Delays at 317 16th Street

A buyer at 317 16th Street in Windsor Terrace South Slope wrote to lament the continued delays at the site. “To date, the building is 75% in contract, but as a buyer I can say we have little to show for it. I went into contract back in November and have been told to expect a TCO since January.” Some delays were courtesy of DOB red tape, including an electric violation from 1987 and unsatisfactory fire alarm testing. In May, the buyer got a reassuring email from the developers, Angel Group NY: “We have passed all of our inspections and received all our signoffs necessary for a TCO. We have submitted the folder to DOB in order to obtain the TCO. This process usually takes about two weeks. It is possible that it may take a little longer as many times DOB comes back and says they lost a form and need it resubmitted.” Actually, the DOB issued a temporary C of O on August 8th—they’re still waiting for developers to fix that pesky fire alarm situation. Neither brokers nor developers returned requests for information, but Streeteasy lists five more units for sale. Will these delays scare new buyers off, and will current buyers prevail? “I’m beyond tired of being told about delays due to negligence,” says our beleaguered buyer. “Is this an issue for the Better Business Bureau?” What do you guys think?
May 21, 2012 | 02:16 PM