« Just Sold in Brooklyn House of the Day: 148 Clinton Avenue »
August 30, 2007
506 Washington Avenue: Market Rate Rentals On the Way
While initially rumored to be another PACC project, the 22-unit building at 506 Washington Avenue in Clinton Hill is in fact a market-rate rental building that should be coming on line in the next few weeks. The building, which has a range of apartment sized from studios to three-bedrooms, has an unfortunate architectural pedigree, having been designed by Bricolage. (Then again, that goes a long way in explaining why the building fails to align with either neighboring facade. And those mono-brow lintels.) We tracked down one of the partners and the agent for the listing and got some info on pricing: Studios will go for $1,700 a month; one-bedrooms for $2,000; three-bedrooms for $2,300 to $2,500. The construction's basically done but they're waiting on the myriad inspections that must occur before leasing can begin. "We're hoping to have everyone in by the end of the Fall," we were told. GMAP P*Shark DOB
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Comments
extremely ugly pos. then again, the run down pos that was there before wasn't much to look at either and didn't house as many as this place will.
Why, oh why, couldn't they make it look a bit nicer from the outside?
Posted by: guest at August 30, 2007 12:42 PM
bricolage has consistently proven themselves to be completely devoid of creativity and design skillsets.
A 12-year old could draw something more aesthetically pleasing.
It's truly puzzling.
just baffling.
unsettling.
Posted by: guest at August 30, 2007 12:59 PM
What's up with the facade balconies on many new buildings in Brooklyn? Does anyone actually use them, or are they just a way to get around any possible open-space requirement in the zoning (if any--I can't say I know that much about Bklyn's zoning) and bump up a building's marketablity? Actually, I think that I know the answer to that question.
Look around, most historic buildings don't have balconies on their facades. Theres a reason for that....
Posted by: guest at August 30, 2007 1:00 PM
"Studios will go for $1,700 a month; one-bedrooms for $2,000; three-bedrooms for $2,300 to $2,500. ".
Good luck with that! Crack is sure tasty ; ^ }
Posted by: guest at August 30, 2007 1:02 PM
3BRs for $2300 to $2500 makes sense. Studios for $1700? That's going to be tough.
Posted by: guest at August 30, 2007 1:33 PM
that studio better be 800sf
Posted by: guest at August 30, 2007 1:39 PM
they must be out of their minds. who would be such a fool to pay that amount for rather small spaces ?
Posted by: guest at August 30, 2007 2:06 PM
that rent is WAY TOO HIGH!!!! who are the dumbasses that pay that?
people make the market depending on what they are willing to pay, so you should always ask for less and NEVER pay this much!!!
Posted by: guest at August 30, 2007 2:28 PM
Its smart of them (from an @$$hole republican business perspective) to start with outlandish prices. Then when renters actually pay $200 less than originally asking, they feel like they are getting a deal. THEN, there will be precedent for charging $1500 for a studio in the area and next year they can really charge $1700. The @$$hole repbulican business-side of me is very pleased with this, because when I want to move to a bigger place and rent out my condo in Clinton Hill in a few years, I'll be able to cover mortgage payments, and then some. Life is good when you own.
All you renters out there, I suggest you scrounge, save, and borrow every penny to buy a place in Bed-Stuy, Kensington, Crown Heights, Bushwick, or even further. You cant stop these forces, and life is too short, so try to benefit from them, and do as much good as you can with your life, money, potential, and investment.
Posted by: guest at August 30, 2007 3:11 PM
How do you go from 2K for only 1BR to 2.3K-2.5K for 3BR? Only $150-$250 per extra room? Must be small ass extra BR's.
If this is the rent roll that developers (rental or condo-to-rental) need to avoid bankruptcy...OUCH!
Hey 3:11. You must be ignoring all the bad economic news on this house-of-cards economy of ours. Stock market's on life support. Click your heals and repeat after me, "There's no place like home. There's no place like home". When you wake up, take your own advice and scrounge/save 'cause your rental will command much less than you think when unemployment goes BOOM!
Posted by: guest at August 30, 2007 3:30 PM
$2000 for a 1 bedroom is the around the going rate...for now.
Posted by: guest at August 30, 2007 3:37 PM
$2000 for a 1 bedroom is the around the going rate...for now *THERE*? Really?
Posted by: guest at August 30, 2007 3:55 PM
650sf 1BRs in my building closer to the Bed-Stuy border of Clinton Hill have all rented for $1850 apparently. And we're 5+ blocks from the C train. So, as amazing as it sounds, these rents do seem in line with the current situation, esp in light of the fact that this bldg is a half block from the train.
