DUMBO stands for Down Under the Manhattan Bridge Overpass, but this Brooklyn neighborhood isn't stuck under a bridge – it's actually stuck under two, stretching from just west of the Brooklyn Bridge to just east of the Manhattan Bridge. Not so long ago this was a desolate area of empty warehouses, but it's experienced a complete rebirth into a trendy (and expensive) residential and commercial neighborhood. Those warehouses have been renovated and are now fashionable loft homes, office space for startups, and art galleries. Developers have also put up brand new condos and continue to build up the neighborhood.
DUMBO is popular with families looking for a bit more space for their money (although those days are coming to an end as prices continue to go up) and has a high concentration of people working in the arts.
The changes to this area have also brought in new restaurants and bars, although stalwarts like Grimaldi's Pizza and the romantic River Café go back decades. And when you want to get outside, there are parks (and a beach!) along the East River waterfront.
Wall Street: 2.3 miles / 10-15 minutes by car / 20 minutes by transit / 20 minutes by foot / 15 minutes by ferry
Rockefeller Center: 6 miles / 20-40 minutes by car / 30 minutes by transit
Jersey City: 8 miles / 35-45 minutes by car / 40-50 minutes by transit
Downtown Brooklyn: 0.7 miles / 5-10 minutes by car / 15 minutes by transit / 15 minutes by foot