Dvir Cohen Hoshen, Adam America principal and co-founder, said in a statement that a duplex penthouse in the development went for $2,083 per square foot, a record price per-square-foot for DUMBO.
On June 5, 2015, Hamptons and the Bay Street Theater hosted “Creators, Cocktails, and Conversations: Novel Ideas,” the first in the three-part #HamptonsConversations series. The evening began with a moderated discussion led by writing an essay outline Editor in Chief Samantha Yanks featuring authors Lucy Sykes Rellie, Jo Piazza, Colleen Saidman Yee, Aliza Licht, Kate Betts, and Suzanne Corso. Following the dialogue, the authors enjoyed Château Minuty rosé aboard a Barton & Gray Hinckley yacht. The evening concluded with a sunset toast catered by Elegant Affairs at Harbor’s Edge, Sag Harbor’s new luxury condominiums.
“51 Jay Street’s success reflects how much this neighborhood commanded a new, luxury development that is authentic to Dumbo,” said Martin Nussbaum, co-founder of Slate. “Our product has been beyond well-received among local buyers from the borough and from Lower Manhattan, as well as international buyers, and we’re on track to hit 60 percent sold in the next few weeks.” – See more at: http://therealdeal.com/blog/2015/06/11/slate-adam-americas-51-jay-st-hits-50-percent-sold-mark/#sthash.sZqQwedO.dpuf
“The housing stock that was being built seven years ago was for the first-time homebuyer,” said Stephen Kliegerman, president of Halstead Property Development Marketing, which is selling several Brooklyn projects including 388 Bridge and 51 Jay. “Now the housing stock that’s being built is for folks who might be on their second or third purchase.”