133 Water Street (One Three Three)
133 Water Street, Brooklyn, NY 11201
DUMBO, Brooklyn
BBL 3000287502 · BIN 3391540
- Year built
- 2006
- Type
- Condominium
- Units
- 52
- Floors
- 12
- Landmark
- Designated
- Flip tax
- none disclosed in plan or amendments through 21 (2016)
- Subletting
- permitted; one-year minimum lease; short-term/Airbnb rentals strictly prohibited (house rules, 2018)
- Pied-à-terre
- permitted (standard condominium)
- Washer / dryer
- in-unit hookups in every unit (ventless dryers required)
- Pets
- max 2 dogs + 2 cats per household; dogs over 100 lbs prohibited; breed restrictions; registration required (house rules, 2018)
Compiled by The Roebling Research Desk from the building’s offering plan, amendments, and related building documents (primary source dated 2018-04-15). Reported and subject to confirmation. Board policies can change by amendment — confirm at the offer stage.
Every recorded sale at this building, 2012–2026
Price-per-square-foot over time, the line- and floor-premium curves, and every recorded sale.
- Median $/sf
- $1,076
- Listing discount
- 1.7%
- Recorded sales
- 91
- On record
- 2012–2026
Own an apartment here? See what it would sell for.
A Private Pricing Opinion — what your apartment at One Three Three would likely sell for today, what it costs to sell, and what you’d walk away with — reviewed personally against condition, exposures, renovation quality, and the competition actually on the market.
One Three Three occupies a genuinely unusual position in the DUMBO market: a boutique, new-construction condominium standing inside the DUMBO Historic District, one block from the Brooklyn Bridge anchorage, with deeded private parking — a combination that essentially cannot be reproduced. The district, designated in 2007 to protect Robert Gair's reinforced-concrete daylight factories and the surrounding brick warehouse fabric, closed the window on ground-up development within its boundaries almost as soon as this building topped out. The permanent certificate of occupancy is dated December 24, 2007, days after designation; 133 Water Street is recorded in the district as a contemporary, non-contributing structure, and any future exterior work passes through Landmarks review like its 19th-century neighbors'.
The building itself is modest in the way DUMBO's best boutique inventory is modest: 12 stories, 52 apartments, one elevator, and a service posture built around door staff on daytime shifts rather than a 24-hour desk. The design, by Scarano Architects per the offering plan, trades tower theatrics for terraces — the original Schedule A reads like a catalogue of private outdoor space, with lines throughout the building paired with roof terraces from about 160 square feet to more than 900. In a neighborhood where the converted loft stock offers scale and light but rarely private exterior space, the terrace inventory is the building's defining physical asset, alongside the 16-unit parking garage whose deeded spaces are restricted to building residents.
The sponsor history is a diligence story worth knowing and a market story worth understanding. Water Street Realty Group LLC filed the plan in 2006 with a first closing anticipated for early 2007; the financial crisis intervened, and the sponsor filed for Chapter 11 reorganization in February 2009 following a dispute with its construction lender. The dispute resolved, a plan of reorganization was confirmed, and the offering was re-declared effective through the third amendment in 2011, with the 421-a exemption re-established by stipulation with HPD. Sales then proceeded through a long amendment sequence into the mid-2010s while some units were occupied by interim tenants. None of this describes the building today — the condominium is sold out and resident-governed, with an elected board, professional management, and restated house rules — but it explains why the building's early ownership history reads differently from its 2007 vintage peers, and it is exactly the kind of history The Roebling Team walks buyers through during diligence.
For owners, the result is a stabilized boutique condominium in one of Brooklyn's most supply-constrained micro-markets: the historic district cannot add competing new buildings, the Brooklyn Bridge Park amenity keeps compounding, and the York Street F and High Street A/C stations are each a short walk.
Architecture and unit composition
The building holds 52 residential units across 12 stories on a roughly 10,000-square-foot corner lot at Water and Adams Streets. Construction is a Class 1C structure with brick and prefabricated panel exterior walls and thermally broken aluminum windows; because the north lot line sits close to neighboring structures, certain north-facing windows carry fire-rated assemblies, a detail disclosed in the architect's report. The massing steps back as it rises, producing the terrace inventory recorded as limited common elements of the adjacent units.
