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Excerpt from Wikipedia

DUMBO (an acronym for "Down Under the Manhattan Bridge Overpass") is the popular name of a neighborhood in the New York City borough of Brooklyn. It encompasses two sections; one located between the Manhattan and Brooklyn Bridges, which connect Brooklyn to Manhattan across the East River, and another which continues east from the Manhattan Bridge and borders the Brooklyn Navy Yard and the Vinegar Hill area, and the hotly contested mansions of Commodore's Row.

DUMBO was known as an artists' haven, as many of the expansive warehouses in the neighborhood have been renovated into loft space. However, in recent years, as property has become more and more valuable in Manhattan, this neighborhood has also increasingly gentrified, pricing out many of the artists.

Celebrity chef Jacques Torres opened a chocolate factory in December 2000 in DUMBO. Other famous culinary institutions in the area include Fulton Ferry, Bargemusic, Grimaldi's Pizzeria, the Brooklyn Ice Cream Factory, and the River Café. The One Old Fulton Street building, which houses the landmark Pete's Downtown Restaurant, is located in DUMBO.

One of DUMBO's main attractions is its excellent views of the Brooklyn Bridge, Manhattan Bridge and Lower Manhattan. There are several public places where these views can be enjoyed. These include Fulton Ferry, Empire-Fulton State Park and the newly constructed Brooklyn Bridge Park. Brooklyn Bridge Park is currently planned for further expansion within a few years potentially expanding the waterfront park area even more