Community spotlight: Dumbo, Brooklyn

Renowned Brooklyn stomping ground is a hipster's dream on a Wall Street budget
  • Dumbo, located on the waterfront of Northwest Brooklyn, is eclectic and high-end at the same time.
  • One-bedroom units in Dumbo charged an average $4,568 in July, compared to Brooklyn’s overall one-bedroom rent of $2,738.
  • The median sales price in the second quarter for Northwest Brooklyn reached $985,000.

Just 20 years ago, the section of Brooklyn coined Dumbo was little more than an isolated manufacturing neighborhood — until local artists and young professionals saw potential and helped transform the neighborhood into the hip, exclusive market it is today.