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January 30, 2008
Rental of the Day: 126 4th Avenue
When we first posted about the big new rental on 4th Avenue and Baltic a couple of months ago, the general consensus about the building’s design was more or less summed up by one comment: “Beaten badly by the Ugly Stick. Again and again.” Nevertheless, the development brings the first batch of new-construction rentals to the Boerum Hill-Park Slope-Gowanus border area on 4th (the avenue has, of course, otherwise been flooded with condos builds), and so it’ll be interesting to see how much demand there is for these apartments. Listings have gone up for one- and two-bedroom units in the building at 126 4th Avenue (ready for move-ins by March), and they’re looking to get between $2,400 and $2,500 for the one-bedrooms and around $3,000 for the two-bedroom, 1-baths. Amenities include central air and many of the units have terraces, but tenants have to pay for their own utilities. Rosetta Farrell, the Heights Berkeley Realty agent who’s handling the listings, says the rents are standard for the area, and that she expects the apartments to be snapped up quickly given the dearth of new rentals in the Slope. “Considering all the amenities and the fact that it’s a new building, I think they’re very reasonable,” says Farrell.
126 4th Avenue (click thru for listings) [Heights Berkeley]
Development Watch: 126 4th Avenue [Brownstoner] GMAP
Interior shots from Heights Berkeley Realty.
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Comments
Renters could care less how ugly the buidling is.
Posted by: guest at January 30, 2008 12:47 PM
$3000 IS STANDARD FOR A 2BR IN THE AREA?
BULL.
Not in the -immediate- area, thats for sure.
Posted by: guest at January 30, 2008 12:48 PM
That's not a rental, that's a dorm. And yeah, my dorm room was overpriced too.
Posted by: guest at January 30, 2008 12:55 PM
I'd pay DOUBLE just to have a Papa Fuckin' Johns next door!!!!
Posted by: guest at January 30, 2008 12:55 PM
"I think they’re very reasonable,” says Farrell."
Total crap. Overpriced for this POS
Posted by: guest at January 30, 2008 12:57 PM
$3000? They are kidding themselves.
Posted by: guest at January 30, 2008 12:58 PM
no way in hell i would live there and im looking in the area
Posted by: guest at January 30, 2008 1:00 PM
These asshats have the NERVE to call it "Park Slope/ Boerum Hill".
Posted by: guest at January 30, 2008 1:00 PM
The Brooklyn House of Detention on Atlantic Avenue has a nicer exterior than this building.
Posted by: guest at January 30, 2008 1:05 PM
As least the city can get a feel for what the jail on Atlantic will look like when they convert it to condos.
Posted by: guest at January 30, 2008 1:05 PM
1:00....
ummmm...it is on the border between park slope and boreum hill. why can't they call it what it is, exactly?
Posted by: guest at January 30, 2008 1:08 PM
1:05. that project was nixed.
Posted by: guest at January 30, 2008 1:08 PM
I see whaite cabinets ahve made their way to rentals. I like teh look of white cabinetry, but I wonder if upkeep is difficult.
Posted by: guest at January 30, 2008 1:11 PM
Pizza sauce from Papa John's will be splattered on the white cabinets after the first fratboy parties at this shithole. The Cherry Tree must be licking their chops at the anticipated influx of fathead renters...
Posted by: guest at January 30, 2008 1:13 PM
These look pretty nice inside actually.
Renters are not picky. They will see new, central air, a couple blocks stumbling distance to some great restarants and bars and sign on the dotted line.
There is stuff a lot crappier than this out there.
Posted by: guest at January 30, 2008 1:13 PM
I was thinking about 12:55's request (joke?) for a chain pizza restaurant when I noticed something I missed earlier--there appears to be no retail space in this building! How can a developer build on a major commercial street and not include retail? Further proof of the POS-ness of this slab o' bricks. (Yeah, I'm pretty sure 12:55 was joking. The profanity is the give-away, I think.)
Posted by: guest at January 30, 2008 1:14 PM
Another step forward for the Park Ave / Champs Elysee of Brooklyn. Can't wait until more of these get built by our city's finest architects.
Posted by: guest at January 30, 2008 1:14 PM
"These asshats have the NERVE to call it "Park Slope/ Boerum Hill"."
