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March 24, 2009
windsor place duplex rent
We have a duplex apartment on Windsor Place just off 8th avenue that we are going to rent to friends and we are trying to determine market rate for the rental. Would appreciate any help and thoughts.
Its a garden and parlor floor duplex with private entry and private access to the garden. The building is a two family with the the second floor apartment having separate entrance at the parlor floor.
The apartment is partially renovated.
Garden floor includes living room, kitchen, full bathroom (unrenovated), washer/dryer and access to the cellar. The kitchen is serviceable and large (eat-in) but has not been renovated.
On the parlor floor are two and a half bedrooms and a newly renovated full bathroom, that is pretty nice, if I say so myself.
We put in new cherry flooring throughout and took care of general patching, painting and making pretty.
Comments
My totally uninformed guess: $2600
Posted by: alsawo at March 24, 2009 5:28 PM
We too have a multifamily with a garden duplex. We live in the duplex and rent out the two upper floors as 2BRs. We are on a great block in Park Slope. I've always wondered what we would get if we were to rent out the duplex as well.
I think some factors that you should mention are total square feet, what utilities would be included and whether there is a washer/dryer.
I've always thought we could get closer to 3600/month for our place based on what we get for the two floor-throughs upstairs.
This is based on about 1,600 square feet. Private garden. Washer/Dryer. 2.5 BR + 3 season sun room. 2 Full baths. PS 321 zone on our side of the street.
Comparable in many ways to your place. But my figure is just a guess. It's hard to find duplexes for rent to compare to.
Posted by: phripley at March 24, 2009 5:52 PM
op here:
phripley, thanks for your thoughts, here is that additional info:
its about 1,450sf, plus the cellar (not finished but good for storage), utilities not included, but has a washer/dryer.
we get $2,000 for the upstairs which is a 650sf floor through 1 1/2 bedroom, so i'm pretty sure it should be in the $3K+ range, I'm just not sure of the +.
Posted by: 11216 at March 24, 2009 6:16 PM
We have a 2br/ 1 1/2 bath upper duplex in Carroll Gardens (borders Cobble Hill) with a wbfp, two small terraces, w/d and d/w. We pay $3k per month not including utilities. I am not sure you can get $3K+ in this market in Winsor Terrace, probably south of $3K would be more in line with actual market.
Posted by: mbt48 at March 25, 2009 12:16 PM
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