Brooklyn's Crown Jewel: The $19.5M Penthouse at Olympia DUMBO Redefines Luxury Living

Brooklyn has officially claimed its spot at the pinnacle of luxury living with the unveiling of its most expensive condominium. Penthouse B at Olympia DUMBO has hit the market at an eye-watering $19.5 million, offering an unparalleled living experience in one of New York City's most dynamic neighborhoods.

Photo Credit: Pavel Bendov

A Residence Above All Else

Perched atop the 32nd floor of the sail-like Olympia DUMBO, Penthouse B spans a full 4,928 square feet, with five bedrooms, four-and-a-half baths, and a private 552-square-foot terrace boasting breathtaking views of the Brooklyn Bridge, Manhattan skyline, and New York Harbor. Designed by Interior Marketing Group, the home masterfully balances tone, texture, form, and scale.

Arriving via a private elevator to a dedicated landing, residents are greeted by a formal foyer and gallery that lead to sun-drenched living and dining areas. The Workstead-designed kitchen is both a functional and aesthetic triumph, tucked away for privacy but no less luxurious, featuring Fior di Bosco stone, raked maple cabinetry, and Gaggenau appliances.

The primary suite, with double walk-in closets and a seven-fixture bathroom, offers unparalleled comfort. Dual showers, a freestanding soaking tub, and a dedicated dressing area create a space as functional as it is opulent.

Olympia DUMBO: Redefining the Neighborhood

Developed by Fortis Property Group and designed by Hill West Architects, Olympia DUMBO is a 33-story tower that stands as a testament to modern design and innovation. The building, which is already over 50% sold, offers 76 meticulously crafted residences starting at $1.75 million, ranging from one-bedroom homes to expansive penthouses like Penthouse B.

Residents enjoy a host of world-class amenities spread across three floors. From indoor and outdoor pools to NYC’s highest private outdoor tennis court, a fitness center curated by GRONK Fitness, and even a juice bar, Olympia DUMBO provides a lifestyle of unparalleled convenience and luxury. Families will appreciate the shipwreck-themed playground and water park, ensuring that the youngest residents are as delighted as the adults.

A Celebrity Magnet

Olympia DUMBO has already attracted a roster of high-profile residents, including Joe Jonas, Brooklyn Nets star Ben Simmons, and Oscar-winning songwriting duo Kristen Anderson-Lopez and Robert Lopez. With its prime location, stunning views, and an array of luxury features, it’s easy to see why this building is a beacon for the elite.

Related: NYC's Elite Residences: Top Buildings Where Celebrities Live

Industry Experts Weigh In

“With breathtaking panoramic views that stretch from harbor to skyline, meticulously curated design, and unparalleled privacy, this penthouse redefines what it means to live in Brooklyn,” says John Gomes of the Eklund | Gomes Team at Douglas Elliman.

Karen Heyman of Sotheby’s International Realty highlights the penthouse’s unique kitchen layout, which seamlessly integrates functionality and style: “This penthouse takes a different approach, tucking the kitchen away while still preserving an open, airy feel and stunning views.”

Interior Marketing Group designer Katherine Anderson describes the penthouse as a space where every detail tells a story. “Each room invites a tactile experience, balancing grandeur with intimacy. From the plush upholstery to the curated accessories, every element enhances the views and soaring window heights, making it both visually captivating and effortlessly livable.”

A New Standard for Brooklyn

For years, DUMBO has been synonymous with industrial charm and artistic flair, defined by its historic loft conversions. But Olympia DUMBO raises the bar, ushering in a new era of modern luxury living that rivals Manhattan’s most iconic properties.

As Jessica Peters of The Jessica Peters Team at Douglas Elliman puts it: “The elevator opens directly onto your private floor and into a beautifully designed atrium. Soaring ceilings and natural light from three exposures make every moment in this home feel like being on top of the world.”

The Final Word

With its perfect blend of modern design, unparalleled amenities, and breathtaking views, Penthouse B at Olympia DUMBO is not just a home—it’s a lifestyle. For those who demand the best in Brooklyn and beyond, this $19.5 million penthouse stands alone as the borough's ultimate living experience.

