catherinebogin's Profile
- Catherine
- 2003
- 2005
- Brooklyn
- Sunset Park
- House
- Teacher - Music Publishing
- Female
- 40
- http://www.orgavsmecha.blogspot.com
Author's Posts
July 28, 2009
770 4th Ave Development Anyone?
Does anyone know what the building next to the new C-Town in Greenwood Heights (near 25th St and 4th ave) is going to be. I cannot find anything about it. The signs on the construction site give up little info.
July 26, 2009
Hard to Rent in G'wood Heights?
We purchased our home on 28th street in 07' and rented the 1 bedroom for 1500. originally. Our second tenants rented it for 1600. Now we find it difficult to rent it even at 1475. Are others in our area (Greenwood - South Slope) experiencing this kind of thing and can anyone recommend anywhere other than the obvious (craigslist etc.) to list our apartment. Thanks! Greatly appreciate any insight or input from seasoned homeowners/landlords in the area.
Author's Comments
Thank you everyone for the input both on the owner and the tenant side. As our rental is a part of what pays our mortgage it helps to know what we are facing in terms of financial hardships in the next year.
We have reduced the rent. Our last tenants rented it at 1600.00 a month. We've had a lot of people look at it but no serious bites. Four more have appointments over the next two days so fingers crossed. Its ironic because we had less people look at the place the first two years we owned it.
The apartment is nice, we renovated it first. Today after finding out the previous tenant broke both of the fixtures (and never bothered to mention it) we went out and purchased new fixtures for the bath and kitchen. It's not one of those brand new condos turned rentals... but it is clean, sunny, big (for 1 or 2 people) and quiet. We are slowly renovating the entire building as we can afford it. I love the Greenwood area of Brooklyn. We are committed to saving our little old frame house (its almost 100) no matter what the rental market throws at us. Hopefully we won't lose our shirts in the process.
Thanks again for the insights, I really appreciate it.
Posted by: catherinebogin at July 28, 2009 4:40 PM in response to Hard to Rent in G'wood Heights?
Responses to Author's Forum Comments
Like the posters said - rents are going down all over but Greenwood Heights or "South Slope" is especially difficult as it doesn't have much an identity as Park Slope and Sunset Park plus it's aesthetically challenged in the eyes of many (oh, 4th ave) Apart from a price adjustment, you can try NY Vacancies, Hotpads, maybe sort term or foreign students but be wary if you go down that route.
Posted by: Crownlfc at July 28, 2009 10:39 PM in response to Hard to Rent in G'wood Heights?
As a homeowner living around the corner on 28th Street (and a landlord who rents the top floor to young professionals) hopefully this hotel will be able to serve as a place for friends and family to stay when they are in town. It's a perfect spot for all of us to use for that purpose without breaking the bank.
If we fill it up with customers there won't be any need for the owners to resort to marketing a 1/2 hr rate. ;)
Posted by: catherinebogin at August 8, 2009 12:24 PM in response to Development Watch: Best Western Hits 4th Avenue