The Clocktower

The Clocktower is a condo located 1 Main Street, in DUMBO, Brooklyn. The building was first built in 1914 and is 110 years old. It was first renovated and altered in 1998. The lot that the building was built on is 200 feet wide and 138 feet long. The official lot area is listed as 27,273 square feet. The building itself is 138 feet wide and 200 feet long. In total, 1 Main Street has a total floor area of 246,100 square feet. Of that, 227,916 square feet are used for residential purposes. About 18,184 square feet of the building are used for commercial purposes. There are a total of 125 units. Of those, 123 are residential units. There are 2 commercial units. 1 Main Street has a total of 15 floors. Thankfully, the building is equipped with elevator service.

Interested in learning more about the building? Great news, subletting is currently allowed, which makes this a great opportunity for folks who just want a secondary home or make some passive rental income. There are many great amenities and features for residents in the building. You can expect to be greeted by a doorman on a daily basis. The same doorman will make sure that your packages are delivered properly and secure! For your convenience, laundry is located in the building. Better yet, washer and dryers are allowed in each unit. For those who love to work out, there is a fitness center. Love to bike? Store your bike in the building's bike storage rather than your own apartment. If you drive, rest assured! The building has its own garage, which would come in super-handy for parking! Don't forget to take full advantage of the roof deck where you can soak up some sun during summer or host a get together with your friends and family. Residents who own pets will be happy to hear that the building is pet-friendly. Both dogs and cats are allowed in the building! There are 385 closings on record, of which we have matching data for 46 listings. In the past 3 years, a listing in this building will typically remain on the market for about 147 days and tend to sell below the original asking price of $2,150,000 by 1.76%. Meaning, listings tend to sell at a median of $1,341 price per square foot. The transaction that took the longest to complete was unit 2B, listed on Jun 08, 2017 for $3,999,999. This particular unit ultimately sold 361 days later for $4,000,000. The most recent transaction was for unit 3L, which was first advertised on Mar 13, 2023, sold for $2,125,000 on Oct 27, 2023. Fun fact, the oldest transaction we have on record took place on Aug 25, 1967. See the full transaction history for The Clocktower below.

DUMBO, where 1 Main Street is located, has a median asking price of $1,600,000 for condo buildings. Meanwhile, the building itself has a median asking price of $2,150,000. For interested buyers, that means the building's median asking price is around 1.56% above the neighborhood's median asking price for condos. A buyer may therefore end up paying more for a unit in this building compared to other condo buildings in the neighborhood.

There are currently 4 active listings for sale within the building and our inventory of available units for sale is constantly updating in real time. Check back frequently for updates. Currently, the most expensive asking price for all of the active units in the building is $8,999,999. It is a 3,208 sqft 3 bedroom and 4 bathroom unit. Conversely, the least expensive asking price for all of the active units in the building is $1,995,000. It is a 1,414 sqft 1 bedroom and 2 bathroom unit. A breakdown of active listings shows no studio, 2 one-bedroom, no two-bedroom, 2 three-bedroom, and no four-bedroom plus units for sale! The median price of all the active units for sale in the building is $2,575,000. Collectively, the median square footage of these active units for sale is 1,897 sqft. Active units for sale at 1 Main Street are mostly 2-bedroom apartments Active units for sale at 1 Main Street have a median count of 2 bedrooms and have a median count of 2.5 bathrooms.