A Volume-Limited Sample of Ultracool Dwarfs. I. Construction, Space Density, and a Gap in the L/T Transition
William M. J. Best, Michael C. Liu, Eugene A. Magnier, Trent J. Dupuy

TL;DR
This study compiles the largest parallax-based volume-limited sample of ultracool dwarfs within 25 parsecs, revealing a significant gap in the L/T transition and challenging existing atmospheric models.
Contribution
It provides the first comprehensive, parallax-defined sample of L0-T8 dwarfs, mapping the L/T transition and identifying a new color gap indicating rapid atmospheric evolution.
Findings
Largest parallax-based sample with 369 members.
Identified a significant gap in the L/T transition in color space.
Challenged existing models predicting a pile-up at the transition.
Abstract
We present a new volume-limited sample of L0-T8 dwarfs out to 25 pc defined entirely by parallaxes, using our recent measurements from UKIRT/WFCAM along with Gaia DR2 and literature parallaxes. With 369 members, our sample is the largest parallax-defined volume-limited sample of L and T dwarfs to date, yielding the most precise space densities for such objects. We find the local L0-T8 dwarf population includes young objects (200 Myr) and subdwarfs, as expected from recent studies favoring representative ages 4 Gyr for the ultracool field population. This is also the first volume-limited sample to comprehensively map the transition from L to T dwarfs (spectral types L8-T4). After removing binaries, we identify a previously unrecognized, statistically significant (>4.4) gap 0.5 mag wide in …
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