Layouts run from studios through three-bedrooms. The original Schedule A is instructive about the building's range: a 723-square-foot one-bedroom with a 164-square-foot terrace; a 1,240-square-foot two-bedroom, two-bath with a 437-square-foot terrace; a 1,783-square-foot three-bedroom, two-bath with original pricing under $1 million in 2006 — a reminder of how far the DUMBO market has traveled since. Every unit was delivered with a laundry/utility closet plumbed for a washer and ventless dryer, and kitchens run on gas.
Building operations
One Three Three operates with a deliberately lean, board-governed service model: door staff cover daytime shifts seven days a week, a superintendent handles the physical plant, and the building is professionally managed — management history and current agent details are maintained in The Roebling Research Library and confirmed with clients during diligence. The single passenger elevator, gym, playroom, package room with refrigerated storage for grocery deliveries, dry-cleaning room, and the common roof garden with its community barbecue round out the operation. The building runs on fob access with video security throughout the common areas.
Buyers accustomed to full 24-hour desks should weigh the trade honestly: the staffing model keeps common charges disciplined for the amenity load, and the building's scale keeps the operation personal, but overnight coverage is not part of the package.
Policy framework
Purchaser review: Right of first refusal only; no cooperative-style board approval. Condominium closing timelines of 30 to 45 days are typical.
Subletting: Permitted with a one-year minimum lease term; leases to commercial entities are barred, and rentals under one year — including any short-term-platform use — are strictly forbidden under the house rules, with fines and legal action available to the board. Owners must provide lease terms to the managing agent before execution.
Pets: Registered pets permitted — up to two dogs and two cats per household; dogs over 100 pounds prohibited absent board approval; enumerated breed restrictions apply; pets are barred from the roof garden.
Smoking: Prohibited everywhere in the building, units included.
Parking: Deeded spaces; owners must live in the building, and spaces may be rented only to full-time residents.
Washer/dryer: In-unit hookups throughout (ventless dryers required).
Flip tax / transfer fee: None disclosed in the plan or amendments through the twenty-first (2016); confirm current fee schedules, move deposits ($750 per the house rules), and any assessments at offer stage.
Property taxes: The 421-a benefit re-established in 2011 has run its schedule; underwrite the current full-assessment bill.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $6,954/yr
- Per unit / month range
- $0 – $11
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City record last verified September 2026.
See full Local Law 97 analysis — emissions history, scenarios, methodology →Facade safety — Local Law 11
The latest available FISP filing classified the facade as Safe — no repairs were required at that inspection. Facade inspections run on a fixed five-year cycle; future inspection, repair, and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — the licensed engineer the city requires to sign the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City record last verified September 2026.
421-a Tax Abatement
- Last year of benefit
- FY2023
- Fully taxed from
- FY2024 (2023–24)
- Program
- 421-a (15-year)
The 421-a benefit has run its term. Taxes on these units have stepped up toward the full assessed amount, so the low carrying cost this building once carried is no longer available. Price from the current tax bill, and treat any comparable sale made while the abatement was still running as a different asset.
Source: NYC Dept. of Finance property-tax exemption records (421-a), refreshed 2026-09-06 · The Roebling Research Library. Confirm the exact step-up schedule on the building’s DOF tax bill. Years shown are NYC tax years, which start July 1 — FY2024 runs July 1, 2023 to June 30, 2024. The benefit last appears on the 2023 assessment roll, which is what dates the end of the term.
Recent sales
Recent closings at this building, curated by The Roebling Team research desk. Prices are the transfer amounts recorded with the NYC Department of Finance; apartment-level detail is checked against the building’s own file in The Roebling Research Library before publishing.
