Condos of the Day: Still an Uphill Battle at The Dewitt
It’s been tough going over at The Dewitt at 483 Washington Avenue in Clinton Hill. The former site of an old brownstone who had the misfortune to lie just outside the historic district, the PACC-developed, mixed-income condo development has failed to close a single market-rate deal since coming on the market six months ago. (The…
It’s been tough going over at The Dewitt at 483 Washington Avenue in Clinton Hill. The former site of an old brownstone who had the misfortune to lie just outside the historic district, the PACC-developed, mixed-income condo development has failed to close a single market-rate deal since coming on the market six months ago. (The affordable component, not surprisingly, is being promoted as sold out—any lottery winners out there?) While it took a while, there have been some price cuts to try to generate interest: Four of the eight market rate units have been on the receiving end of price cuts that range from $30,000 to $110,000. In the case of the 1,257-square-foot Unit 3B, a $91,000 price cut may have been effective—the apartment is listed as having a contract pending. It’s looking like it’s gonna take another nudge downwards to get this done.
Dewitt Condo Pricing [Brooklyn Properties] GMAP P*Shark DOB
Market Rate Units on Sale at PACC’s Dewitt Condos [Brownstoner]
The Dewitt Update: Not a Sale in Sight [Brownstoner]
HPD is the WORST!
Purchase agreement and deposit check written in mid-July.
Still waiting on HPD approval…
The DeWitt Condominiums should be over half filled at this point, but thanks to the wonderful people at the Department of Housing Preservation and Development (HPD) here we sit twiddling our thumbs while they enjoy their cushy government jobs, leaving early and delaying the dates on which we move in.
Government inaction at it’s finest!
And try getting an answer or call back from anyone!
I am the events and communications manager at PACC. Please email me if you were involved in a PACC lottery this year and never heard anything back.
michelle_etwaroo@prattarea.org
thanks
I’m the poster from 11/28 2:28 who was picked in the lottery.
Units ranged from about $212,000 to $289,000. The lower prices being for the 1 bedrooms and the higher prices for the 2 bedrooms. While these prices seem VERY FAR below the market value units, there are significant differences. The below market value units are smaller, don’t have 2 bathrooms or washer/dryers. The below market value 2 bedroom units are at least 300 square feet smaller than the market value units. In terms of quality, the units all are on par with each other.
I have been in my unit a few times at this point and am VERY happy with what I’ll be getting. I do not doubt that anyone who buys a market value unit will be pleased with what they get in return for their money also.
I also love the fact that they incorporated a degree of “green” building in the construction. I don’t know how much, but the use of bamboo flooring and other environmentally friendly building material/concepts is, at the least, a step in the right direction.
Hi I was wondering if the people in the lottery were allowed to see the aparments and are theirs as nice as the photos on the Brooklyn Properties site. Congrats.
what was the price on the affordable units?
I was in the lottery and I am getting one of the units. From what I understand there were over 400 people who applied and after DQ’s there were a total of 226 in the lottery for EIGHT units. Four one bedroom and four two bedroom.
I had no connection whatsoever to PACC and only found out about the lottery from a friend who lives around the corner from what is now my new home. So anyone claiming “insider deal” is speaking from a place of ignorance.
As far as no closings on the market value places… I don’t know about other units, but I do know that I have yet to close on my unit due to filings with the city and other issues I know little about. I don’t think you can assume anything by the lack of closings at this point. They only got the temporary C of O on 10/30, so until then they couldn’t have closed if they wanted to.
PACC
People are completely crazy.
Time for this non profit to go away.
I also was in a PACC lottery and never heard anything. No one ever returns calls or messages.
Another insider deal.