Over Half Of Phase-One Townhouses And Condos At Navy Green Are In Contract

Two months after the first 10 Navy Green townhouses hit the market, sales have been “going great,” with two-thirds of them already in contract (6 out of 9, with one being withheld because it’s the model home used for open house tours), report developers at Dunn Development Corp.

Of the 98 condos in the Condos At Navy Green portion of the project, 14 out of the 24 market-rate condos have also been purchased and 18 of the 74 lottery-selected moderate-income are in-contract (with 8 more awaiting signatures), according to Christine Yoon, project manager of the Navy Green project.

The price tag for townhomes are in the $1.9M to $2.1M range, with condos going for $670K to $1.55M (market-rate condos) and $230K to $440K (in the “moderate-income” range).

“I think the thing people are excited about are the beautiful units and access to the huge 32,000 square foot common green,” said Martin Dunn, president of Dunn Development. “We’ve been selling like hotcakes. Some are buyers who work in the Navy Yard.”

That makes sense as announcements about new developments — like a food court at Building 77, right across from the Condos At Navy Green — at the Navy Yard have also been in the news lately, which, along with the Flushing Avenue side of Navy Green promising future retail space — Propel Bikes already operates there — likely spurring interest, despite the lack of subway access (there are three buses and Citi Bike stations around, though).

Of the townhouses, the first batch at 17-35 Clermont Avenue will be finished and movie-in-ready between mid-December and January.

Those will then be followed by the 13 townhomes at 14-38 Vanderbilt Avenue in April/May. The first house, at 34 Vanderbilt Avenue, has just hit the market.