For inquiries, Penthouse B is exclusively represented by Douglas Elliman and Sotheby’s International Realty teams.


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What Rights Do You Have as a Tenant in New York City?

Living in New York City offers the promise of vibrant culture and endless opportunities, but it also comes with the complexities of navigating a crowded housing market and the rights and responsibilities that come with being a tenant. Whether you're renting a cozy apartment in the heart of Manhattan or a quiet unit in Queens, understanding your rights as a tenant is essential to maintaining a fair and safe living environment. In this article, we’ll explore some of the most important tenant protections in New York City, covering everything from theft and eviction to heating and cooling costs.

Protection From Theft and Property Damage


One of the fundamental rights of any tenant is protection against theft and damage to personal property. In New York City, if someone unlawfully takes or damages your belongings, you have legal recourse. Theft of property or services can lead to serious criminal charges, particularly if the stolen items are of significant value. In New York, theft that involves property or services worth between $1,000 and $1,500 is considered a Class B felony, which can result in serious legal consequences. If the value exceeds $1,500, the theft is classified as a Class A felony, carrying even harsher penalties.


As a tenant, it's important to understand that your landlord has a duty to protect your property as part of the implied warranty of habitability. This means that landlords must provide a safe living environment, which includes secure locks, working alarms, and properly maintained entryways to reduce the risk of theft. If your property is stolen due to negligence on the part of the landlord—such as failing to fix broken locks or gates—you may be able to seek damages through a lawsuit. Always report any concerns to your landlord and keep documentation of incidents to protect your interests.


The Eviction Process and Your Legal Protections


Eviction is another significant concern for tenants in New York City. In a city where the demand for housing often outstrips supply, many residents face the threat of eviction due to missed payments or other disputes with landlords. However, tenants in New York have significant legal protections when it comes to eviction, and landlords must follow a strict legal process to evict a tenant.


According to recent data from Gothamist, in 2022, over 12,000 residential evictions were carried out by city marshals in New York City. This number highlights the significant number of residents facing eviction, yet it’s important to note that tenants cannot be evicted without due process. Under New York law, landlords must provide proper notice and obtain a court order before evicting a tenant. In addition, tenants cannot be forcibly removed or have their belongings taken without a formal legal procedure.


If you're facing eviction, it's critical to understand your rights. Tenants have the right to a hearing, the right to challenge an eviction in court, and in some cases, the right to emergency rental assistance. If you feel you have been wrongfully evicted or if you're at risk of eviction, it's essential to consult with a tenant advocate or attorney to ensure that your rights are upheld.


Your Right to Basic Amenities


In New York City, one of the most important tenant rights involves heating and cooling. Due to the city's often extreme weather, landlords are required to maintain certain temperature conditions within rental units. During the winter months, landlords must ensure that apartments are heated to a minimum of 68 degrees Fahrenheit during the day and 55 degrees at night, if the temperature falls below freezing outside. In the summer, tenants have the right to expect that their apartments will have adequate cooling systems, such as air conditioning or other means to prevent heat-related illness.


Heating and cooling can also be a significant portion of a tenant's utility bills. According to energy.gov, about 43% of a home’s energy costs go toward heating and cooling. As such, it’s important to know how your utility bills are structured and whether your landlord includes utilities as part of your rent or if you’re responsible for paying separately. If you're paying for heating and cooling, be sure to monitor your energy usage and contact your landlord if you notice any issues with heating or air conditioning systems.


If your apartment is too cold in the winter or unbearably hot in the summer, and the landlord is not addressing the issue, you have legal avenues to address it. Tenants can file complaints with the New York City Department of Housing Preservation and Development (HPD) or take the issue to court if necessary. The city also offers resources for tenants facing heating and cooling problems, especially during extreme weather conditions.


Conclusion


Understanding your rights as a tenant in New York City is crucial to ensuring a safe and fair living environment. From protection against theft and property damage to understanding the legal eviction process and knowing your heating and cooling rights, it’s clear that tenants are entitled to a range of protections. By staying informed and proactive, you can safeguard your rights and take appropriate action if your living conditions are not being met. Always remember that legal resources, including tenant advocacy groups and legal aid organizations, are available to help tenants assert their rights and protect their interests in this complex urban landscape.

