Small Wonder

Dumbo is cool, but is it $725,000 for a studio apartment cool?

This alcove studio at 100 Jay St. looks out on the Manhattan Bridge.

Corcoran

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Okay, so many people would probably balk at the prospect of laying out $725,000 for a studio apartment. That out of the way, this 582-square-foot Dumbo studio, #10J at 100 Jay St., has some things going for it.

For example, there's a stacked washer/dryer in a closet by the kitchen, two closets (including a walk-in), and a separate sleeping alcove, plus it's in a prime location, a block from the York Street F station. Many of the streets in Dumbo are paved with cobblestone and offer glimpses of the waterfront and lower Manhattan. Also, for perspective, the median price of apartments currently listed in Dumbo is $2,895,000.

The living area is small, but functional, with room for a TV area with a couch and a coffee table, as well as a diminutive dining table by a window, which looks out on the Manhattan Bridge. The slate gray walls and wood-plank floors look trim.

Across from the living space is a good-sized sleeping alcove big enough to hold what looks to be a full-sized bed, two night tables, and a dresser. If the building allow you to build a wall with a door just beyond the foot of the bed, you could create a real, separate bedroom here. If not, you could always add a bookshelf wall or some screens to carve out some privacy. 

The hardwood floors extend into the kitchen, which is also small, but serviceable, with black granite countertops, stainless steel appliances (including a dishwasher—not always a given in a studio), and a decent number of dark wood cabinets. It’s lacking a backsplash, so clean-up might be a bit of a pain.

The swanky-looking bathroom has limestone floors, a large vanity for toiletry storage, and white marble wall tiles with gray veining.

The apartment is in The Jay Condominium, a white-glove building with a 24-hour attended lobby, a garage with direct building access, a gym, a yoga room, a playroom, an entertainment room, a roof deck, and a terrace. Common charges are $422 a month, and taxes are just $9 a month thanks to a 421-a tax abatement that's in place until 2023.

The apartment is about five blocks from the pedestrian entrance to the Brooklyn Bridge. A massive, two-floor food hall was just announced for the Empire Stores on Dumbo's waterfront, to open later this year.