| Date | Unit | Apartment | Price | PPSF | vs. Ask |
|---|---|---|---|---|---|
| Jun 11, 2026 | 8E | 1 BR · 1 BA · 912 sf | $979,000 | $1,073/sf | -2.0% |
| Jan 27, 2026 | 3D | 2 BR · 2 BA · 1,166 sf | $1,250,000 | $1,072/sf | -7.4% |
| Oct 29, 2025 | 4A | 2 BR · 2 BA · 1,124 sf | $1,280,000 | $1,139/sf | -1.5% |
| Aug 14, 2024 | 10B | 2 BR · 2 BA · 1,063 sf | $1,260,000 | $1,185/sf | +6.3% |
| Jul 3, 2024 | 2C | 2 BR · 2 BA · 1,447 sf | $1,515,000 | $1,047/sf | +1.3% |
| Apr 29, 2024 | 13 | 156 sf | $125,000 | $801/sf | off-mkt |
| Jan 5, 2024 | 12D | 1 BR · 1 BA · 834 sf | $975,000 | $1,169/sf | +1.6% |
| Dec 19, 2023 | 5C | 1 BR · 1 BA · 728 sf | $815,000 | $1,120/sf | +0.0% |
Market read. Most recent trades (2026) cleared a median $1,076/sf across 2 sales. Median listing discount 1.7% from the last ask — a recurring negotiation gap worth pricing into any offer or listing strategy.
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Full closing history with price-per-square-foot over time, the complete retrade record, and every line that has traded.
Sales sourced from NYC Department of Finance recorded transfers (BBL 3-00028-7502) and verified listing data. Apartment-level facts (line, condition, asking-price context) curated and cross-verified by The Roebling Team research desk. Not all transactions cross-verify with ACRIS records — sponsor and LLC purchases sometimes record at stipulated values rather than market price; square footage from recorded condo declarations and offering plans.
What to know if you’re buying
Price the terrace and the parking separately. The building's value story is unit-specific: a line with a 400-plus-square-foot terrace and a deeded space is a different asset from an interior line without either. Comparables must match on both dimensions.
Understand the service model. Daytime door staff, not a 24-hour desk. For many buyers the trade — lower carrying costs, boutique scale — is favorable; for others it is disqualifying. Decide which buyer you are before falling for a terrace.
The historic district cuts both ways. It guarantees the low-rise brick context and blocks competing supply, and it also means LPC review for exterior work, terrace alterations included.
Read the sponsor-era history for what it is. The 2009 reorganization and the long sell-out are resolved history, not current risk — but review the board's financials, reserve position, and house rules like the sophisticated buyer you are.
Assume full taxes. The abatement era is over; run the True Monthly Carrying Cost analysis against the unit's current bill.
What to know if you’re selling
Lead with scarcity. A terraced condominium with private parking inside the DUMBO Historic District, one block from Brooklyn Bridge Park, is a sentence competing listings cannot write. Build the marketing around it.
Stage the outdoor space as a room. The terraces are the differentiating asset against loft inventory; photograph and stage them as fully furnished living space, in season.
Be precise about the service model. Represent the daytime-attended lobby accurately and frame the carrying-cost benefit; misset expectations surface in diligence and cost deals.
Anchor to matched comparables. Same-building and boutique-tier sales with matching terrace and parking profiles — from 2025 forward — are the defensible anchors; headline loft or new-development $/sf figures are not.
Comparable buildings
If you're considering 133 Water Street, also evaluate:
- 205 Water Street — boutique modern condominium a few blocks east; the closest conceptual peer
- 1 John Street — 2016 boutique condominium on the park's edge; the newer-vintage alternative
- 168 Plymouth Street — artist-loft conversion nearby; character play with outdoor space on select units
- 37 Bridge Street (Kirkman Lofts) — boutique soap-factory conversion; loft character at a similar scale
- 51 Jay Street — loft-style condominium conversion on the east side of the neighborhood
- 100 Jay Street (J Condominium) — the full-service 2000s tower alternative
- 85 Adams Street (The Beacon Tower) — 2006 tower at the neighborhood's western edge; same vintage, different format
- 30 Main Street (The Sweeney Building) — boutique Gair-era conversion; the loft alternative at comparable unit counts
How to read the facts on this page. Items attributed to an offering plan describe the building as it was offered at that filing — unit mix, square footage, the amenity program as planned. They are not a statement about how the building operates today. Tax and compliance figures are sourced separately to current City records and carry their own dates. House rules, staffing and fee policy can change by board resolution without any public filing: treat every policy line here as a starting point for diligence and confirm it with the managing agent. Where this page compares one building or neighborhood to another, that is our analysis of the recorded record — it names the measure, the period and the sample it rests on, and it is an observation about medians rather than a prediction about any particular apartment.
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