Selling an architecturally undistinguished new development in which half the apartments are going to lower-income earners for a fraction of the market-rate price is a challenge, so give it up for the fact that PACC is down to one last unit at the Dewitt Condos at 483 Washington Avenue (between Gates and Fulton) in Clinton Hill. The one unit that’s left is a penthouse apartment (#7A) that started out in June 2007 asking $1,265,000, a price we called “absurd” at the time. The list price is down to $895,000. The apartment has 1,385 square feet, four exposures, a terrace and low monthly expenses so maybe they can pull it off, but considering you can find a house on the eastern edge of Clinton Hill for close to this price now, it’s still gonna be tough.
Dewitt Condo Listings [Douglas Elliman] GMAP
Dewitt Condo Listings & Past Sales [StreetEasy]
Condos of the Day: Dewitt Actually Selling! Or Not [Brownstoner]
Still an Uphill Battle at The Dewitt [Brownstoner]
Market Rate Units on Sale at PACC’s Dewitt Condos [Brownstoner]