185 York Street Buyers Still Waiting to Move In

A soon-to-be tenant of 185 York Street, the Vinegar Hill condo building that sold out quickly, reports that the building has yet to receive its Certificate of Occupancy. She went into contract over the summer but has not been able to close because of the lack of a C of O. According to her, “way back in August/September I was told there was an issue with the standpipe which resulted in a failed inspection. It was corrected, but getting re-inspected has been an issue… we hope to have the C of O by the end of “this” month – [the broker] has said that every month since September. Curious to know if other buyers have similar issues or more info.” A broker here tells us that they are going through the last of the inspections and anticipate closings to begin in February or March. The sixteen available units, priced from $375,000 to $845,000, all went into contract at or above asking. Any other buyers out there who are going through the same thing as our tipster?
Vinegar Hill Condos at 185 York Sell out Fast [Brownstoner]

10 Comment

  • The exact same thing- BUT WORSE! Been in contract for over a year, while other buyers in my building have been in contract for nearly 2 years. As some buyers back out of their contracts due to the multiple delays, their units are selling for $50-$70k more than the original contracts.
    The buyers were recently told that we should prepare for closing, that we should have the C of O within weeks and to “contact our mortgage brokers.” We all locked our loans and ordered appraisals only to be told a week later that; the building failed some unknown inspection, the national grid had to tear up the street in front of the building to do work to the gas lines and we again are at a stand still. There has to be some laws protecting the buyers! This is beyond the normal realm of new construction issues.

  • no-permits

    what an ugly building.

  • Ahh, the perils of buying new construction. I wonder how many problems you will have with the building once you finally move in.

  • subwaysurfer

    Brklngirl, are you also waiting to get into 659 Bergen?
    Message me privately.

    To comment further, I’m waiting to move into a building that’s been on pause for 2 years. From the very beginning, the owner Boaz Gilad has been telling buyers that they’re 3 months away from closing. As a year past and buyers got heated, he began passing on the message monthly that we are in the final stages of inspections, but 6 months have gone by since that game has started and we’re still waiting. The incredible way they can lie with straight faces is a testament to the degree in which they care about you, or don’t, at all.
    I wish the tipster luck getting into her place! Use the DOB website for insight into your building. And don’t trust anything relayed to you from the building owner because he just wants you off his back, and doesn’t think of you as a person.

  • cp

    they should make a building code for vinegar hill since it is surrounded by so much ugliness. just sayin’.

  • Im in this exact situation @ this building down to the T… Hopefully the other buyers see this and we can share info on this…

  • The sponsor has stopped work to delay closing- going in for two and a half years. The sponsor is the listing condos at current market prices as buyers drop out because of the wait. The DOB list a few open items that can be fixed in a week, but if the sponsor passes inspection and gets a certificate of occupancy it will have to go into closing on contracts (at 2012 prices). The sponsor may delay work for another year to push out more in contract buyers, allowing new buyers to come in and pay more at the current market price