Olympia Dumbo Condominium

The Building

Fine Print

What's Specific to It

• Buyers chip in for the super's apartment. Unit 12D becomes the Resident Manager's Unit, priced at about $2.8 million, and each buyer pays a proportional share of that price plus roughly $100,000 in related closing costs at closing.
• Parking is something you own. The plan offers 96 parking space units (about $200,000 each at the original pricing) and two private two-car garage units, separate from a public garage run by an operator.
• Storage is licensed, not owned. The 66 storage bins are sold as licenses at about $1,000 per square foot, plus a monthly fee of roughly $2 per square foot paid to the residential board.
• Staff is budgeted as non-union, with employees expected to be enrolled through a professional employer organization (PEO) to lower benefit costs.
• Amenities may lag closings. Some amenity areas may not open until about 12 months after the first closing, with no credit against your price or common charges.

The offering plan, the document the developer filed with the New York Attorney General, names the appliance brands, places every amenity room, budgets the staff by position and sets the rules on parking and storage, none of which you'll find on a listing. New to these documents? Start with what a condo offering plan is.

Fine Print Worth Knowing

• Resident Manager's Unit share. The plan cautions that taxing authorities could treat your share of Unit 12D as part of your purchase price, which could mean extra transfer taxes.
• Handicapped spaces carry a covenant. Designated handicapped parking units come with a deed covenant letting an owner with handicapped plates require a swap or purchase at fair market value. More in our guide to parking that's sold, licensed or leased.
• Parking and storage can lag. If you buy a space or a bin, you still close on the apartment even if those areas aren't finished; the money for them stays in escrow until they're ready.
• Storage bins run roughly 16 to 80 square feet; licensees also bear storage operating costs and any related assessments.
• No statutory housing warranty. Because the building is over five stories, the state's implied new-home warranty doesn't apply; your rights are those set out in the plan.

FAQ

Does Olympia Dumbo have a pool?

Yes, two, per the offering plan: an indoor lap pool on the 10th floor and an outdoor leisure pool and spa on the 10th-floor amenity terrace, alongside a sauna, steam room and treatment room.

Is parking at Olympia Dumbo owned or rented?

Owned. The plan sells 96 parking spaces and two private two-car garages as separate condo units, while storage bins are sold as licenses with a monthly fee.

Is there a doorman at Olympia Dumbo?

Yes. The plan says the residential lobby will be attended around the clock after the first closing, and the budget funds two doormen and four concierge staff, along with a live-in resident manager, a handyman and three porters, all expected to be non-union.

Where this comes from: the building's offering plan (CD200174) filed with the New York Attorney General, including its special risks, description of property, building specifications, Schedule A-1 and Schedule B budget. Budget figures are the sponsor's first-year projections and prices are the sponsor's offering prices, not sales. Updated October 2026.