October 9th, 2006
We’ve seen a lot of buzz on the development at 99 Gold Street in Vinegar Hill, Brooklyn. Designed by Scarano Architects in Dumbo and marketed by The Developers Group, this building was converted into 88 studio, one, and two bedroom lofts, and has a small non-regulation basketball court in the basement.
Okay, this isn’t really an update, but I was over there yesterday to check out the progress, and it looks like from the outside, most of the work has been completed. I went to the opening “launch party” this summer (has it already been 4 months ago?) and saw the apartments, the rooftop, and the basketball court. The finishes were nice, and the building seemed solid, but until more stores/services come to the area, residents will have to go to Brooklyn Heights for their pharmacy.
99 Gold Street before conversion. Photo from The Developers Group
Aside from some reported price cuts by Robert Guskind at Curbed, we haven’t heard too much in the past month about 99 Gold. With the updated prices, the condos range between $522/sq.ft. for a studio with 2 bathrooms (1571 sq.ft.) to $969/sq.ft. for a penthouse two bedroom, 2 bathroom (not including the 1077 sq.ft. of outdoor space). Below are some photos taken this weekend.
From Scarano Architects:
“99 Gold is a renewal pioneer within the area’s industrial landscape. An upscale loft conversion is the latest trend in stylish city living, which redefines the 19th-century concrete and block building, originally designed to house and supply New York’s souvenir market. Following that industry’s decline and decades of misuse and neglect, vast quality-of-life improvements are assured by this adaptive reuse.”
Some sample pricing:
- 1 bed 1 bath, 757sq.ft. $575,000 ($759/sq.ft.), $328 maintenance, $48 tax
- 0 bed 1 bath, 988sq.ft. $645,000 ($653/sq.ft.), $412 maintenance, $61 tax
- 2 bed 1 bath, 1035sq.ft. $699,000 ($675/sq.ft.), $432 maintenance, $64 tax
- 2 bed 2 bath, 1215sq.ft. (1106sq.ft. outdoor space) $1,150,000 ($946/sq.ft.), $636 maintenance, $94 tax
Does anyone have info on move in date or how sales are going so far?