- Year built
- 2006
- Type
- Condominium
- Units
- 52
- Floors
- 12
- Landmark status
- Not an individual landmark; in the DUMBO Historic District
- NYC Landmarks Preservation Commission records, updated February 2026
- Leasing by owners
- Permitted with conditions
- Pied-à-terre
- Permitted
- Dogs
- Requires confirmation
- Cats
- Permitted
- Washer/dryer
- Permitted with conditions
- Flip tax
- Tiered or formula; see fees
- Doorman
- Part-time doorman
- 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
- No restriction documented; confirm occupancy rules in the by-laws and house rules
- Washer / dryer
- in-unit hookups in every unit (ventless dryers required)
- Pets
- Requires confirmation
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, 2026 to date
- $1,076
- floor-adjusted, 2 sales
- Listing discount
- 1.7%
- Recorded sales
- 84
- 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 — an uncommon combination. The district, designated in 2007 to protect Robert Gair's reinforced-concrete daylight factories and the surrounding brick warehouse fabric, made later ground-up development within its boundaries subject to Landmarks review, shortly after 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. That resolved historical dispute and amendment sequence do not establish current sponsor holdings or board control. Review the present unit-ownership schedule, board composition and governing amendments alongside the professional-management and restated-house-rule records; the history explains why early ownership differed from its 2007 peers.
For owners, the result is a stabilized boutique condominium in a supply-constrained micro-market: new construction within the historic district requires Landmarks approval, 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: overnight coverage is not included. Confirm current staffing duties and actual common charges; daytime coverage and building scale do not establish lower costs or more personal service.
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.
Application and transaction fees
- Terms
- None disclosed in plan or amendments through 21 (2016)
Source: The Roebling Research Desk's building record, April 2018
Considering an apartment here? Send Corey the listing to discuss the building's costs and purchase requirements.
Own an apartment here? Request an apartment-specific pricing review.
Sublet and pied-à-terre policy
A condominium owner leasing a unit and a co-op shareholder subletting are different rules, and a building-wide rule is different from a restriction on one apartment. This is the building's rule; confirm it for the specific apartment.
- Leasing by owners
- Permitted with conditionsPermitted; one-year minimum lease; short-term/Airbnb rentals strictly prohibited (house rules, 2018)Source: The Roebling Research Desk's building record, April 2018
- Wait before a sublet
- No waiting periodNo ownership period before leasing is required; "one year" in s.13 is the minimum lease term.Source: building documents (house rules, 2018)
- Pied-à-terre ownership
- PermittedSource: The Roebling Team's building profile
- Short-term rentals
- Not permittedSource: The Roebling Research Desk's building record, April 2018
Considering an apartment here? Send Corey the listing to discuss the sublet and pied-à-terre rules for that apartment.
Pets and in-unit washer/dryer
- Dogs
- Requires confirmationSources differ. Confirm with building management.
- Cats
- PermittedSource: The Roebling Research Desk's building record, April 2018
- In-unit washer/dryer
- Permitted with conditionsIn-unit hookups in every unit (ventless dryers required)Source: The Roebling Research Desk's building record, April 2018
Considering an apartment here? Send Corey the listing to confirm the pet and washer/dryer rules for that apartment.
Monthly carrying charges in recent sales
- Common charges + taxes, per room
- $600 per room a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
- Common charges + taxes, per square foot
- $2.39 per square foot a monthMedian of 7 recorded sales since October 2023Source: recorded sales, refreshed October 2026
Common charges plus real estate taxes, combined into one monthly figure the way New York condominium listings show them. Add a mortgage payment for the monthly outlay. A summary of recorded sales, not a current bill; charges change.
Building staffing and amenities
- Doorman
- Part-time doormanSource: The Roebling Team's building profile
- Concierge
- YesSource: recent listing records
- Attended lobby
- YesSource: The Roebling Team's building profile
- Package room
- YesSource: The Roebling Team's building profile
- Elevator
- YesSource: NYC Department of Buildings elevator records
- Amenities noted
- Fitness room, playroom, roof deck, garden, garage, bike storage, cold storageSource: The Roebling Team's building profile
Staffing and amenities as our building profile and recent listing records describe them. A feature not listed is not confirmed absent. Outdoor space, parking and some facilities can belong to particular apartments or to a separate owner; confirm access for the specific apartment.
