--- title: "205 Water Street #PHN, New York City, NY 11201" description: "205 Water Street #PHN, New York City, NY 11201 — Dumbo, New York City, NY. Listing Price $7,495,000. 3 bed, 3 bath, 2,500 sqft Illustrative Buyer Commission Share of $112,425 at closing, based on a 3% buyer-broker commission." url: "https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11201/205-water-street-phn-ny-11201" source: "Real Estate Rebate Team" dateModified: "2026-11-11T15:43:15.775Z" status: "Active" --- # 205 Water Street #PHN, New York City, NY 11201 Dumbo, New York City, NY Courtesy of EXP Realty NYC Last updated: November 11, 2026, 10:43 AM ## At a Glance - **Listing Price**: $7,495,000 - **Beds**: 3 - **Total Baths**: 3 - **Sqft**: 2,500 - **Common Charges**: $5,141 / mo - **Monthly Taxes**: $3,803 / mo - **Price per Sqft**: $2,998 - **Brokerage Fee**: Share Eligible ## The Private Brokerage Advantage As an independent luxury buyer representative, Régis shares up to 50% of the buyer-side commission he actually receives on your purchase. Eligible buyers receive that Buyer Commission Share directly at closing to offset closing costs, down payments, or renovations. The figures below are illustrative, based on a **3% buyer-broker commission**; your share follows the commission offered on the transaction. - **Contract Purchase Price**: $7,495,000 - **Illustrative Buyer Commission Share**: -$112,425* - **Illustrative Net Cost**: $7,382,575 *Illustrative Buyer Savings of $112,425 — 50% of a 3% buyer-broker commission, shared at closing.* [Request a private tour](https://realestaterebatesnewyork.com/contact) · [Estimate your Buyer Commission Share](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) ## Property Overview Bjarke Ingels's Own DUMBO Penthouse: Three Bedrooms, Four Terraces, Deeded Parking Included PHN at 205 Water Street is the penthouse Bjarke Ingels bought for himself and spent a decade making his own. The architect behind VIA 57 West, The Spiral and One High Line could have lived anywhere in New York. He chose DUMBO, on the cobblestones, a short walk from Brooklyn Bridge Park and the water. The result is a three-bedroom, two-and-a-half-bath penthouse with more than 2,500 square feet of interior space and approximately 2,344 square feet of private outdoor space across four terraces. In total that's close to 5,000 square feet to live in, inside and out. Light comes in from four sides. From the terraces you look out over the East River, the Manhattan and Brooklyn Bridges and the downtown skyline. Walls of glass and the double-height volume give the whole place a feeling of air and openness you rarely get in the city. It feels more like a house on the roof than an apartment. The main level is built around a double-height living room that opens onto an approximately 16' x 36' terrace. It's big enough for a long dinner table, a lounge area and real planting. The kitchen, in patinated metal, and the dining area sit alongside it, with 16-inch-wide Dinesen plank floors, exposed concrete and loft-scale volume throughout. Two bedrooms, a den and generous storage complete the floor. The primary suite has a level of its own, with large closets and a private terrace. Above it, Ingels created a home office that opens onto roof gardens and more terraces. They give you places to garden, to work outside in summer, and to get away from the rest of the household. Ingels designed for how people actually move through a home. The sightlines, the storage and the flow between inside and out were all thought through by the person who lived there. A deeded parking space is included in the sale. You enter it from the cobblestones through a corten-steel wall, and parking like this is close to impossible to find in DUMBO. 205 Water Street is a LEED Gold, full-service condominium with a 24-hour attended lobby, live-in super, fitness center, media lounge, bike room, cold storage and shared outdoor space. The F train at York Street, the A/C at High Street and the DUMBO ferry are all a short walk away, as are the park, the waterfront, and the neighborhood's restaurants and galleries. ## Property Details - **Property Type**: Condominium - **Beds**: 3 - **Total Baths**: 3 - **Rooms**: 6 - **Sqft**: 2,500 sqft - **Stories**: 9 - **Year Built**: 2011 - **Price per Sqft**: $2,998 - **Common Charges**: $5,141 / Monthly - **Monthly Taxes**: $3,803 / mo - **Listed On**: Nov 11, 2026 - **Days on Market**: 1 Days ### Residence Features - Central Air - Building Washer Dryer Install Allowed - In Unit - Building Storage - Building Courtyard - Building Garden - Balcony - Building Roof Deck - Private Outdoor Space Under 60 Sqft - Dining Area - Den - Dryer - Washer - City - River ## Estimated Monthly Payment **$46,843 / month**, assuming a 20% down payment ($1,499,000), a 6.5% interest rate and a 30-year term. The page's calculator lets a buyer change all three. - **Principal & Interest**: $37,899 - **Property Taxes**: $3,803 - **Common Charges**: $5,141 Estimates only. Actual payments may vary. Confirm terms with your lender. ## Sales and market data ### Recent sales 7 apartments at 205 Water Street have recorded sales since November 2021, the most recent for $2,075,000 in February 2026. Prices are the figures recorded with the City, not asking prices. | Unit | Beds | Sq Ft | Sold Price | $/ft² | Sold | Source | | --- | --- | --- | --- | --- | --- | --- | | 2C (Apartment) | 2 | 1,286 | $2,075,000 | $1,614/ft² | February 3, 2026 | City record | | 7B (Apartment) | 3 | 1,641 | $2,843,381 | $1,733/ft² | November 14, 2024 | City record · MLS | | 7N (Apartment) | 1 | 806 | $1,230,000 | $1,526/ft² | May 16, 2023 | City record · MLS | | 5B (Apartment) | 2 | — | $1,730,000 | — | December 19, 2022 | City record · MLS | | 3K (Apartment) | 2 | 1,357 | $2,250,000 | $1,658/ft² | November 18, 2022 | City record · MLS | | 3-C (Apartment) | 2 | 1,315 | $2,125,000 | $1,616/ft² | July 18, 2022 | City record · MLS | | 7-FG (Apartment) | 4 | 2,778 | $4,875,000 | $1,755/ft² | June 15, 2022 | City record · MLS | Every row is a recorded transaction, including ancillary spaces such as storage and staff rooms where they were sold separately. Those are excluded from the benchmark below. ### How this price compares - **This home**: $7,495,000 - **Median sold price**: $2,625,000 - **Difference**: +$4,870,000 (+185.5%) - **This home, $/ft²**: $2,998 - **Median $/ft²**: $1,535 - **Comparable sales**: 13 - **Sales from**: November 2024 – August 2026 - **Middle half of those sales**: $2,365,000 – $2,950,000 Based on condo three-bedroom sales in DUMBO. This building has not had enough comparable sales of its own in the period to support a median, so the benchmark is drawn from DUMBO instead. ### How these sales were negotiated - **Sale-to-list price**: 93.4% (7 sales) - **Sold below asking**: 86% (7 sales) - **Typical time to find a buyer**: 82 days (8 sales) - **Typical time to close**: 82 days (8 sales) Based on condo three-bedroom sales in DUMBO with the required listing and closing data. Sample sizes vary by metric. These are two separate periods measured on different clocks — time to find a buyer, and time from agreed deal to closing. They are medians of different sets of sales and do not add together into a single "days on market" figure. ### Price trend Median price per square foot, sales at 205 Water Street | Year | Median $/ft² | Sales | | --- | --- | --- | | 2017 | $1,371/ft² | 12 | | 2018 | $1,592/ft² | 7 | | 2019 | $1,529/ft² | 3 (thin) | | 2020 | $1,496/ft² | 6 | | 2021 | $1,390/ft² | 5 | | 2022 | $1,658/ft² | 4 (thin) | Based on recorded sales at 205 Water Street. Years marked "thin" rest on fewer than 5 sales, where a single unusual apartment moves the median a long way. Read those points as the small samples they are rather than as the market turning. Annual median price per square foot is shown only for years with at least three qualifying recorded sales. Years with insufficient data are omitted. Sales data through August 2026. Sale prices are the consideration recorded with the City in ACRIS, and each sale is dated by the day the City recorded it. A closing date reported to the MLS typically falls one to two weeks earlier. Recorded sales describe what has already happened and are not an appraisal, a valuation, or an estimate of what this home will sell for. [See every recorded sale at 205 Water Street](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/205-water-street) ## About The Building ### 205 Water Street DUMBO · Condominium 205 Water Street, Brooklyn, NY 11201 A building in DUMBO, currently featuring 2 active listings. - **Year Built**: 2011 - **Active Units**: 2 - **Floors**: 9 [View the building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/205-water-street) ### Available Residences — For Sale (2) | Unit | Beds | Baths | Size | Price / Ft² | Price | Listing Office | Listed Date | Days on Market | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | [PHN](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11201/205-water-street-phn-ny-11201) | 3 | 2 | 2,500 sqft | $2,998 | $7,495,000 | EXP Realty NYC | Nov 11, 2026 | 1 days | | [7E](https://realestaterebatesnewyork.com/buy/newyorkcity/brooklyn/11201/205-water-street-7e-ny-11201) | 2 | 2 | 1,319 sqft | $1,816 | $2,395,000 | Compass | Sep 28, 2026 | 45 days | ## Potential NYC Second-Home Tax This property may be subject to New York City’s non-primary residence surcharge if it is not used as a qualifying primary residence. The surcharge is based on the NYC Department of Finance market value, not the listing price. [Estimate the Potential Surcharge](https://realestaterebatesnewyork.com/calculators/nyc-second-home-tax-calculator) ## DUMBO Overview of DUMBO [Explore DUMBO](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/dumbo) · [All Neighborhoods](https://realestaterebatesnewyork.com/neighborhoods) ### Nearby Dumbo - [Vinegar Hill real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/vinegar-hill) - [Downtown Brooklyn real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/downtown-brooklyn) - [Brooklyn Heights real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/brooklyn-heights) - [Two Bridges real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/two-bridges) - [Lower East Side real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/manhattan/lower-east-side) - [Navy Yard real estate for sale](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/navy-yard) ## Related Links - [205 Water Street — building page](https://realestaterebatesnewyork.com/buildings/new-york-city/brooklyn/205-water-street) - [DUMBO neighborhood guide](https://realestaterebatesnewyork.com/neighborhoods/new-york-city/brooklyn/dumbo) - [Estimate your Buyer Commission Share and closing costs](https://realestaterebatesnewyork.com/calculators/buyer-closing-cost-calculator) - [Contact Régis Roumila](https://realestaterebatesnewyork.com/contact) --- > RLS IDX Data display by Real Estate Rebate Team. This 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. IDX information is provided exclusively for consumers’ personal, non-commercial use and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. > All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer and the number of bedrooms listed is for informational purposes and is not a legal conclusion. Please consult with your own architect or engineer for exact dimensions and legal specifications.