51 JAY Street #5H, New York City, NY 11201
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From $975,000 on
Regis Roumila
Verified Member: REBNY · NAR
NYDOS LIC#: 10491211335
Property Overview
SUNNY SOUTHERN EXPOSURE DUMBO LOFT STUDIO LARGE CUSTOM SLEEPING ALCOVE HIGH CEILINGS IN UNIT WASHER AND DRYER PARKING AVAILABLE TAX ABATEMENT THROUGH 2032
INDUSTRIAL HERITAGE MEETS MODERN DESIGN
Once home to Ben Forman & Sons, a factory producing silverware and metal housewares, 51 Jay Street celebrates DUMBO's rich industrial history. Converted into a luxury condominium by award winning architectural firm ODA New York, this distinctive building pairs authentic warehouse character with thoughtfully designed interiors and full service amenities.
Ideally located on one of DU...
Property Details
Residence Features
Building Amenities
Estimated Monthly Payment
Estimates only. Actual payments may vary. Confirm terms with your lender.
Sales and market data
Recent sales
16 apartments at 51 Jay Street have recorded sales since October 2021, the most recent for $1,265,000 in October 2026. Prices are the figures recorded with the City, not asking prices.
| 3NApartment | 1 | 866 | $1,265,000 | $1,461/ft² | October 1, 2026MLS |
|---|---|---|---|---|---|
| 5KApartment | 1 | 894 | $1,225,000 | $1,370/ft² | August 25, 2026MLS |
| PHBApartment | 4 | 2,973 | $5,650,000 | $1,900/ft² | March 18, 2026City record · MLS |
| 5JApartment | 3 | 1,757 | $2,365,000 | $1,346/ft² | February 25, 2026City record · MLS |
| 3DApartment | 2 | 1,382 | $1,848,500 | $1,338/ft² | December 19, 2025City record · MLS |
| 5DApartment | 2 | 1,382 | $1,830,000 | $1,324/ft² | October 29, 2025City record · MLS |
| 4/LApartment | 2 | 1,287 | $1,649,000 | $1,281/ft² | September 12, 2025City record · MLS |
| 4SApartment | Studio | 665 | $995,000 | $1,496/ft² | June 26, 2025MLS |
| 4HApartment | Studio | 623 | $935,300 | $1,501/ft² | June 17, 2025City record |
| 1RApartment | 3 | 2,421 | $3,250,000 | $1,342/ft² | October 16, 2024City record · MLS |
| 4OApartment | 3 | 1,664 | $2,100,000 | $1,262/ft² | October 3, 2024City record · MLS |
| 2AApartment | 2 | 1,433 | $2,250,000 | $1,570/ft² | October 26, 2023City record |
| 4MApartment | 2 | 1,395 | $1,950,000 | $1,398/ft² | May 24, 2023City record · MLS |
| 5HApartment | 1 | 664 | $1,040,000 | $1,566/ft² | May 17, 2022City record · MLS |
| 3-NApartment | 1 | 866 | $1,265,000 | $1,461/ft² | February 4, 2022City record · MLS |
| PHEApartment | 4 | 3,016 | $5,500,887 | $1,824/ft² | October 25, 2021City 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
- $949,000
- Median sold price
- $1,091,500
- Difference
- -$142,500 (-13.1%)
- Median $/ft²
- $1,306
- Comparable sales
- 26
- Sales from
- Oct 2024 – Aug 2026
Based on condo one-bedroom sales in DUMBO.
More market data
- Middle half of those sales
- $975,000 – $1,301,875
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
- 95.5%
- Sold below asking
- 100%
- Typical time to find a buyer
- 91 days
- Typical time to close
- 67 days
Based on condo one-bedroom sales in DUMBO with the required listing and closing data. Sample sizes vary by metric.
Price trend
Median price per square foot, sales at 51 Jay Street
| Year | Median $/ft² | Sales |
|---|---|---|
| 2017 | $1,569/ft² | 47 |
| 2018 | $1,441/ft² | 9 |
| 2019 | $1,521/ft² | 9 |
| 2021 | $1,467/ft² | 4Thin |
| 2025 | $1,331/ft² | 4Thin |
Based on recorded sales at 51 Jay 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.