Local Law 97
- 2024–2029 annual penalty
- $0 (under cap)
- 2030–2034 annual penalty
- $22,790/yr
- Per unit / month range
- $0 – $37
- Modeled exposure split equally across 52 units (the residential count on the city's lot record). Not an assessed amount; condominium owners are typically charged by each unit's common-interest percentage.
Source: NYC LL84 benchmarking and PLUTO · The Roebling Research Library. City data last refreshed October 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. A filed Safe grade is not a guarantee of current condition: owners still maintain the facade and, where required, observe parapets each year. Future inspection timing (Local Law 49 of 2025 changed the cycle framework from October 1, 2026), repair and any assessment decisions remain building-specific.
How to read this, and where it comes from
QEWI = Qualified Exterior Wall Inspector — a licensed professional engineer or registered architect who meets DOB’s FISP qualifications and signs the report (the independent expert, not the managing agent).
Source: NYC DOB facade filings (FISP) · The Roebling Research Library. City data last refreshed October 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, so taxes on these units have stepped up toward the full assessed amount. Get the current tax bill for the specific apartment and compare its tax component with any older listing: an earlier carrying-cost figure may reflect the benefit, or different common charges and assessments. Treat a comparable sale made while the abatement was still running as priced under different taxes.
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.
The 421-a Expiration Wave — our study of when these benefits expire citywide, and what the resale record shows about pricing as they do.
Recent sales
Recent closings at this building, from The Roebling Research Library. 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% |
| 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% |
| Dec 19, 2022 | 4E | 1 BR · 1 BA · 912 sf | $1,065,000 | $1,168/sf | -14.4% |
Market read. Most recent trades (2026 to date) cleared a median $1,076/sf (floor-adjusted) across 2 sales. Floor-adjusted means each sale is restated to a constant mix of floors, so the figure can differ from the plain median of the sales listed above. 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; each condominium apartment is its own tax lot). Apartment-level facts (line, condition, asking-price context) curated and cross-verified in The Roebling Research Library. 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 would your apartment rent for?
Enter your apartment and I'll send you what it would rent for, from comparable closed leases at One Three Three and nearby.
At the recent median sale of $1.25M (3 sales in the past 24 months, since October 31, 2024), a buyer putting 25% down would pay about $54,909 to close, or 4.4% of the price.
- Mansion tax: $12,500
- Mortgage recording tax: $18,047
- Title insurance: $5,625
- Attorneys, lender, building fees, reserves and filings: $18,738
Assumes a resale (the seller pays transfer taxes), a $4,500 attorney fee and a mortgage on the rest.
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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. Compare the actual common charges, taxes, reserves and services with specific 24-hour buildings, then decide whether daytime coverage meets your needs; boutique scale alone does not establish lower costs.
The historic district cuts both ways. It puts changes to the low-rise brick context under Landmarks review, though it guarantees no view and does not rule out new 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 was resolved; the historical amendment sequence does not prove complete sellout or current sponsor rights. Request current ownership and board-control schedules together with financials, reserves and house rules, without treating the old dispute as still active.
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 an uncommon combination in this market. 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 provide actual carrying costs; 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
More DUMBO buildings
- 1 Main Street (The Clock Tower) — 1914 condominium
- 100 Gold Street — 2009 condominium
- 102 Gold Street (Ironwood) — 2012 condominium
- 168 Plymouth Street — 1919 condominium
- 183 Plymouth Street (185 Plymouth) — 1900 condominium
- 185 York Street — 2009 condominium
The neighborhood
For the full neighborhood — its buildings, character, and market — read The Roebling Team Guide to DUMBO.
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.
Considering a move at One Three Three?
Request a private building brief with the relevant comparable sales, current and off-market availability, and an apartment-specific view of value.
646.939.7375 · c.cohen@compass.com