A former industrial building converted to residential lofts, 66 Water Street is a five story rental property with 23 apartments in DUMBO. Known as Dumbo Lofts and owned by Two Trees, it dates to the early 20th century and retains the broad proportions and materials of its original commercial architecture.
The landmarked red brick façade has an ornate dark cast iron ground floor, cross tie backs, and a low rise presence on a cobblestone street. A free form English style garden is part of the property, with landscaping by James Corner Field Operations. The building also sits beside the newer 60 Water Street development, another Two Trees project.
At 66 Water Street, apartments are shaped by open loft plans, hardwood floors, oversized windows, and exposed wood beams, including beams made from late 19th century Pacific Northwest timber. The layouts are unusually spacious for one bedroom homes, generally ranging from about 1,400 to more than 1,850 square feet, with home office or den areas that recur across the larger residences. Ceilings reach 15 feet in some apartments, while three bedroom layouts are described as rare. Kitchens typically have stainless steel appliances and granite counters, and in unit laundry is common; some apartments have views toward New York Harbor and Lower Manhattan.
Building services include resident storage, a bike room, a package room, a live in superintendent, and a shared garden, with pets permitted. Ground floor retail includes a Jacques Torres outpost, while Empire Stores, Time Out Market, St. Ann's Warehouse, Brooklyn Bridge Park, Jane's Carousel, and the East River waterfront are directly outside or across the surrounding cobblestone streets.
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Two Trees Management, founded by David Walentas in 1968, is a family-owned Brooklyn real estate firm known for transforming industrial waterfront neighborhoods like DUMBO and Williamsburg into vibrant mixed-use communities with amenity-rich rental apartments.
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