The Q is Qurious as a Quat (his new motto), and wonders aloud: is $2,500 really reasonable for a single floor of a limestone building on P-Court?
I'm thinking $1,800 is about right. $1,600 would allow you to be a bit picky about whom you rent to (within the law of course!) Maybe's it's the Corcoran name that's supposed to lend the rental some heft?
See! I can do real estate based posts too!! (maybe they're ALL real estate based. maybe that's all that really matters anymore...sigh.)
14 comments:
That's a ridiculous reach, even for a nicely renovated floorthrough apartment. I'm sure Babs can weigh in on the actual fair market rent, but of the half-dozen very similar floor throughs on my block of PLG, the prices range from $1500-1800. $2000 would be the absolute high end. I know some renters in the stretch of limestones on Ocean who pay $2700 for two full floors of a house that looks straight onto the park.
Perhaps they'll find somebody willing to pay, and pay the $4500 broker fee, but even as a landlord I don't think this degree of gouging is positive for the neighborhood.
But maybe the presence of some young upwardly-mobile professionals on the block will persuade Moses Fried to sell his building on the corner to a responsible landlord! At least he put windows in the place.
Sizable two bedrooms outside of the historic are fetching between 2000 and 2300 routinely nowadays folks. With Park Slope rents going apeshit demand in PLG is through the roof. It ain't 2011 anymore.
Where are these sizeble two bedrooms for $2000 - $2300? I'm more in agreement with Anon 1:53 on prices, although I'd say more $1600 on the low end (if you're talking about the upper floors of the two family houses on Lefferts Ave) unless it's a gorgeous renovation, with dishwasher and W/D - they do exist, and they do get $2000 and up.
This house, however, is larger than the 2 families on Lefferts, so there may be more square footage. If there's a dishwasher, they may get $2000 or more.
Corcoran can always hope to attract someone relocating from out of town, or Manhattan, to whom $2500 looks like a steal compared to what they've been seeing (and paying) elsewhere.
i'm a youngish /upwardly mobile(-ish) professional. I pay $2300 for a similar house in 'prospect lefferts gangland', but we have 2 floors, and the backyard garden. highway robbery(?), but that's brooklyn right?
-cold
I like your description of Parkside Court!
Go ONE subway stop north and see what the rents are.
Go ONE subway stop north - on which train? If it's the Q, are you talking from Parkside (where this apt is located) to Prospect Park. Maybe you mean TWO subway stops north on the Q? That would be Seventh Ave in PS.
Look at the quality of the housing stock there, combined with the amenities, including restaurants, cafés, bars (and i mean more like one or two per block vs. per neighborhood) stores, gyms, top-rated public schools, etc., etc.
i just spent 3 months looking for a place in PLG. 2 bedrooms are definitely going for 1900-2300. The only ones I heard about for less than 1900 in 3 months of nearly full time searching were in big post-war buildings on winthrop and clarkson (and one on fenimore). and, of course, the one we rented which came in at 1500, way under market. there are still some deals to be found, but no, it is not 2011 anymore.
and, i regret to say, most of them were not even 'sizeable'...
it was depressing
more than one realtor told me that brooklyn is so hot i should consider moving to manhattan.
ugh.
1900 for a 2-BD?!?! I almost spit my coffee all over the keyboard.
MadMommaC: Since some 2-bd's are going for quite a bit more, the likelihood that your laptop will need tech work is quite high. Might I suggest Abdo at what used to be the Internet Coffee House on Parkside? He's a lovely man, and the last two people I sent his way are quite pleased. And yes, he does iPads. Just brought in my $400 Toshiba yesterday. Will let you know how that works out. (don't get the cheap toshiba if you want it to last - the plastic its wrapped in is crap).
This is great news for people that own in the hood. It's about time landlords got their share of the pie in this neck of the woods. I hope rents continue to climb where a 2 bedroom costs $3,000 a month!!
"This is great news for people that own in the hood." Good point but not sure this is a landlord hood unless you're referring to the privately owned homes in wider PLG and Ocean Avenue. There are no restrictions against renting in those areas. The coveted single family homes (LM) are shaved from that block, good thing perhaps. The homes there are lovely and the vibe is quite different.
Don't know of any post-war buildings on Fenimore in PLG, unless you're talking about post WWI. 130 Fenimore, for example, was built in 1939, pre-US involvement in the war in any case.
Most rent-stabilized 2 BRs are under $1900. However, non-stabilized units in large apartment buildings can be more, like at 100 Lefferts Ave. That owner has done really over the top renovations, stainless steel appliances, white oak floors, etc., all to get the apartments off stabilization via major capital improvements increases. Once that's done, the annual increases are well above the stabilized limits.
I've lived on the Court for three years and agree that that price is highly inflated. I know of at least one other two-bedroom on the street that's only 1,200, although that's admittedly on the low end.
-Parkside Courtier
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