The Real Deal New York

After two years, 185 York Street in Vinegar Hill has no residents

But in 2012, the condo building sold out in just seven weeks
January 11, 2015 12:51PM

Back in 2012, the condominiums at 185 York Street in the posh Brooklyn enclave of Vinegar Hill sold out in just seven weeks. But the owners have been waiting to move in ever since.

The Department of Buildings has yet to issue a Certificate of Occupancy, prohibiting the owners from actually occupying the building, according to Curbed.

Back in 2013, a tipster told Brownstoner that “there was an issue with the standpipe which resulted in a failed inspection” and no Certificate of Occupancy issued.

And according to a DUMBO NYC, the buyers themselves have little clue as to the state of their investment. One reader wrote in to say that he has now been locked out for two-and-a-half years, has been “starved of information” the entire time.

“The building sponsor seems to be deliberately holding up the closing of the building and we are unsure why this would be but it is causing distress to the prospective occupants,” the tipster writes. “Our only conclusion is that the sponsor under-priced the units, hopes that we will all lose patience and cancel our contracts, so the units can be re-listed. This is of course only a supposition and we have no evidence that this is the case but we can come to no better conclusion at this point.”

When 185 York’s 16 units first hit the market in 2012, the units were priced from $375,000 to $845,000. [Curbed] Christopher Cameron