Dumbo NYC

Notes from the DUMBO, Brooklyn NY neighborhood


Any 99 Gold Street Updates?

March 2nd, 2007


 99 Gold Street, 2/2007

We’ve received several emails from people wondering about 99 Gold Street, but we haven’t heard of any updates. Any buyers care to share? We were last there 5 months ago in October, but as Brownstoner.com said, in yesterday’s post, “99 Gold seems to have faded from the public consiousness.” There are 21 units on the market (Developer’s Group just updated the listings today) out of 88 units, and a commenter mentioned closing dates of May. We also want to know what’s up with 99 Gold.


 99 Gold Street, 2/2007

{99 Gold: Wassssuuuuppppp, brownstoner.com}
{99 Gold Street Update (10/9/06), DumboNYC.com}
{99goldstreet.com}

Filed in Gold Street, Real Estate, Vinegar Hill at 3:05 pm
Comments
  • Maria
    we are told 45% of building is sold and I have about a dozen members of a new group for contract holders confirmed so this could be accurate as many of the best lines are sold out now and a few of the apartments listed on their website are confirmed in contract (including mine). construction is finished and inspections are in process i believe so however long that takes - best guesses estimate May/June for closings if all goes well.

    I have set up a group for contract holders at 99 Gold. If you want to join email me with your apartment number to mariatcohen@gmail.com
    thanks
  • TWC
    My wife and I went to the open house yesterday simply out of curiosity. In my humble opinion it is easy to see why the Vista is almost sold out and why 99 Gold isn't doing all that well. Though a couple lines were unique and intriguing, most floorplans were perplexing rather than inviting especially when you compare price points.
  • Y
    I am one of the contract holders at 99 Gold. I saw Vista as well before deciding on 99 Gold. My observation was the Visa 's common charges were high, low celings and the view was not as nice as 99 Gold.
  • dumbo-ite (soon I hope)
    It is also sort of unfair to say that the Vista has done better in comparison. 99 Gold has three times as many apartments. 88 in total as opposed to the Vista's 31. So, if you do the math, they have actually sold more at 99 Gold.

    But just out of curiousity, why do people care about how much of a building is sold? If you are buying a home shouldn't it be because you like it and feel comfortable there? If you are looking to flip a property right away then I get it. Otherwise, who cares? I am still considering 99 Gold, but this is my first purchase and I really want to take my time before I make a move. Anyone have any other good suggestions in the area, around the 600k mark?
  • KB
    dumbo-ite, 79 Bridge might fit the bill, its closer to Dumbo than 99 Gold and has very low common charges. Apartment 2C was on the market for 725k recently, but is already sold. Other apartments are going for around 750/sf.
  • TWC
    I think anything in Vinegar Hill should be a solid 5 to 10 year investment. Its a really cool area with a lot of potential. Consider it DUMBO 10 years ago.
  • ...
    99 Gold is a great looking building from the outside. I haven't been in to look at any of the units, but I would wager that if the Vista had more than 31 units, they would probably all be sold before 99 Gold. Maybe it's simply the 1/2 block difference - it's hard to believe, but maybe it's true. The price point didn't hurt either, the Vista was much more reasonably priced per square foot and there are no bad layouts, which is different from conversion projects.
  • ray
    'inspections'? is this per unit? floor by floor? how this work? is there any latest and greatest target for closing the first unit? no real updates from anyone which is unfortunate...
  • Dan
    There is now a Partial Stop Work Order on this building. Does anyone know what is going on?
  • dumbo-ite
    From what I was able to find out, it was an expired permit of some sort. I heard it was taken care of which makes sense because if you click on the partial stop work order, the status says its resolved.
  • 99Goldie
    Scarano - the architect for 99 Gold - has some problems with the DOB because of some of his other projects. 99 Gold shouldn't be held up too long, because it's a conversion, but you never know...
  • Eddie Wilson
    > Consider it DUMBO 10 years ago.

    Sorry, but, uh, no.

    DUMBO was never directly adjacent to the largest block of public housing I've ever seen. And the transportation sucks. And, oh yeah, we're missing those bridge kinds of things.

