The converted ironworks factory that Ian Schrager is selling has 13-foot ceilings and a wide-open living room, as shown in this listing photo.
Photo: Douglas Elliman
Ian Schrager, the hotelier behind the Public hotel brand and founder of Studio 54, listed his Dumbo loft on 31 Washington Street this week for $4.3 million. If sold for that price, it will be almost at a loss — the real-estate mogul bought it for nearly the same amount, $4.26 million, over seven years ago in 2017. (The apartment was purchased by the Schrager Family Trust, which lists both Ian and his brother, Bernard, as trustees.)
The three-bedroom condo is in a landmarked historical building, built in 1986 as an ironworks factory and converted in 2001. The loft itself, which includes 13-foot ceilings, exposed wood beams, and huge windows set in brick walls, still has an industrial feel. The apartment comes with a wide-open living area that makes the enormous kitchen look small — even with its Viking appliances and ceiling-high custom cabinets that we imagine will require a ladder to reach. There’s even an area dedicated to a swing in the living area, in case the scale of the 2,600-square-foot apartment is unclear.
The kitchen has custom cabinets and Viking appliances.
Photo: Douglas Elliman
The huge open space makes even the enormous kitchen look small.
Photo: Douglas Elliman
The bathroom, with its vanity sinks and tiled shower, will be an oasis from the throngs of tourists on your doorstep.
Photo: Douglas Elliman
But, buyer beware — the listing notes that the apartment is “located on one of the most iconic streets in all of Brooklyn.” This is a nice way of saying that the building is at the famed intersection of Washington and Water streets, which serves as the backdrop to every photo on Instagram in front of the Manhattan Bridge. The loft might be huge and historic — but you’ll still have to step past throngs of tourists and influencers to get to your door every day.
