Vinegar Hill Condo Buyers Still Can't Move In

Buyers of condos at 185 York Street in Vinegar Hill signed their contracts over two and a half years ago, but they’re still not allowed to move into the building. Dumbo NYC reported the 16-unit development still doesn’t have a certificate of occupancy. Last we heard, owners couldn’t close on their apartments because the building lacked a C of O in February 2013. “I was told there was an issue with the standpipe which resulted in a failed inspection,” a tipster told us at the time.

The buyer who talked to Dumbo NYC said condo owners have been “starved of information” for the intervening two years, and speculated that “the building sponsor seems to be deliberately holding up the closing of the building.” (This is a common complaint we hear in such situations, but usually it’s in the developer’s interest to sell as quickly as possible.)

When the apartments hit the market in July 2012, prices ranged from $375,000 for a 631-square-foot one-bedroom to $845,000 for a 1,193-square-foot two-bedroom, two-bath duplex. The above photo shows the building in 2012. It sold out in only seven weeks.

185 York Street Buyers in Limbo [Dumbo NYC] GMAP
185 York Street Buyers Still Waiting to Move In [Brownstoner]