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]