A buyer of a condo unit at 185 York Street reports that the owners have been waiting since mid-2012 to move into the building. The building is being marketed as “City View Condominiums.” The Certificate of Occupancy has not been issued yet, according to the NYC Department of Buildings, which prohibits anyone from occupying the building.
A Brownstoner post from February 2013, almost two years ago, says that at that time, “a broker here tells us that they are going through the last of the inspections and anticipate closings to begin in February or March”. Obviously there are still delays. The buyer suggests to us that the “building sponsor seems to be deliberately holding up the closing of the building. Our only conclusion is that the sponsor under-priced the units, hopes that we will all lose patience and cancel our contracts.” When the 16 unit building went on the market in April 2012, the units ranged from $375,000 for a 631-square-foot one-bedroom to $845,000 for a 1,193-square-foot two-bedroom, two-bath duplex.
According to StreetEasy, 15 of the units were listed for sale until December 29, 2014. Does anyone have updated status for the buyers of this building?
Here’s the note we received from a prospective buyer:
Just wanted to let you and your newspaper know that I am one of the prospective purchasers of a unit at 185 York Street in Vinegar Hill.
Along with all the other eager prospective purchasers, we signed a contract for our unit in the building, which was essentially completed, in mid-2012. Since then, in the intervening 2 1/2 years, we have been starved of information about what is going on and what information we have been given has been incorrect or misleading. The contract holders have nee renting temporary accommodation in various parts of the city to ‘bridge’ the time awaiting the issue of a Certificate of Occupancy.
The building sponsor seems to be deliberately holding up the closing of the building and we are unsure why this would be but it is causing distress to the prospective occupants. Our only conclusion is that the sponsor under-priced the units, hopes that we will all lose patience and cancel our contracts, so the units can be re-listed. This is of course only a supposition and we have no evidence that this is the case but we can come to no better conclusion at this point.
We have contacted the Attorney General’s Office, the Office of the Brooklyn Borough President, the Local NYC Councilor, The DoB Brooklyn Borough Commissioner.
We are looking for any means to get our plight out into the public domain to try to speed up the long-delayed closing.
I think this puts a slightly different light on the ‘rosy’ picture of Vinegar Hill painted in the NY Times article.