Est. Monthly Payment

$0

Principal & Interest $0
PMI (under 20% down) $0
Est. Taxes $1,517
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

$118,125

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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