C&C Alpha Group’s Megalith Capital Management has begun its transformation of a DUMBO site into beautiful premium condos and affordable housing.
What was a desolate spot in the heart of Brooklyn has now become one of plushest residential spaces in NY. Way before the popular acronym DUMBO (Down Under the Manhattan Bridge Overpass) was coined, the quietude of the area drew the creatively inclined and those looking out for cheap rented accommodations. But all that is in the past now. Today, DUMBO is anything but cheap.
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