51 Jay Street #5K, New York City, NY 11201
Last updated:
Regis Roumila
Verified Member: REBNY · NAR
NYDOS LIC#: 10491211335
Property Overview
Property Details
Residence Features
Building Amenities
Sales Evidence
How this price compares
The median closed price for comparable condo one-bedroom sales in DUMBO is $1,095,000, based on 25 sales between October 2024 and July 2026. This home is asking $1,225,000, $130,000 above that median. The middle half of those sales closed between $975,000 and $1,322,500.
- Median closed price
- $1,095,000
- Middle half
- $975,000 – $1,322,500
- Based on
- 25 condo one-bedroom sales in DUMBO
- Period
- October 2024 – July 2026
- Median $/ft²
- $1,302/ft²
Across the 15 of these sales with a published asking price, the median closed at 95.4% of what it originally asked. 100% of them closed below the original ask.
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
- Sold vs original ask
- 95.4% of the original ask
- Closed below ask
- 100% of 15 sales
- Listed → in contract
- 96 days (about 14 weeks)
- In contract → closed
- 67 days (about 10 weeks)
Across the 15 of these sales with a published asking price, the median closed at 95.4% of what it originally asked. 100% of them closed below the original ask.
Half of these homes were in contract within 96 days (about 14 weeks) of coming to market, based on the 15 with a recorded listing date.
Once a deal was agreed, closing took a further 67 days (about 10 weeks), based on the 15 with both dates recorded.
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.
Based on 25 condo one-bedroom sales in DUMBO, October 2024 – July 2026. Each figure counts only the sales that recorded the dates it needs, which is why the denominators differ.
Price trend
Median sold price for condo and house one-bedroom sales in DUMBO, 2017 to 2026. The series is held to one bedroom count and one ownership type for the same reason: an unfiltered median tracks which apartments sold, not what they were worth.
| Year | Median sold price | Sales |
|---|---|---|
| 2017 | $1,075,000 | 33 |
| 2018 | $1,283,750 | 18 |
| 2019 | $1,043,500 | 18 |
| 2020 | $937,500 | 23 |
| 2021 | $935,000 | 52 |
| 2022 | $1,062,500 | 34 |
| 2023 | $1,227,900 | 14 |
| 2024 | $1,240,000 | 13 |
| 2025 | $1,116,946 | 14 |
| 2026 | $980,750 | 10 |
This building does not have enough sales with a recorded floor area to chart its own price per square foot, which is usual for a co-op. The series above follows comparable homes across DUMBO instead.
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.
Price and Property History for 51 Jay Street, Unit 5K
Review the recorded listing activity for 51 Jay Street, Unit 5K, including asking-price changes and prior market dates.
- Latest price change
- Reduced by $25,000, or 2%, on August 24, 2026
- Originally listed
- March 18, 2026 at $1,339,000
- Last sold
- $1,225,000 on August 25, 2026
| Date | Price | Listing event |
|---|---|---|
| $1,225,000 | Sold | |
| $1,225,000 | Asking price reduced by $25,000, or 2% | |
| $1,250,000 | Entered contract | |
| $1,250,000 | Asking price reduced by $89,000, or 6.6% | |
| $1,339,000 | Listed for sale by Compass |
Estimated Monthly Payment
Estimates only. Actual payments may vary. Confirm terms with your lender.
Neighborhood Context
Nearby Schools
* Distances are approximate line-of-sight metrics.
Location Context
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.