Uh, it's on the border of Park Slope and Boerum Hill! Sounds appropriate to me. Otherwise the place is overpriced and ugly. I'd keep looking.
Posted by: guest at January 30, 2008 1:16 PM
1:14....that wasn't a joke.
a papa john's just opened right near this place.
Posted by: guest at January 30, 2008 1:16 PM
The one Brookyn ave that the world see's during the marathon
Makes me proud
Posted by: guest at January 30, 2008 1:17 PM
1:13
Pure broker speak if I've ever seen it...
"These look pretty nice inside actually.Renters are not picky. They will see new, central air, a couple blocks stumbling distance to some great restarants and bars and sign on the dotted line. There is stuff a lot crappier than this out there."
Such guilt, yet such arrogance! Touche!
Posted by: guest at January 30, 2008 1:18 PM
Next door.
Posted by: guest at January 30, 2008 1:18 PM
Uh... the Papa John's is right in the picture. Red sign next to this building.
Posted by: zinka at January 30, 2008 1:20 PM
Maybe Papa himself will be renting out one of these sweeeeeet units.
Posted by: guest at January 30, 2008 1:22 PM
I say fratboy whorehouse. Think of the revenue possibilities!
Posted by: guest at January 30, 2008 1:24 PM
Thanks, 1:16 and 1:20. I wouldn't, and clearly didn't, know the Papa John's logo if/when I see it. Glad I didn't make a presumption about the 12:55 post. But my main point stands, why aren't there stores in the base of this building? -- 1:14
Posted by: guest at January 30, 2008 1:25 PM
Failed as a hotel. Failed as a condo. Will fail as a rental until the prices come down.
Posted by: guest at January 30, 2008 1:27 PM
Someone needs to put a giant LeBron billboard on the side of that monstrosity.
Posted by: guest at January 30, 2008 1:29 PM
"Someone needs to put a giant LeBron billboard on the side of that monstrosity."
No! STRAHAN. This is NYC!!
Posted by: guest at January 30, 2008 1:33 PM
This is appropriately craptastic for gow-ANUS.
Posted by: guest at January 30, 2008 1:37 PM
It was never to be a hotel or condos, 1:27.
Whoever told you that gave you false information.
Posted by: guest at January 30, 2008 1:38 PM
lebron will be a knick soon enough, 1:33
Posted by: guest at January 30, 2008 1:40 PM
typical Brownstoner commentary - not an interesting or informative one in the bunch!
I love the B.S. "renters dont care what the building looks like" - HELLO - most apartment buyers don't care all that much what the exterior looks like. I mean sure all things being equal most people would rather live in an attractive building BUT all things arent equal. So how much of a premium do you think someone is really will to pay (in rent or price) for a "more attractive building" - if you think the premium is more then 15% you are nuts.
Now whether these rentals are expensive or not is yet to be determined, and the beauty of a rental is the owners can negotiate or raise and lower the rents in direct response to demand but all you people whining that b/c you think the building is ugly=the apartments wont rent is just ridiculous. Last I looked they have no trouble renting (at very high rents BTW) in Stuyvesant Town and that is essentially a "project".
And this building wasnt built as a condo or a hotel 1:27 so your comment is (typically) uninformed
Posted by: guest at January 30, 2008 1:43 PM
Oh but I agree with 1:25 it is just plain dumb - from so many perspectives (including a financial one) that there is no retail on the ground floor. It should practically be mandated by zoning.
Posted by: guest at January 30, 2008 1:45 PM
"lebron will be a knick soon enough, 1:33"
In your dreams. He's too smart to come here to LOSE.
Posted by: guest at January 30, 2008 1:50 PM
i think these will rent. most people prefer clean new spaces with A/C. convenient to transportation, blah blah... it'll be easy.
not a broker and don't currently live in the area even, but just realistic.
also, i agree that people are WAY more concerned about the inside than the outside, especially renting.
Posted by: guest at January 30, 2008 1:51 PM
LeBron will follow the CASH. And look at how he is able to win with that clown show he's got in Cleve!
Posted by: guest at January 30, 2008 1:51 PM
It's an open listing -- every broker in the Slope has it. The units themselves aren't bad -- some have amazing views, and they ALL have individual washer-dryers. Price is negotiable.
The advertising campaign should be, "Live here so that you don't have to see this monstrosity from your windows."
