If you’ve got a spare $7 million burning a hole in your pocket, this classic loft building in Dumbo could be all yours. The current owner already has BSA approval to convert the 20,000-square-foot building to residential or mixed use and to add another 5,000 square feet of penthouse space. So is $300 a foot market value for essentially raw space in Dumbo? We’ve got no idea, but this is exactly the kind of building we’d want to live in if we were to go back to loft living. The one drawback, in our opinion, is the lack of water views that many of the larger buildings in the area have.
192 Water Street [Massey Knakal] GMAP