Magnolia DUMBO: Amenity-rich rental near Brooklyn waterfront begins leasing with up to 2 months free

By CityRealty Staff | From Brooklyn Thursday, January 13, 2022

All renderings of Magnolia DUMBO via Williams New York

At 1.1 million square feet and spanning a full city block, 85 Jay Street is DUMBO’s largest residential development. The condos dubbed Front & York comprise 408 units and are situated at 85 Jay Street, while the rental component, Magnolia DUMBO, comprises 320 units and is situated at 160 Front Street. Both share a historically inspired design by Morris Adjmi Architects, a prime DUMBO location, a 77,000-square-foot Life Time Fitness outpost, and a 23,000-square-foot private park designed by Michael van Valkenburgh, of Brooklyn Bridge Park fame.

The development is also home to another superlative: When RXR Realty entered contract to buy the rental component for $220 million in April 2021, it was the largest deal of its kind in recent years, and during the pandemic no less. The sale recently closed, and leasing has launched at Magnolia DUMBO, so named for the trees lining its colonnade entrance.

“We never had any doubt that our city would come back better and stronger, and we put our money where our mouth is” - Scott Rechler, Chairman and CEO, RXR Realty

Current availabilities start at $3,511/month for studios, $3,584/month for one-bedrooms, and $6,375/month for two-bedrooms. All prices are net effective to reflect special offers ranging from one month free rent on a 12-month lease to two months free rent on a 24-month lease. CityRealty listings show only 39 apartments for rent in DUMBO (Magnolia DUMBO among them) with a median rent of $3,530/month for studios, $4,487/month for one-bedrooms, and $6,375/month for two-bedrooms.

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All units have interiors designed by Morris Adjmi Architects and feature:

Ceilings up to 10 feet high
Warehouse-style sound attenuating windows
Kitchens with Bosch appliances
Generous closet space
Baths with custom vanities and lighting
In-unit washer/dryers

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Extensive amenity offerings include:

Attended lobby
RXO Home app allowing residents to pay rent, reserve amenities, and make maintenance and cleaning requests
23,000-square-foot private park
Game room with billiards table and large-screen console
Indoor Magnolia Lounge
Terrace Lounge with outdoor fireplace
Outdoor pool deck with spectacular skyline and Manhattan Bridge views
77,000-square-foot Life Time Fitness outpost with cardio and conditioning floor, indoor pool, basketball court, spa, and cafe

Condo interiors via CIM/LIVWRK

Those who’d rather buy can look to Front & York. Current availabilities range from $955K for a one-bedroom to $4.51 million for a three-bedroom penthouse with a wraparound terrace. Select units open up to private terraces, and all condos feature kitchens with Gaggenau appliances and primary baths with marble stone and radiant heated floors. Condo amenities include a media lounge, music room, game room, children's playroom, chef's kitchen, and wine room.

The development is located in excellent proximity to Brooklyn Bridge Park, Jane’s Carousel, Empire Stores, Powerhouse Books, and St. Ann’s Warehouse. Brooklyn-based coffee roaster Devocion signed a lease for retail space on the corner of York and Jay Streets in the building, and opening is estimated for spring 2022. In the meantime, dining and coffee options include Time Out Market, Celestine, Cecconi’s, Grimaldi’s, Butler, and the original Jacques Torres location. The York Street F train, High Street A/C trains, DUMBO ferry, and bike lanes on the Manhattan and Brooklyn Bridges allow for no shortage of ways to get around.

Featured DUMBO Rental Listings

Magnolia DUMBO Leasing

Magnolia DUMBO Leasing
Magnolia DUMBO
New York, NY 10019

(929) 501-XXXX

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In this article:

“We never had any doubt that our city would come back better and stronger, and we put our money where our mouth is” - Scott Rechler, Chairman and CEO, RXR Realty

Waterbridge 47, 47 Bridge Street, #2A | $4,250

J Condominium, 100 Jay Street, #30B | $4,350

99 Gold, 99 Gold Street, #4M | $4,495

70 Washington Street, #PHR | $7,500

The Clocktower Building, 1 Main Street, #12E | $8,500

70 Washington Street, #12R | $9,500

This is your member's center

In this article:

“We never had any doubt that our city would come back better and stronger, and we put our money where our mouth is” - Scott Rechler, Chairman and CEO, RXR Realty

Waterbridge 47, 47 Bridge Street, #2A | $4,250

J Condominium, 100 Jay Street, #30B | $4,350

99 Gold, 99 Gold Street, #4M | $4,495

70 Washington Street, #PHR | $7,500

The Clocktower Building, 1 Main Street, #12E | $8,500

70 Washington Street, #12R | $9,500

Magnolia DUMBO Leasing

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