Posted by: guest at January 30, 2008 1:55 PM
"LeBron will follow the CASH. And look at how he is able to win with that clown show he's got in Cleve!"
He's already got plenty of cash, and he'll get that wherever he goes. Why would he come to the Knicks to get paid? There is no bigger clown show in the ENTIRE UNIVERSE than what's happening at MSQ. And I'm a Knicks fan!
Posted by: guest at January 30, 2008 1:57 PM
"typical Brownstoner commentary - not an interesting or informative one in the bunch!"
1:43 - Irony or self-deprecation?
Posted by: guest at January 30, 2008 2:08 PM
Went to the Warren Lewis open house in this building which was held there on Sunday. Don't know if they were all interested in renting units but there were alot of people looking. Outside is nothing to write home about but the interior is actually nice. They may rent these pretty quickly because of the onsite parking garage.
Posted by: guest at January 30, 2008 2:15 PM
You people are right - the fact that the typical brownstone rental is dark, cramped, has a weired (cutup) layout, old appliances and fixtures, is in a walk-up building with inadequate plumbing and electric service, is typically managed by an inexperienced homeowner, and has no laundry facility within the building is more then madeup for by the fact that the outside looks nice.
Posted by: guest at January 30, 2008 2:18 PM
how big are these?
Posted by: guest at January 30, 2008 2:22 PM
sounds like you are a happy person, 2:18.
my brownstone is none of those things.
maybe you need to move.
never been in a brownstone without laundry in the building, btw.
Posted by: guest at January 30, 2008 2:23 PM
LeBron cant afford to live here
Posted by: guest at January 30, 2008 2:24 PM
2:23 - really? your Brownstone rental apartment has an elevator? professional management, updated electric and plumbing and new appliances - any listing you could point to for that - any apartments available?
Posted by: guest at January 30, 2008 2:31 PM
this neighborhood shall now be known as (pick one)
- PaBO Hill
- BoPa Slope
- Hill Slope
- Slope Hill
- BoSlop
- PaSloBo
I could keep going, but you get the picture.
I'm a comedian.
Posted by: guest at January 30, 2008 2:32 PM
All new buildings suck. Landmark everything. I love vacant lots. Buck Hillary. Free Peltier.
Posted by: guest at January 30, 2008 2:38 PM
I walk past this building every day. My complaint about 4th avenue is the noise-- the volume of truck traffic is incredible. The traffic jams up every weekday morning, and trucks lay on their horns regularly. There are a lot of auto-body and other light industry spots along Gowanus whose trucks pass right near this building.
In short, given the surrounding environment, the rent is too high. Note also that another mult-unit condo building (which may be rental also) is soon going up a block away on 4th. Hopefully, rents will do their thing and soon follow the declining sales market.
Posted by: guest at January 30, 2008 2:42 PM
my friend rents in a similarly hideous building called hudson crossing on 37th and 9th avenue in Manhattan. And you think the truck traffic is bad here??? Try living outside the on ramp to the Lincoln Tunnel.
He and the other 200 or so tenants don't seem to mind paying $3500 for a 1 bedroom, so I really don't think it's going to be a problem.
You all don't know the NYC rental market very well.
Posted by: guest at January 30, 2008 2:53 PM
2:18, all those amenities you crave won't mean shit once you realize the paper thin walls between your slick new apartment and the guy who listens to industrial noise metal while he hosts orgies next door.
Posted by: guest at January 30, 2008 2:53 PM
I call this neighborhood, " Burp". It doesnt stand for anything really. Its just a feeling I guess...
Posted by: guest at January 30, 2008 2:54 PM
My brownstone rental apartment has new electric, new windows and new appliances. The landlord lives in the building and fixes everything promptly. It's also about 60% the price of this place.
Sure, it doesn't have laundry in the building, but the money I save every month on rent would pay for over 2000 pounds of fluff-and-fold service at the laudromat less than a block away.
I can live with that compromise.
Posted by: guest at January 30, 2008 2:55 PM
Hey 2:53
"You all don't know the NYC rental market very well."
We don't have to. THIS IS A BROOKLYN BLOG ABOUT BROOKLYN PROPERTIES.
When were we EVER talking asbout what IDIOTS pay in MANHATTAN?
Its about a price being charged in BROOKLYN!
