229 North 8th Goes Rental
229 North 8th, the Karl Fischer-designed condominium building that went on the market over a year ago (and underwent some price cuts earlier this month), has begun listing open units as rentals this week. The prices vary, but center around $2,500 for the one-bedrooms (around 700 square feet) and $3,500 for the two-bedrooms (around 1,100…
229 North 8th, the Karl Fischer-designed condominium building that went on the market over a year ago (and underwent some price cuts earlier this month), has begun listing open units as rentals this week. The prices vary, but center around $2,500 for the one-bedrooms (around 700 square feet) and $3,500 for the two-bedrooms (around 1,100 square feet), according to aptsandlofts.com. The rentals are also listed on Craigslist, and it seems that the units are still on sale as well, with prices from $465,000 to $699,000, according to StreetEasy. Also courtesy of StreetEasy, the reason it’s gone rental: No units are in contract. GMAP
Another FHA Special Launches [Brownstoner]
Development Watch: 229 North 8th [Brownstoner]
I’m getting sick of the knee-jerk insertion of the word “hipsters” into anything Wburg related. Buildings like this are not really renting to ‘hipsters’ or these mythical trust-funded faux bohemians. They’ll rent to post-college professionals, NYU and New School students, youngish people with salaried jobs who want to be near the nightlife action. If they can fill the super-pricey Avalon on the LES, I imagine this will do fine as a rental (the idea of anyone buying in it is laughable), especially if the one-bedrooms allow wall-building.
That said (and I live near the Lorimer L, so I walk by here a lot) it sure would be depressing to be surrounded by so many windswept, syringe-littered mud pits.
Jimmy If they do that with the rent its a shame.
I’ve been inside apartments in Stuy Town. Yes they’re pretty big. Yes the location is great. Unfortunately, it feels like there’s always a dark cloud over that place. Weirds me out.
hey brickoven, what…do you work in the stuytown sales office or something? 🙂 but seriously, it’s $2,245 *NET EFFECTIVE* rent. you get two months “free” rent which come at the *end* of the lease. so you basically move in and start paying $2,694/month which is a sizable $450 spread from what you thought you were going to be carrying. and then wait until you see that lease renewal after year 1. my year-over-year lease renewals for a 1BDRM went like this before i left: 2450->2700->3000+
and by driggs i obviously mean Roebling
Come on Wine Lover – keep it real!
I love K&M too – but it is a loud place. Anyone who looks at these apts and aren’t familiar with the neighborhood might rent a 2nd floor apt with their bedroom facing Driggs not realizing the unassuming perogi place across the street is actually a hoppin night club.
“dirty have you ever been in the apts. ? They are good size and they are nice.”
True. I have a cousin who lives there. Free flatscreen to boot.
“BHO, why are you under this impression that all homeowners are going to abandon their homes and start renting?? Can you not see the fact that inventory is soooo low in the brownstone market???”
You misunderstood me. I’m talking about developers entering the ‘rent-out’ market. Everyday it’s somebody else.
***Bid half off peak comps***
Qeef…we don’t like that kind of talk on the real estate threads. that said, you are welcome to join us in the OT and cf to your heart’s content. 🙂
whoa. i think i have a crush on you queef lateefa (great name btw!)
*rob*