Olympia Dumbo: What the Offering Plan Says About 30 Front Street
Olympia Dumbo is a 76-unit condo tower at 30 and 60 Front Street in DUMBO from Fortis Property Group, with amenities on the cellar and 10th floors and deeded parking below. Here's what its offering plan says about finishes, amenities, staffing, the budget and the fine print.
In brief: Olympia Dumbo is a 76-apartment condo at 30 and 60 Front Street in DUMBO, Brooklyn, built on a former parking lot by an affiliate of Fortis Property Group, with its offering plan accepted in June 2021. The homes start on the 10th floor, above community facility space and garages, and run up to two penthouses. What sets it apart, per the plan: a long amenity list split between the cellar and a 10th-floor terrace with a pool, a bowling room and a multi-purpose court; Gaggenau kitchens in every unit; and parking sold as deeded units rather than leased.
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 sponsor can rent instead of sell unsold units, so the plan warns the building may not end up majority owner-occupied.
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.
At a Glance
- Address: 30 and 60 Front Street (also 1 York Street), DUMBO, Brooklyn, between Front and York Streets, with the BQE across York
- Size: 76 residential units, including the Resident Manager's Unit, in a 26-story building (marketed floors run higher) plus cellar
- Also in the building: community facility units on the lower floors, a community facility garage, and a 91-space public garage
- Total offering: about $375 million at first offering (sponsor's prices, not sales), later amended to about $406 million
- Parking and storage: 96 parking units, two private two-car garages, 66 licensed storage bins
Finishes
The brand list is high-end throughout. For context, see our guides to NYC condo finishes and bathroom brands in luxury condos.
Kitchen
- Wood cabinets with a raked-panel finish and Fior di Bosco Dark stone countertops and backsplash
- Gaggenau appliances throughout: panel-ready refrigerators, five-burner gas cooktops, wall ovens (speed or combi-steam ovens in many layouts), warming drawers in many units, and panel-ready dishwashers
- Falmec fully integrated, vented hoods with a wood panel finish
- Julien sinks with CEA Design faucets
- The penthouses and the four-bedroom get extras: two dishwashers, a built-in Gaggenau espresso machine, and a Sub-Zero wine cooler and ice maker
Bathrooms
- Primary baths: Duravit wall-hung toilets, custom Ceppo di Gre stone sinks, and CEA Design faucets, tub fillers and accessories
- Tubs vary by layout: 66-inch freestanding tubs by Apaiser, freestanding tubs by Agape, or Kohler undermount tubs
- Double vanities and Robern (or similar) medicine cabinets in primary baths, and shower niches in every primary shower
Floors, ceilings and windows
- 3/4-inch engineered wood plank floors with an ash face in living areas and kitchens
- Ceilings of roughly 7'6" to 9'6", at least 8 feet in habitable rooms, and up to about 12'6" in spots on the penthouse floors
- Double-glazed, low-e windows (no screens), with a 10-year warranty on the glass units
Laundry, heating and cooling
- An LG large-capacity washer (or equal) and electric dryer in every unit; no common laundry room
- Heating and cooling come from a VRF (variable refrigerant flow) system with fan coils in each unit, separately metered, with outdoor units on each floor's mechanical balcony
Amenities
Olympia Dumbo splits its amenities between two levels. It's a big package for 76 units; for comparison, see amenities by building size.
- 10th floor: an outdoor terrace with a multi-purpose court, children's playground, and leisure pool and spa, plus an indoor lap pool and lounge, private treatment room, sauna, steam room, changing rooms and a juice bar
- Cellar: a fitness center, yoga room, bowling room, children's playroom, meditation room, lounge and locker rooms with showers
Good to know: there's no membership fee for residents, and non-residents can't use the amenities.
Staffing and Services
The first-year budget lays out the staff by position:
- 1 resident manager (living in Unit 12D)
- 1 handyman
- 3 porters
- 2 doormen
- 4 concierge staff
After the first closing the lobby is to be attended 24/7, though duties may be trimmed (and full staff not yet hired) until occupancy builds. Staff is expected to be non-union, enrolled through a PEO. With taxes and medical benefits, labor totals roughly $1 million, the budget's biggest line. Our guide to what a doorman costs in a NYC condo explains why.
What It Costs to Run
The sponsor's first-year budget (projected for July 2022 through June 2023) totals about $2.3 million. Residential common charges cover about $2.1 million of that; storage bin license fees and the community facility owners' shares make up the rest. Your own common charges depend on your unit's share; Schedule A lists them unit by unit, and our common charge benchmarks show how buildings compare.
| Budget line (first year) | Roughly |
|---|---|
| Labor (staff wages, taxes, benefits) | $1.0 million |
| Electricity (common areas) | $313,000 |
| Insurance | $254,000 |
| Amenity operations | $154,000 |
| Services and supplies | $145,000 |
| Managing agent fee | $95,000 |
| Heating, hot water and cooking gas (common) | $68,000 |
| Water and sewer | $60,000 |
- Your apartment's heating and cooling run on electric fan coils that are separately metered, so you pay that electricity directly.
- The sponsor isn't funding the reserve or working capital funds up front; reserves are built through annual budget contributions, and buyers pay two months of common charges into working capital at closing.
- Real estate taxes in the plan were estimated on an assessment from before construction was complete, and the plan warns they may rise materially once the building is reassessed.
See why NYC condo operating costs differ and our operating expense benchmarks.
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.
Who's Behind It
- Sponsor: Fortis Dumbo Acquisition, LLC, an affiliate of Fortis Property Group; the plan names Joel Kestenbaum and Jonathan Landau as principals
- Architect: Hill West Architects
- Managing agent: Allied Partners Residential Management LLC, at an annual fee of $95,000 for an initial one-year term
- Selling agent: Douglas Elliman Real Estate
- Sponsor's counsel: Abrams Fensterman
- Real estate tax counsel: Goldberg Weprin Finkel Goldstein LLP
The plan doesn't name an interior designer.
Common Questions
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.