Get it?
Posted by: guest at January 30, 2008 2:57 PM
That may be, 2:53,
that your friend pays up the wazoo to rent in a similarly-hideous location in Manhattan, but the difference is: that's Manhattan, the vaunted "City". That's your difference right there.
Posted by: guest at January 30, 2008 3:00 PM
2:53 - yeah because I cant hear every goddamn word being said and every step taken by my upstairs neighbor in a brownstone! And the creaking stairs are a nice touch too!
Sorry but poured concrete floors are far quieter then wood beams and plaster.
Posted by: guest at January 30, 2008 3:01 PM
re: neighborhood names.
An friend of mine calls the area between 3rd Ave and Carroll Gardens as " Dope Slope" because he'd always meet his drugdealer on the 3rd Street bridge. Then he walks back up the hill to Park Slope.
Posted by: guest at January 30, 2008 3:02 PM
2:55 nice little anecdote - too bad your situation is the rare exception and you are paying below market rate rent to boot. How about posting a listing or two of something actually available so as to make a relevant contribution.
Posted by: guest at January 30, 2008 3:04 PM
3:04 - And your relevant contribution is what, exactly?
Hit Craigslist or visit ANY of the local Slope realtors and you will see how grossly overpriced this place is.
Posted by: guest at January 30, 2008 3:07 PM
i get 1700 for my studio in park slope.
i know you've heard it all before.
just rented a second one out for 1650.
think your prices are a little outdated, 3:09.
Posted by: guest at January 30, 2008 3:13 PM
I like the looks of this one:
- http://www.vlshomes.com/listings/listing.cfm?in_listing=5383632
$2K for 2Br right off Plaza street in Prospect Heights.
Posted by: guest at January 30, 2008 3:13 PM
3:13
I just looked at a 700sqf 1bed above the new chase bank on 5th ave yesterday that was $1650
yr ripping people off. Kinda sucks.
Posted by: guest at January 30, 2008 3:18 PM
"i get 1700 for my studio in park slope."
But isn't it in the precious oh-so-desirable North Slope, not the non-Slope side of 4th Avenue? Anyhooo...
Sure, people MIGHT pay the prices this place is asking. But only stupid people who do not look around even a teensy-weensy bit.
Posted by: guest at January 30, 2008 3:19 PM
Beautiful building. It reminds me of 15 CPW.
Posted by: guest at January 30, 2008 3:23 PM
3:18...
my building is on a side street between 7th and 8th in a perfectly renovated brownstone. i had over 40 people come through from the ad, so obviously some people thought it was an ok price.
above the chase bank is really nice, but nothing like a treelined side street near to the park.
Posted by: guest at January 30, 2008 3:26 PM
Diffent prices for brownstone apts. then for elevator , new construction, apt. buildings.
Great we have options. THere is definite portion of market that has strong preference for each type.
But the asking rents for this place are probably on mark.
Posted by: guest at January 30, 2008 3:34 PM
"But the asking rents for this place are probably on mark."
I believe you misspelled th last word. It should be spelled c-r-a-c-k.
Posted by: guest at January 30, 2008 3:41 PM
What is so sad is that all of you people who are saying this is way overpriced are too lazy to actually post a link to a comparable apartment nearby that rents for significantly less. I mean it is 2008, there is craigslist, it has pictures and descriptions and complete pricing information - UNLESS maybe you aren't lazy at all - maybe your just talking out of your a$$.
Posted by: guest at January 30, 2008 3:53 PM
yep
http://newyork.craigslist.org/brk/fee/556897809.html
it has pictures and pretty much accross the street. $1750
Posted by: guest at January 30, 2008 4:14 PM
you are comparing that place to a brand new place with central air and washer/dryer in every unit??
uhhhh....ok.
the idea was to find COMPARABLE rentals.
Posted by: guest at January 30, 2008 4:17 PM
ok well have fun living on 4th ave for $2500 a month.
Posted by: guest at January 30, 2008 4:19 PM
nice job 4:14 - your listing does support the idea that maybe these are overpriced; of course we don't know what floor the listing is on (presumably not an elevator building) or what the general building condition is nor can we tell what the kitchen is like. I'd guess it doesnt have a dishwasher or a washer/dryer but utilities are included.
But its a start....but even based on this listing - how overpriced could these apartments be 300-400 at MOST?
