You’d think that after three months without a single unit in contract that serious price cuts would have begun at the PACC-sponsored Dewitt Condos at 483 Washington Avenue in Clinton. Instead, just one of the eight market-rate condos (#4B) has been trimmed about 5 percent while the rest have been left to languish with their original price tags. “These market-rate prices are absurd,” we wrote back in early June. “We’ll be quite surprised if anyone takes the bait at these levels.” Hate to say we told you so, but we can’t for the life of us understand why these places were priced so high to begin with. In other news, we hear that the results of lottery for the affordable units should be complete soon. Are any readers in the running for that?
Dewitt Condo Pricing [Brooklyn Properties] GMAP P*Shark DOB
Market Rate Units on Sale at PACC’s Dewitt Condos [Brownstoner]