With architecture inside and out by the renowned Morris Adjmi Architects, and a name that nods to the beautiful tree-lined colonnade entrance on Front Street and York Street, the property will be exclusively leased by Douglas Elliman Marketing Group.
The introduction of rental residences in the sought-after neighborhood couldn’t come at a better time in the market, as inventory is an a historic low and prices continuing to rise. Douglas Elliman just released their rental market reports today, revealing that net effective median rent reached its fourth-highest rate on record for the month of December.
Epic, divided light windows offering views of the Private Park or historic DUMBO, are a defining characteristic of each apartment home. Where beauty meets convenience. Moments from the waterfront park, less than a minute by the subway, Magnolia DUMBO is encircled by an iconic tree-lined promenade.
Residents at Magnolia DUMBO will have access to over 100,000 square feet of amenities space across three levels, including the largest private park in DUMBO, a 23,000 square foot interior park designed by Michael Van Valkenburgh.
The Magnolia Club also includes a rooftop pool and resort deck with iconic bridge and skyline views, a Game Room, with billiards and large screen console, a Terrace Lounge with its signature outdoor fireplace, and the Magnolia Lounge, ideal for private entertaining.
They will also have access to onsite Life Time™ Fitness, the largest fitness destination in Brooklyn, which includes an indoor pool with full-service spa, a full-size indoor basketball court, expansive fitness floor with multiple movement studios, and a full-service café. Source by Magnolia DUMBO and images Courtesy of Optimist Consulting.