99 Gold: Wassssuuuuppppp
After the flurry of media attention last summer (remember the indoor basketball court?), 99 Gold seems to have faded from the public consiousness. We haven’t it mentioned for months. So out curiosity was piqued when we happened to walk past the building last week. There are currently 21 listings on the market but the DOB…
After the flurry of media attention last summer (remember the indoor basketball court?), 99 Gold seems to have faded from the public consiousness. We haven’t it mentioned for months. So out curiosity was piqued when we happened to walk past the building last week. There are currently 21 listings on the market but the DOB filings specify 88 apartments. So what’s happened to the other 67 units? Have any of them sold? Have prices moved a lot since they first hit the market?
99 Gold [The Developers Group]
GMAP
99 Gold (Finally) Hits the Market [Brownstoner]
Why are brooklyn people so angry? Is it because they cant afford to live in Manhattan? You people need to chill and be happy that gorgeous developments like this are going up in rather undesireable neighborhoods. Everytime something different goes up in a brooklyn neighborhood everyone not only overreacts, but feels the need to bash it immediately. I think 99 Gold is a fabulous addition to this neighborhood and anyone who is lucky enough grab one of these units will be sitting pretty…
The housing project was gnarly, but it wasn’t that bad. It was no Atlantic Yards. It could be tolerated.
for any contract holders, has there been an update on the C of O?
Scarano didn’t really do anything except add one story. This was an existing building, so I doubt they will have the typical Scarano issues that his ground up construction seems to have. I agree that the apartments are now priced appropriately. They were on the high side when the building first opened though. But yea, given that you are one block from DUMBO and paying $200+ less a sq ft, it doesn’t seem like a bad deal to me. I bought in 70 Washington when it first opened, but this would have been an interesting alternative at the time.
Many units have been sold and a few of the most desirable lines are completely sold out after the price cuts last Fall.
Most lines are priced between $600 and $650 per sqft. Price per sq ft now below the average of recent sales in nearby, and similarly project adjacent, buildings like 79 Bridge and now much closer to the $550 – $600 prices at the much less desirable Vista (with it’s low ceilings, high CC and views of the brickyards. Penthouses cost much more ($900+) but all have killer views and a lot of outside space.
Numerous sources estimate about 45% of the building is in contract with DG still waiting on a number of contracts out. Closing dates have slipped from March to May. With no news yet on the TC of O that could slip further into the summer but construction is finished and inspections are in the works.
i think is Scarano job and therefore the C of O can be far a way
Been there. Highest prices in Vinegar Hill for what you get.
They priced those units waaaay too high. Yes, the proximity to all that is glorious in dumbo is great, but it’s proximity to the projects out weighs that benefit. Over time as vinegar hill develops, the projects won’t seem as big of an issue. Until then, those units need to be sold at an extreme discount.
That housing project is GNARLY, too. Super Gnarl, in fact.