Forum Archive

Need input on gauging mkt rental rate on an aptmt in Crown Heights North. Was intending to live there but now need to rent it out. Love it too much to consider selling it. “OK” knowledge of purchase but clueless of rental mkt hence looking for feedback. Know the protocol so here are the details. It’s on Dean & New York Ave. 4th flr pre-war walk-up coop, 2 bdrm, 1 maid’s qtr, 1.5 bath, L/R, formal D/R, 1200+ legit usable sq ft, pre war details, fire place, pier mirror,… Right now, it’s in solid condition but not mint move-in so have some renovation questions too. should I convert maid’s qtr to a big laundry & storage rm (ie for off season items that one doesnt want to put in the basemt storage area)? Should I convert the 1/2 bath to full bath? Should I put in washer/dryer? Would’ve done all this if I was living there but unsure if these changes make sense financially from a 4-rent perspective?