Sales data through October 2026.
Sale prices and dates are based on NYC ACRIS records. MLS closing dates may differ. Historical sales are not an appraisal or valuation of this property.
Price and Property History for 51 JAY Street, Unit 5H
Review the recorded listing activity for 51 JAY Street, Unit 5H, including asking-price changes and prior market dates.
- Latest price change
- Reduced by $26,000, or 2.7%, on October 1, 2026
- Originally listed
- September 8, 2026 at $975,000
- Current asking price
- $949,000
- Last sold (recorded)
- $1,040,000 on May 17, 2022
| Date | Price | Listing event |
|---|---|---|
| $949,000 | Asking price reduced by $26,000, or 2.7% | |
| $975,000 | Listed for sale by Serhant | |
| $1,040,000 | Sold — recorded sale price | |
| $1,040,000 | Entered contract | |
| $1,040,000 | Asking price reduced by $35,000, or 3.3% | |
| $1,075,000 | Listed for sale by Sotheby's International Realty, Inc. | |
| $965,000 | Sold | |
| $965,000 | Listed for sale by Halstead dba Brown Harris Stevens Residential Sales LLC |
Property Tax History
Taxes at 51 JAY Street #5H were $1,035 in 2026.
| Year | Tax Assessment | Land | Additions | Billable Value | Property Tax | Tax Rate |
|---|---|---|---|---|---|---|
| 2026FY 2026/27 | $100,956 | $2,949 | $98,007 | $100,956 | $1,035 | 12.5%Estimated |
| 2025FY 2025/26 | $99,567 | $2,949 | $96,618 | $99,567 | $1,035 | 12.5%Estimated |
| 2024FY 2024/25 | $95,901 | $2,949 | $92,952 | $95,901 | $1,035 | 12.5% |
| 2023FY 2023/24 | $85,696 | $2,949 | $82,747 | $85,696 | $1,035 | 12.502% |
| 2022FY 2022/23 | $72,280 | $2,949 | $69,331 | $72,280 | $1,016 | 12.267% |
| 2021FY 2021/22 | $62,048 | $2,949 | $59,099 | $62,048 | $1,013 | 12.235% |
| 2020 | The City did not publish assessment data for this year. | |||||
| 2019 | The City did not publish assessment data for this year. | |||||
| 2018FY 2018/19 | $53,240 | $2,949 | $50,291 | $50,499 | $1,044 | 12.612% |
| 2017FY 2017/18 | $19,604 | $2,949 | $16,655 | $15,491 | $1,053 | 12.719% |
The City has not published the official FY2026/27 and FY2025/26 tax rates yet. We calculated the tax for those years using the prior year’s rate, so treat them as an estimate rather than a figure the City has adopted. Every rate without the Estimated marker is the published one.
Tax Assessment is the assessed value on the City’s roll, and it is the figure other listing sites publish. It is not what the bill is calculated on. New York phases assessment changes in gradually for some tax classes, so the City bills the Billable Value shown beside it, less any exemption the owner holds. It usually trails the assessment, and it can sit above it for a few years after an assessment falls.
Figures are the New York City Department of Finance assessment roll for tax lot 3000311461. Assessed and billable values are determined by the City for tax purposes and are not an appraisal or an estimate of market value. Tax classes and rates are set annually and can change.
About The Building
51 Jay Street
51 Jay Street, Brooklyn, NY 11201
A building in DUMBO, currently featuring 4 active listings.
Interested in 51 Jay Street?
Consult Régis for private buyer guidance, off-market opportunities, building financials, board package requirements, closing costs, and potential Buyer Savings.
In the Neighborhood
Nearby Schools
* Distances are approximate line-of-sight metrics.
Map
DUMBO
Overview of DUMBO
DUMBO (Down Under the Manhattan Bridge Overpass) is iconic. For buyers seeking DUMBO real estate, it is luxury lofts. Living in DUMBO is cinematic. As a Brooklyn NYC neighborhood, it is tech-forward.Real Estate
Homes for sale in DUMBO are expensive lofts.Lifestyle
The lifestyle is high-end and touristy.Transportation
F/A/C trains and Ferry.Amenities
Brooklyn Bridge Park.Best For
Luxury seekers.
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.