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.
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.
Recent sales
The retrade record
Lines that have traded more than once in the public record — the building’s appreciation arc, apartment by apartment.
Recent closings at this building, sourced from NYC Department of Finance records. Apartment-level detail (line, condition, asking-price context) verified upon consultation request.
| Date | Unit | Price |
|---|---|---|
| Jun 26, 2026 | 8E | $979,000 |
| Feb 10, 2026 | 3D | $1,250,000 |
| Nov 10, 2025 | 4A | $1,280,000 |
| Aug 23, 2024 | 10B | $1,260,000 |
| Jul 12, 2024 | 2C | $1,515,000 |
| Jan 10, 2024 | 12D | $975,000 |
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.
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
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.
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.