Dumbo NY Home Insurance
Coastal Insurance Solutions is the expert in home insurance protection in Dumbo, New York. Connected to more than 30 insurance organizations permits us to offer you the most aggressive rate by weighing the whole market in one simple step. We will send you up to 10 FREE recommendations for review and guide you to which organization we prescribe in light of price, rating and our own particular case involvement with that organization. We know the emotional and financial investment included in owning a home and our devotion to securing you and your family’s benefits is our #1 priority.
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About Dumbo NY:
Dumbo, also known as DUMBO, is a neighborhood in the New York City borough of Brooklyn. “Dumbo” is an acronym for Down Under the Manhattan Bridge Overpass; It is similar to other city neighborhoods with an acronym, including Tribeca, SoHo, NoHo, NoMad, and Nolita in Manhattan, and BoCoCa in Brooklyn.
In the 1890s, the western portion of the neighborhood was known as Fulton Landing, after the ferry stop that connected it to Manhattan before the Brooklyn Bridge opened. At that time, it was primarily a manufacturing district, with warehouses and factories that made machinery, paper boxes and Brillo soap pads. The area has been known, variously, as Rapailie, Olympia, and Walentasville. The cardboard box was invented in the Robert Gair building on Washington Street by Robert Gair, a Scottish emigrant; because of Gair’s fame, the area was known as Gairsville for a long time. The Gair building is now home to Etsy.
With deindustrialization it began becoming primarily residential, when artists and other young homesteaders seeking relatively large and inexpensive loft apartment spaces for studios and homes began moving there in the late 1970s. The acronym Dumbo arose in 1978, when new residents coined it in the belief such an unattractive name would help deter developers.
Near the end of the 20th century, as property became more and more expensive in Manhattan, Dumbo became increasingly gentrified. Still, by 1997, the acronym Dumbo was largely unknown, and the area itself was very inclusive, serving mainly as an enclave for artists located along the East River and under the Manhattan Bridge. There were still many air conditioner repair shops, auto shops, and “seedy back alleys and wharves”; however, as the neighborhood was still gentrifying from an industrial district, it lacked even a bookstore, coffee shop, or laundromat at the time.
Joy Glidden is the Founding Director of the Dumbo Arts Center (DAC) and co-founder of the Dumbo Art Under the Bridge Festival, where she served as the Executive Director from 1997-2006. Using art as a catalyst for change, Glidden’s efforts achieved successful development in Dumbo, which is now a model for similar waterfront developments around the world. Glidden stated, of Dumbo’s gentrification, “‘It may be one of the last of what could be considered a true arts community in New York.”
On December 18, 2007, the New York City Landmarks Preservation Commission voted unanimously to designate Dumbo as the city’s 90th historic district. The Dumbo historic district consists of properties bound by John Street to the north, York Street to the south, Main Street to the west, and Bridge Street to the east.
The area has emerged as one of New York City’s premier arts districts, with a cluster of for-profit art galleries such as the Klompching Gallery and such not-for-profit institutions as the St. Ann’s Warehouse and the A.I.R. Gallery.
Chef Jacques Torres opened a chocolate factory in Dumbo in December 2000. Other culinary businesses in the area include Grimaldi’s, the Brooklyn Ice Cream Factory, and The River Café, all clustered in Fulton Landing, also home to Bargemusic, a floating venue for classical music.
The first public space in the neighborhood was Fulton Ferry, followed by Empire-Fulton Ferry State Park. The first six acres of Brooklyn Bridge Park, a joint state/city venture presently under development, were opened in March 2010.
Dumbo has New York City’s highest concentration of technology firms by neighborhood. Dumbo is home to 25 percent of New York City-based tech firms. Within a 10-block radius are 500 tech and creative firms that employ over 10,000 people. The City of New York, in conjunction with New York University, installed an incubator in Dumbo to support development of tech start-ups. Dumbo’s average office rent of $25 per square foot makes it more attractive to start-ups than Manhattan, where rents average $40 per square foot in 2013.
The area has been compared to the Silicon Roundabout area in Shoreditch, East London, as well as to Manhattan’s Silicon Alley.
The neighborhood contains the Farragut Houses, a group of ten towers managed by the New York City Housing Authority.
