Talk about turning water into wine. While skyrocketing prices in Dumbo have made it the priciest nabe in the borough to buy a condo, the market for rooftop space has also been climbing, reports The Daily News. When Two Trees Management decided to build 22 rooftop cabanas at 70 Washington Street and sell them separately from the apartments below, no one could have guessed that one of them would ultimately sell for $325,000, the price one recently traded for. In addition to the river views, buyers get ipe wood flooring a fence and, well, that’s about it.
Cabana Craze Hits the Roof [NY Daily News] GMAP