Choose the Right NYC Neighborhood for Your Family

Choosing the right neighborhood in New York City for your family can seem overwhelming. With so many options and factors to consider, it's easy to feel lost. But don't worry, finding the perfect NYC neighborhood for your family is possible with some careful planning.

The first step is to understand your family's unique needs and priorities. Maybe you want to be close to good schools, or you need easy access to public transportation for work. Besides, safety and nearby amenities such as parks, grocery stores, and hospitals are also very important. Identifying what matters most to your family will help narrow down your options.

Once you know your priorities, you can start researching different neighborhoods. Look at the school options, safety records, and available amenities in each area. Consider the commute to work and how accessible essential services are. By taking each of these factors into account, you can find a neighborhood that offers everything your family needs.

Identify Your Family's Needs and Priorities

The first step in choosing the right neighborhood is to identify what your family needs and prioritize those needs. Start by making a list of the most important factors for your family's lifestyle. Do you need a large park nearby for your kids to play? Are you looking for a neighborhood with a strong sense of community or one with quieter streets?

Think about the size and type of home you want. Some families may prefer a spacious apartment, while others might want a townhouse with a backyard. Consider your family's hobbies and interests too. If you enjoy weekend outings, look for neighborhoods with museums, theaters, and other cultural attractions.

Create a checklist of these priorities and rank them. This will help you focus on what’s most important and make the decision-making process easier. Knowing exactly what you want in a neighborhood will enable you to narrow down the areas that best suit your family's needs.

Research School Options in Different Neighborhoods

If you have school-age children, the quality of local schools is likely high on your list of priorities. Start by researching the schools in different neighborhoods. Look at both public and private options to see which schools are renowned for their programs and performance.

Make a list of the top-rated schools and check if they are in neighborhoods that interest you. Visit the schools' websites to understand their curriculum, extracurricular activities, and overall environment. Reading reviews from other parents can also give you valuable insights.

Consider the school’s proximity to your potential new home. A shorter commute for your kids means more time for homework and play. Also, check if the neighborhoods have good options for daycare and preschool if you have younger children. Quality education is a crucial factor in deciding where to live, so take your time to thoroughly research and choose wisely.

Evaluate Safety and Amenities

Safety is a top concern for any family. When choosing a neighborhood, look into the area's crime rates. Many websites provide up-to-date crime statistics that can give you insights into how safe an area is. You can also visit the local police precinct to get a sense of the community and their efforts to maintain safety.

Amenities are another crucial factor. Consider what you need close to home, like parks, playgrounds, grocery stores, and hospitals. Having these amenities nearby can make daily life easier and more enjoyable. Walk around the neighborhood and see what it has to offer. Check out the local shops and services to see if they meet your family's needs.

Also, think about the community vibe. Do you see other families with children? Are there community centers or libraries that offer programs for kids and adults? A neighborhood with a strong sense of community can provide a supportive environment for your family.

Consider Commute and Accessibility

The daily commute can significantly impact your quality of life. When looking at neighborhoods, think about how long it will take to get to work, school, and other important places. Check the availability of public transportation options like subways, buses, and bike paths. If you drive, consider traffic patterns and parking availability.

Proximity to transportation hubs can make a neighborhood more convenient. Living near a subway or bus station can save you time and make it easier to navigate the city. Walk through the neighborhood at different times of the day to gauge how easy it is to get around.

Accessibility is also key for families with young children or elderly members. Look for neighborhoods with stroller-friendly sidewalks, elevators in buildings, and other features that make getting around easier. Accessibility can make daily activities less stressful and more enjoyable for everyone in the family.

Conclusion

Choosing the right neighborhood for your family in New York City is no small task. By evaluating your family's needs, looking into school options, considering safety and amenities, and thinking about commute and accessibility, you can make an informed decision that meets your family's lifestyle and preferences. Each neighborhood in NYC has its own unique charm and set of advantages, so take your time to explore and find the best fit for your family.