    Yeah, I know the broker who sold you the building told you that, but, face it, you got suckered.
  • DOT
    Eddie... the Fulton housing projects in West Chelsea hasn't stopped the surge of growth in that area. The Fulton houses and lack of public transportation hasn't stopped growth in the Meatpacking distict. I don't think it's such a far off statement that Vinegar Hill will become a hot commodity over the years. VH doesn't need two beautiful bridges because it has a charm all it's own. It has a quaint and quiet vibe with tons of gorgeous storefronts I can see becoming lovely bakeries, cheese shops, and boutiques.

    And no Eddie... I'm not advocating VH because I live or bought there. I'm actually a DUMBO resident, but I happen to see a uniqueness in VH that will draw people in. VH is definitely an undiscovered gem of forgotten NY.
  • TWC
    Thank you DOT. I couldn's agree with you more. I am the one who wrote "consider it DUMBO 10 years ago" and that is based on my own personal opinion as I live in DUMBO and was not given that line by a broker.
    As DOT mentioned Chelsea is still growing despite several blocks of projects and has one of its biggest condos yet going in adjacent to the 17th street Fulton houses.
    There were a lot of DUMBO nay sayers at one point too.
  • dumbo-ite
    Also, while this isn't true for every resident of Vinegar Hill, the people moving into 99 Gold and the Vista are the same 2 blocks away from the subway as everyone else in DUMBO. I also thought the bridges being a few blocks away was a little better as well. It's quiter, no? I definitely like that DUMBO has more action going on right now, but you talk about VH like its miles away. It's right next door. It's a 5 minute walk to everything DUMBO has to offer.
  • TWC
    Anyone see the police notes in the paper today about the attack on Gold Street? What a shame. Anyone know if the victim is okay and if they live in 99 Gold?
  • Dan
    I read about the attack in the Police Blotter. Apparently the attack took place last month on Sands Street near Gold Street. This was not outside 99 Gold. (And I don't believe closings have started for that building, actually.)
  • DOT
    I read about that also. Sands and Gold is not Vinegar Hill. That cross street is in the heart of the projects.
  • LSK
    VISTA on Vinegar Hill!
    Does anyone have an update for this? Any news? Are Appliances in the apartments? According to the nyc dept of buildings site, inspections and nearing completion....
  • Other
    I walk by the Vista daily and they appear to be moving along, putting in the final details. The other day they had two women cleaning the street level windows. And it looks like floors are in and appliances are installed.
    As for 99 Gold....its a ghost town. I have not noticed any changes.
  • TWC
    I just checked Corcoran and the last two Vista available units are now officialy in-contract. Its nice to see this condo has done so well before the building is even finished and is a testament to the potential both DUMBO and Vinegar Hill have collectively.
  • hww
    I just heard that the offering plan will not be put into place. All apartments will be offered for rent... Crazy!!
  • hww, if this is true, that is crazy! Do you have more info or a source to confirm?
  • LSK
    are you speaking of 99GOLD? or The Vista?
  • Dan
    I imagine the reference is to 99 Gold... sales have certainly been very slow there for awhile. If you go to the Developers Group website, it says "Open House Cancelled" for 99 Gold. This is definitely an interesting development... I toured the building last year and thought that many units were overpriced.
  • anonymous
    99 gold will definitely be rented - we had planned to buy and now can't
  • Villi
    We put a downpayment and just found out 2 days ago the offer is withdrawn. We are extremely upset about it, and would like to hear from other affected people to seek explanation!!
    We all put our lives on hold for several months, and some sold apartments! We gave up a previous apartment, moved to temporary rented housing and what not.
    Encourage anybody in such group to respond. Would anybody affected be interested in building up a case? Developer needs to see this is a matter of people's private lives changed in a big way.
    Some big publicity needs to be made on such behavior and on this project - this cannot go unresponded!
  • Duke Shea
    Has anyone heard from the developer on when deposits will be returned?
  • Duke Shea
    I am refering to the 99 Gold Street developer and the recent announcement to go rental. Has anyone heard about getting back deposits?
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