South Slope Building Goes the Rental Route


In early fall the new building at 182 15th Street in the South Slope hit the market, but it seems there weren’t a lot of prospective buyers, as rental listings for the building have now surfaced. Rents in the 31-unit building are running from $2,000 for studios up to $3,900 for the most expensive three-bedrooms. Prices when the building was briefly on the market were starting at $365,000 for studios, $430,000 for one-bedrooms, $630,000 for two-bedrooms and $899,000 for three-bedrooms. This development was controversial in the neighborhood a few years ago because the developer wanted to construct a 12-story building under old zoning regulations, but community members successfully challenged his plans.
182 15th Street [StreetEasy]
South Slope Condo Hitting the Market [Brownstoner] GMAP

9 Comment

  • It appears this isn’t the only South Slope property that has resorted to rentals based on lackluster sales. The Brooklyn Home Company property up the street (225 15th Street) has also listed their properties previously for sale as rentals.

    http://www.corcoran.com/agents/listings.aspx?Region=NYC&userid=PAN&ndevid=527

  • It appears this isn’t the only South Slope property that has resorted to rentals based on lackluster sales. The Brooklyn Home Company property up the street (225 15th Street) has also listed their properties previously for sale as rentals.

    http://www.corcoran.com/agents/listings.aspx?Region=NYC&userid=PAN&ndevid=527

  • Whats wrong with people renting a studio for 2K?

  • Whats wrong with people renting a studio for 2K?

  • Hey, look, you take the inflated sale price of a studio apartment, divide by 16 and call it a rental, and it is STILL too high :-o

  • Hey, look, you take the inflated sale price of a studio apartment, divide by 16 and call it a rental, and it is STILL too high :-o

  • I had found this building much more appealing than Harbor Hill Condos which is almost right across the street. We looked at the 2Brs and they seemed to have quality finishes. I really liked the ceiling lights in the living/kitchen area which were more elegant than most new construction we’ve seen. The bathrooms appeared to use good materials. I thought the exterior was better looking than Harbor Hill’s exterior. The deal-killer was the tiny 2nd bedroom which was going to be a stretch to fit for an adult or a grown child. I was also concerned about having just 1 small elevator for the whole building. Another negative was the lack of any amenities such as a fitness center. (I know there’s one on 15th St and 5th.)
    I guess the developer needs to start getting a revenue stream to pay off that loan. It’s too bad. They should have re-visited cutting up some of those studios and/or 1Brs and adding to the floor space of the 2brs & 3brs to make them legitimate units.

  • I had found this building much more appealing than Harbor Hill Condos which is almost right across the street. We looked at the 2Brs and they seemed to have quality finishes. I really liked the ceiling lights in the living/kitchen area which were more elegant than most new construction we’ve seen. The bathrooms appeared to use good materials. I thought the exterior was better looking than Harbor Hill’s exterior. The deal-killer was the tiny 2nd bedroom which was going to be a stretch to fit for an adult or a grown child. I was also concerned about having just 1 small elevator for the whole building. Another negative was the lack of any amenities such as a fitness center. (I know there’s one on 15th St and 5th.)
    I guess the developer needs to start getting a revenue stream to pay off that loan. It’s too bad. They should have re-visited cutting up some of those studios and/or 1Brs and adding to the floor space of the 2brs & 3brs to make them legitimate units.