Rental of the Day: 373 12th Street


This two bedroom Slope apartment is at 373 12th Street, between 6th and 7th avenues. The rent of $2,400/month seems fair, even for an apartment a little south. It’s not a glamorous space and the bedrooms look a little on the small side. But it still strikes us as a very nice starter apartment. Your thoughts?
373 12th Street [Corcoran] GMAP P*Shark

13 Comment

  • Very fair and very nice. I would have rented this myself if it had been available a couple of months ago.

  • I’m thrilled, after twenty years in this city, that we can afford to pay a few hundred bucks more than a “starter apartment.” Who knows what the future will bring? Perhaps in a few MORE years, we’ll be able to afford an established apartment!

  • I’m thrilled, after twenty years in this city, that we can afford to pay a few hundred bucks more than a “starter apartment.” Who knows what the future will bring? Perhaps in a few MORE years, we’ll be able to afford an established apartment!

  • $2400/mo is considered a “starter apartment”? GTFOH

  • a little south of what? this is a lovely block. I’d consider this place for my family… FYI we live WAAAAAAAAAY south of here, on the other side of the Prospect Expressway right near the new beer garden… wonder if that’s still Brooklyn?

  • Yes, add me to the spit-takes on “starter.”

  • I was going to ask Emily to stop using the term “starter apartment” but I’ve been beaten to the punch. Okay, I’ll say it anyway.

    Emily, it’s insulting to many of us. There are many people who read this blog who are not wealthy. We do not consider our apartments (which are well under $2400 a month) places to rent, and then move on from when we become rich. Most of us will never become rich. Most Americans will never be rich. We are experiencing a real estate bubble. Rents are sky-high and it hurts most people, rather than helping. Thank you.

  • This place looks tiny. I have friends who are in a 2BR duplex with larger bedrooms, two living rooms, and a dining room that are all bigger than what is shown here, and backyard, for the same price. Their apt is on 14th in between 4th and 5th, thee blocks from this one.

  • Come on, Emily, how many times do people have to jump on the “starter apartment” phrase before you stop using it??

    This is certainly on the lower rent end for any two bedroom in that area. Sad, but true.

    • On the other hand, those aren’t really bedrooms. if you look at any Brownstoner thread about a 2BR in a brownstone, the consensus is the 2nd BR that’s 7″ wide isn’t fit for any child over age 3. These bedrooms appear to be tiny. If you put them together, they’d be the size of the bedroom in my 500sqft 1BR apartment!

      • You’re right those are rather small bedrooms; I hadn’t looked closely at those photos. I’d much rather put a crib in a large one bedroom. On the flip side, there’s garden access and laundry in the apartment. Given those factors, the rent is fair for the market in that area. I wouldn’t pay it, but somebody will.

  • Not to pile on, but… I’m going to pile on.

    40x the rent rule means minimum combined income to rent this is $96,000.

    As I’d bet Emily herself is aware, entry level salaries in many industries in NYC are quite a bit shy of $50,000.

    A reasonable definition of “starter apartment” would be more like a share for $900 per person. Not $1,200. It was definitely doable in South Slope about five years ago. Have prices gone up that much since then? Salaries haven’t, that’s for sure.