Posted by: guest at January 30, 2008 4:21 PM
4:21: I'd say that's about right. Not insane, just a bit inflated.
Posted by: Carol Gardens at January 30, 2008 4:27 PM
these are rentals...not condos...if someone walks in and seems remotely interested, but then start walking out, the broker says...fine...i'll give it to you for 2200. that's the way it works. not all will sell for 2500, but a few suckers will pay it and a few will pay closer to 2000.
it's like buying a car. get a clue, people.
these will rent in no time.
Posted by: guest at January 30, 2008 4:28 PM
4:17 - Are you seriously willing to pay $750 (about a 40% premium) more per month for central a/c and w/d?
Posted by: guest at January 30, 2008 4:28 PM
4:17 - Are you seriously willing to pay $750 (about a 40% premium) more per month for central a/c and w/d?
yes.
Posted by: guest at January 30, 2008 4:32 PM
this is on the other side of 4th (a plus), may not have an elevator (a minus) compared to the units being discussed. also is there a broker fee for the new units being rented?
http://newyork.craigslist.org/brk/fee/553390967.html
Posted by: guest at January 30, 2008 4:36 PM
any grown person who lives without central air and laundry is ridiculous.
i had central air in the bloody '70's for god sake. stupid dirty A/C units hanging out of ugly old buildings has to be the tackiest thing ever. way way uglier than this plain new building.
i own, but i would consider this clean rental - a/c, laundry AND parking? that's hugely helpful.
of course, i also thinking renting is ridiculous for grown ups as well.
Posted by: guest at January 30, 2008 4:36 PM
4:36 - doesnt that sort of make the case that these arent really overpriced - $2300 - for a (presumably) comparable apartment (stainless steel appliances etc...) on the top floor of a walkup (it says its a 5plex); trading a roofdeck for an elevator and central air???
I don't know but based on this it seems like $2400 for one of these is pretty close to market (within $200 anyway)
Posted by: guest at January 30, 2008 4:43 PM
"Any grown person who lives without central air and laundry is ridiculous."
So, all of those lovely brownstones that lack a/c are ridiculous?
I think you are on the wrong blog.
And in the wrong city. Try Houston. The whole damn city is air-conditioned. And unlike New York, you actually need the a/c more than a few days a year.
Posted by: guest at January 30, 2008 4:44 PM
4:43 --
I'm 4:36. Yes that is my point, I don't think these units are overpriced. And the roofdeck of the $2300 1BR is shared so not exclusive to it I think.
Posted by: guest at January 30, 2008 4:52 PM
Thank you for the listing, 4:36....
You have just proved that the previous 85 comments about this place being grossly overpriced was nothing but a bunch of hot air.
Per usual.
Posted by: guest at January 30, 2008 4:54 PM
The market will decide, no?
Let's all check back in a month and see if they have flown off the shelves or languished.
Posted by: guest at January 30, 2008 4:57 PM
Could we please just stop fighting and enjoy a piping hot pie from Papa John's? I'm buyin'!
Posted by: guest at January 30, 2008 5:05 PM
I'm just glad this ugly build-o-rental ain't in my hood.
Posted by: guest at January 30, 2008 5:08 PM
Amen, 5:08! But they can comfort themselves by drying their tears with the central AC.
Posted by: guest at January 30, 2008 5:10 PM
I like the way this looks a lot better than the rat and needle infested lot that stood there before it.
But what do I know.
Posted by: guest at January 30, 2008 5:11 PM
I could build a better looking building out of rats and needles. But my proposal was rejected because I didn't know who to blow.
Posted by: guest at January 30, 2008 5:16 PM
4:17 - Are you seriously willing to pay $750 (about a 40% premium) more per month for central a/c and w/d?
yes.
4:32 - get a window a/c and a sponge and save yourself $9000/yr. In a couple of years, you can save enough $$ for a down payment on one of these units.
Posted by: guest at January 30, 2008 5:52 PM
i've got money to burn, 5:52.
landing this 150K a year job at 25 lets me do pretty much anything i want.
and the contract through 2012 helps with the job stability.
god i love ny!
Posted by: guest at January 30, 2008 5:56 PM
So you make $150k and would choose to live this crapshack?
Didn't think so.
