Market Rate Units on Sale at PACC's Dewitt Condos
We’ve made no secret of our displeasure at the fact that a salvageable brownstone was torn down to make way for the 16-unit building at 483 Washington Avenue (aka the Dewitt Condominium) so perhaps we’re not completely unbiased when we express shock at the prices of the eight market-rate units that were put on the…
We’ve made no secret of our displeasure at the fact that a salvageable brownstone was torn down to make way for the 16-unit building at 483 Washington Avenue (aka the Dewitt Condominium) so perhaps we’re not completely unbiased when we express shock at the prices of the eight market-rate units that were put on the market with Brooklyn Properties two weeks ago. (The eight affordable units are being decided by application and lottery.) If you want to find something in the $500 per square foot range, don’t bother getting on the elevator: The ground-floor unit’s the only one that’s close. By the time you get to the second floor, you’re already north of $600. And for that swinging penthouse lifestyle? Get ready to write a check for almost $1,000 a foot. Compare Apartment 5B at the Dewitt where for $880,000 you get 1,257 square feet with Apartment 11M at One Hanson where for $896,000 you get 1,305 square feet (and much nicer common spaces and interiors to boot). We can see living here if you were one of the lucky folks to win the affordable housing lottery but these market-rate prices are absurd. We’ll be quite surprised if anyone takes the bait at these levels.
The Dewitt [Brooklyn Properties] GMAP
From Subsidized to Market Rate Fraud? [Set Speed]
I just found out… I’M IN!
Hell, I wouldn’t live in any of those condo bldgs either where you have people that only put 10% down and then depend on gov’t handout on their taxreturns for mort. interest deductions. Just above welfare scum.
Very minimum is to live in good coop with 50% equity. Otherwise rubbing elbows with those people. What if one of their offspring wanted to date your daughter. Egads.
Posted by: Anonymous at June 18, 2007 3:53 PM
The person who wrote this is obviously an idiot. I happen to be one of the people still in the running through the lottery. I’ve never collected welfare, always had a job and probably save a much larger percentage of my income then he/she ever will. The problem is I work in the arts, hence my paycheck isn’t comparable to the financial guys who’ve driven prices up throughout this city. Am I mad about that? No. If you can’t afford to buy you can rent. I’m lucky I found out about this and now I hope to buy my first home. And just because I don’t make enough to pay market rates doesn’t mean I’m not an even more upstanding citizen than those who can.
also…it is so unfair that the “affordable housing: has most likely gone to chumps on daddies dime who have no tax records for themselves but rahter just graduated from Pratt and would like to hand out for a few years and paint before getting a real job. Very rarely do these units go to families who need them.
“lottery” for friends of PACC
also…it is so unfair that the “affordable housing: has most likely gone to chumps on daddies dime who have no tax records for themselves but rahter just graduated from Pratt and would like to hand out for a few years and paint before getting a real job. Very rarely do these units go to families who need them.
“lottery” for friends of PACC
also…it is so unfair that the “affordable housing: has most likely gone to chumps on daddies dime who have no tax records for themselves but rahter just graduated from Pratt and would like to hand out for a few years and paint before getting a real job. Very rarely do these units go to families who need them.
“lottery” for friends of PACC
I really can’t imagine how it would be to live in that building for the eight subsidized folks…
I guess that “community” would be very
acrimonious, going by some of these posts.
But at these prices who is really going to need a subsidy if able to purchase.
The term “affordable housing” has become a cruel joke.
I’m in the anti-subsidized camp. Its nice to have diverse neighbors but you’re creating an unhealthy environment by helping some buyers and not helping others. I can buy the argument for rentals (currently in building where 20% is allocated for lower income), but when you’re committing hundreds of thousands of dollars, having Uncle Sam or anyone else help them along the way is dangerous.
These guys would have to live some place cheaper or make more money before considering that building. The 421 benefit was designed to keep the building boom going… anyone paying full price shouldn’t be goaded into felling bad for it.
That’s right, because living in the city means you have to pay for the privelege of having entitled, bratty people tell you what color you can paint your limited common elements. Only an entitled brat demands housing in a neighborhood he can’t otherwise afford. The rest of us take responsibility for ourselves and live where we can afford. I know, we’re so suburban!
“I wouldn’t be worried about who my neighbors are but wouldn’t you feel like a chump knowing you paid so much more than the guy down the hall whose unit is subsidized?” poster 5:34pm
I would guess that in one form or another you all would be getting subsidized… 421a tax abatements, etc… right?