Moving to a new neighborhood is a big step, but with the right information and a clear understanding of what you need, it can also be an exciting new chapter for your family. Remember, the perfect neighborhood for your family is out there, waiting to be discovered.

Ready to find that perfect NYC neighborhood for your family? Off The MRKT is here to help. Contact us today for more tips about the real estate market and lifestyle to make your relocation seamless and fun. Let's get started on finding your family's new home in NYC today!

These lobby fireplaces are giving residents a warm welcome home

As the holiday season quickly approaches, so does the change in weather. Finding a source of warmth is top of mind as we enter the beginning of sweater weather season, and nothing beats the heat from a functioning fireplace to curl up next to. While the fireplace has been traditionally known for its physical warmth, it has also become an impeccable design statement. I wanted to pique your interest in featuring these luxury residential lobbies that are equipped with beautifully designed and functional fireplaces that provide guests and residents with a warm welcome home.

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The New Face of Luxury Real Estate for 2025: How Shifting Buyer Preferences Are Creating New Opportunities

By Bianca D’Alessio 

Nest Seekers International | The Masters Division | Founder

Nest Seekers Development Marketing | Managing Director

As we close the book on 2024 and approach 2025, evolving buyer preferences are reshaping luxury real estate in the most dynamic market across the country—New York, Boston, and Miami. These vibrant cities are witnessing a surge in demand for properties that goes above and beyond the standard notion of luxury. Today’s buyers are more discerning than ever, seeking properties that transcend aesthetics and design, and are defined by personalized experiences, as well as a commitment to smarter and more sustainable living. 

->Driven By Experience 

Standout architecture and premium finishes are no longer enough to impress buyers and renters in today’s market —it’s about the experience a property delivers. Over the past year, we’ve seen a major shift toward amenity and service-driven properties that align with the modern lifestyle, especially when it comes to leisure and well-being. These buyers work hard and play hard, and are increasingly willing to trade in square footage for more enhanced living experiences. They are gravitating toward features like thoughtfully-curated fitness and spa facilities, Olympic-sized pools, and professional-grade pickleball and basketball courts. Exclusive dining lounges as well as outdoor spaces have also emerged as essential value-adds.

Developers are responding to these demands by not only integrating experience-focused features into new developments but also activating them in novel ways through strategic partnerships, access and programming. In cities like Miami, Boston and New York, this trend is only increasing as we work closely with developers to establish elevated experiences that fulfills the needs of the more affluent and aspirational buyers.

->Eco-Conscious Living 

Today’s buyers are not just looking for an impressive property but a forward-thinking one. The luxury sector is seeing a surge in demand for sustainable buildings, with developers in all three cities incorporating eco-friendly designs. From energy-efficient appliances to LEED-certified construction and eco-conscious materials, these sustainability measures appeal to buyers willing to pay a premium for properties that align with their values.

Boston, in particular, is seeing a rise in demand for green buildings. Properties incorporating energy-efficient systems, green roofs, and sustainable materials appeal to buyers who prioritize the environment without compromising on style or luxury. In Miami, developers are considering resilient, climate-responsive designs, with hurricane-proof structures and elevated foundations becoming more prevalent in high-end markets. This is also a priority for a new generation of younger buyers who strongly emphasize sustainability into their entire lifestyle.

One of our best-selling development projects in the past year was 110 North 1st in Williamsburg, Brooklyn. Entering the market as a mid-sized condominium building offering a curated package of spa-inspired amenities and services, the building outperformed all of the other competing projects in the neighborhood.

->Looking Ahead 

As 2025 approaches, the luxury markets in New York, Boston, and Miami and beyond will continue this exciting evolution to align with the values of today’s buyers. Sustainability, experiential features, cutting-edge technology, and personalized services will take center stage in a way we have never seen before. There will be an even stronger focus on enhanced smart home and security systems and hospitality-inspired offerings such as wellness programs, curated events, dining, and concierge services.

Stay connected! Follow Bianca D’Alessio on Instagram for more insights: www.instagram.com/biancadalessio


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