Posted by: guest at January 30, 2008 6:27 PM
Who would want parking? This building is only a couple blocks from more subway lines than you can imagine.
Posted by: zinka at January 30, 2008 6:37 PM
Why do people keep saying this place has central air? Look at the picture people. It has Fedders, those ugly through the wall units. That is NOT central AC
Posted by: guest at January 30, 2008 6:49 PM
When the bossman sees where you're living 5:56, he's gonna tear up that contract and send you back to Columbus, OH.
Posted by: guest at January 30, 2008 7:12 PM
OK, I'm sorry, I haven't read any of the previous posts, I will, but before I do I want to ask: is this the ugliest building ever? I mean possibly ever built anywhere? It is breathtaking in its banality. it is really depressing.
Posted by: guest at January 30, 2008 7:43 PM
The bossman lives in Park Slope too, 7:12.
All the cool people, do.
Posted by: guest at January 30, 2008 7:43 PM
Yeah, 7:43, but the bossman lives in a sweet 3 million dollar brownstone on the park. Not a shitshoddy fuglified building on the "wrong" side of 4th ave.
Posted by: guest at January 30, 2008 8:12 PM
100.
Now, let this thread softly die, as this hideous building has already gotten far more attention than it deserves.
Posted by: guest at January 30, 2008 8:13 PM
Let's go for 200!!!!
Posted by: guest at January 30, 2008 9:41 PM
4:44 - yes, brownstones without A/C are laughable. living in victorian shit hole sweating your ass off trying to put your make up on in the morning. yuck yuck.
Posted by: guest at January 30, 2008 11:44 PM
Enjoy your cheap Home Depot fixtures, "modern" shitbox rental lovers. And the cheap assed labor that built these buildings shoddily. Fucktards deserve what you get. Asshats on parade!
Posted by: guest at January 31, 2008 6:25 AM
why didnt they put windows on the side of the building?
and the windows are tiny.
eh
Posted by: Santa at January 31, 2008 7:59 AM
Larger windows are expensive.
While the design is modern, this was a very low-cost construction.
Posted by: Polemicist at January 31, 2008 10:02 AM
Design? What design? Can anybody explain why the top of the glass arch is cut off? Measure twice, cut once. Or at least measure once.
Posted by: guest at January 31, 2008 10:37 AM
cheap materials, cheap labor, cheap architect, slimy developer, HORRIBLE EYESORE.
Posted by: guest at January 31, 2008 10:52 AM
Looks like the mental ward they gots over on Rosevelt Island
Rent will be $0 once AY is built.
Posted by: guest at January 31, 2008 12:44 PM
I rented on 4th ave a bit north of there up until a couple months ago (And was spending $1500/mo)...What they are asking is aggressive, but whether they have a prayer of getting $2400 for a 1BR depends on the sound insulation more than anything else...The street noise is what drove me away more than anything else...And with AY construction starting, the noise will be getting even worse at night, since trucks will be going up 4th non-stop delivering equipment, raw materials, and hauling away debris...
Posted by: guest at February 1, 2008 3:40 PM
SHOCKING NEWS!
Two weeks later and the prices are dropping.
A $3000 2BR is listed $2800 and a $2500 1BR is listed at $2300.
How much more will they have to chop?
Posted by: guest at February 11, 2008 8:42 PM
I looked at these units and everything about them is barf. Many one bdrms have the washer dryer IN the bedroom... are you kidding me? Oh yea, it's probably worth noting that they are negotiable on the rent and parking spots too. I could have taken one for 2300 and 250 for the spot when I was told 2500 and 275 for the spot. But no thanks, I will keep looking.
Posted by: guest at March 25, 2008 9:34 PM
If anyone would like to rent one... and they are renting fast. we only charge one month as a fee. The park slope brokers charge crazy high prices.
The building may be ugly and I agree. I would be mad if I had to llok at it from my pretty looking brownstone but its has
a state of the art gym free to residents
boschwasher/dryer in every unit
bike racks
garage if needed
CCTv & video Intercome
gorgeous hig end kitchen w/bosch D/W
stunning baths
hardwood floors
its rent stablized
air conditioning in every room
some apts have terraces bigger than most backyards in brooklyn
if you want to see it call 646-358-2493 only a one month fee.
Posted by: guest at April 30, 2008 12:48 PM
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