Gowanus: Rental Increases


So I’ve been reading all over the place that rents are going to be skyrocketing over the course of the next 3 years. I have a couple of tenants whose leases expire in a couple of months I am looking to increase rents at least 8% to 10% a month when they are up for renewal. These are all prewar renovated units in Prime Gowanus with wood floors and SS appliances. All my tenants pay on time. I dont really have any issues with them, however taxes, water, insurance, gas have all increased over the course of the past year. I want to hear from other landlords or tenants on how much there rents have increased over the years. Is a $200 increase the norm now a days??

Categories: Real Estate
By Gowanus_Bklyn | 03/20/2011 7:23 PM | Comment

Sub-Floor Help DIY


I’m doing a gut reno in one of my vacate units and the issue that I’m running into is with the sub-floor. I have original pine plank sub-floor, that is fine but I want to install a new lay of I ¼ inch sub-floor before I lay new hardwood floors.

Has any one placed a thin layer of new sub flooring over existing Original Pine Plank Sub-floor? And if so how did it turn out?

By Gowanus_Bklyn | 12/24/2009 1:36 PM | Comment

Broken Sewer Main


My sewer main is broken. After having it snaked and jetted. There seems to be a crack in the pipe 27 to 30 feet out in the middle of the street. Has anyone used Alex Figilioa Water and Sewer before?

Categories: Plumbing
By Gowanus_Bklyn | 11/19/2009 10:42 AM | Comment

Boiler Inspection


Hi All,

I’m looking for a company to inspect my boiler. Anyone have any good recommendations?

Thank you

Categories: Heating
By Gowanus_Bklyn | 10/06/2009 9:23 AM | Comment

Purchasing a Mixed-Use Gowanus


I am in the processes of purchasing a Mixed-Use Building on 3rd Ave between 8th and 9th (2 families over a store 3600 sq ft). It currently has an annual gross annual rent roll of $51,000.00. I negotiated the purchase price down to $625,000.00. The building is fairly in good condition. I’m concerned about the price, anyone have any opinions on this. Do you think the price is too high?

Categories: Real Estate
By Gowanus_Bklyn | 06/23/2009 9:36 PM | Comment