Posted by: guest at August 30, 2007 4:20 PM
Seriously...are folks really paying these prices for rent?? Gentrification is sure as heck not taking the people into consideration.
Posted by: guest at August 30, 2007 4:32 PM
My girlfriend and I rent a one bedroom (top floor of a brownstone) on cambridge and greene and pay 1400. Guess I got lucky. I'd never pay 1700 for a smaller place with crappy contruction, that close to fulton.
Posted by: guest at August 30, 2007 6:02 PM
(I'm not saying fulton is bad, there's just way too much traffic there, both foot and vehicle)
Posted by: guest at August 30, 2007 6:26 PM
I used to live on that block for years, it's filthy and loud. I find it hard to believe people are going to pay that kind of money to sit on cheesy little balconies and breathe bus fumes while watching them fix cars across the street. I now live in in Crown Heights in a beautiful 2 bd duplex for $1200. Truly absurd.
Posted by: guest at August 30, 2007 6:49 PM
There isn't a bus on Washington Avenue, guest 6:49. But there are plenty of trucks. And whatever people are paying for rent in CH right now, I hope they won't pay it here. What a sad, sad shit sandwich.
Posted by: Rehab at August 30, 2007 8:51 PM
8:51 I assure you there most definitely IS a bus on Washington Avenue {at Bergen}. My bedroom was right above the bus stop. I breathed fumes every freaking day. I moved into CH about 8 months ago, and got this price. I wish I'd left Washington years ago.
Posted by: guest at August 31, 2007 12:26 AM
Is 12.26 a Troll? That bus in on Bergen in Prospect Heights, not Washington, and across Atlantic, nowhere near this building. The nearest buses are on Fulton, Vanderbilt, and Greene. Sounds like a victim of realtor smudging.
Posted by: guest at August 31, 2007 12:41 AM
snorting crack indeed for the price a studio.
Posted by: guest at August 31, 2007 12:55 AM
OMFG. Now we've got a rental bubble.
Posted by: guest at August 31, 2007 1:34 AM
do you ever check your facts? bricolage was superceded by another architect 1 1/2 years ago.
from the dob web site:
REQUEST TO SUPERCED ARCHITECT OF RECORD TO NEW APPLICANT- SANDOR WEISS,R.A.
,LIC.#014318. HEREWITH SUBMITTING AMENDED PLANS CHANGING LAYOUT,USE & OCCUP
ANCY OF ENTIRE BUILDING. REVISED SCHEDULES 'A' & 'B' HEREWITH FILED.
REVISED CC DESCRIPTION: INSTALL NEW 11'-0" LONG WITH (2) 1'-6" SPLAYS ON
WASHINGTON AVENUE DISTANT 241.08' SOUTH OF GATES AVENUE.
Posted by: guest at August 31, 2007 9:10 AM
I use to live on the coner of Fulton and Washington Ave. I could look out my bedroom window and see this building being built. The neighborhood has changed dramatically and as sad as it may be studio apartments and one bedrooms in the area are going for at least $1000-$1200. The traffic is pretty heavy on Washington Avenue and Fulton Street. Since the construction on Fulton St. began traffic has been a little light. Should the area command such high rents? "NO", but it does and if you want to live in Clinton Hill you have to pay these prices.
Posted by: oldclintonnewbedstuyresident at August 31, 2007 11:38 AM
I live directly across the street from those condos in a spacious 2-BR for which we pay $1700.
What the hell are they thinking?
Posted by: guest at August 31, 2007 12:33 PM
12:21. I'm not a troll, but I am mistaken. I thought these were the buildings on Washington Between Bergen and St. marks. SOrry, my mistake. I still think these are overpriced.
Posted by: guest at August 31, 2007 1:43 PM
i live @ 500 wash 2 doors down and pay $1180 for a 1-bedroom. no frills building with some definite issues (broken elevator! massive crowd out front!), but i'll deal anytime over paying that price for a 1-br, eps. just next door. does anyone know what the new building across the street is asking?
Posted by: guest at September 1, 2007 7:16 PM
It's an ugly building but renters like the area with rent going up anywhere, they should have no issue and can ask much more for the 3 Bedrooms and more for the balaconies.
Posted by: guest at September 3, 2007 11:33 AM
Though I don't love the look of this building, I'm thankful that at least it isn't one of those gray and glass monstrosities that seem to be going up all around my beloved Brooklyn. At least it looks somewhat like it might belong there.
Posted by: guest at September 11, 2007 2:51 PM
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