Renting Condos
Living in Park Slope, condo’s have been sprouting up like weeds. Considering the downturn in the market and the number of available units as a whole, what effect, if any, will renting high end condo’s (see NYT’s Article) have on those building that are not condo’s? Can they expect to compete at current rental rates…
Living in Park Slope, condo’s have been sprouting up like weeds. Considering the downturn in the market and the number of available units as a whole, what effect, if any, will renting high end condo’s (see NYT’s Article) have on those building that are not condo’s? Can they expect to compete at current rental rates or will they have to drop rent prices (which some are doing now)?
Gemini, 11217 is yanking your chain. : )
During the ’80s it never occurred to me to go past 9th St., I didn’t care WHAT it was called : )
11217 – am fighting b/c well I’m Irish and we like to fight. But according to my husband, it was all Park Slope – but no one really dared to go past 9th street as that was like a whole other world – according to him, so I appreciate your old neighbors not thinking Park Slope was past Carroll….
but seriously – am fighting it b/c then what do we call a spanse of streets and avenues that really isn’t considered Sunset Park? Where does the “city” say that Park Slope ends on 15th?
Such the lively debate. Only in Brooklyn can neighborhood lines be drawn so precisly. Gemini, good luck on your search. If you find anything appealing I would love to hear what you think.
Neighborhood boundaries (fighting over them at least) is silly, Gem. We are better than this.
But yes…both my neighbors have lived in the same building for over 45 years (they are both over 90) and they both think (still!) that Park Slope ends at 3rd Street. Neither of them even venture beyond the named streets. I’m serious!! They are too funny.
15th and 7th I’d call Park Slope.
16th and 7th I’d call Greenwood Heights.
It doesn’t matter that it’s a recent occurrence…I don’t like to live in the past.
The city states that Park Slope ends at 15th. Why are you fighting me on this one!?
😉
11217 – you know you are crazy!
my husband and all his friends grew up in Park Slope on all diff streets there. Maybe back then you didn’t want to hang out on 12th street and 6th avenue b/c it wasn’t ideal – but it was still called Park Slope!
The Greenwood Hts moniker was newly created in the past few years as was “south slope by realtors, so if that’s the case,then what would you call 15th street and 7th avenue – sunset park?? um don’t think so!
“ask any lifer and there’s NO SUCH THING AS GREENWOOD HTS”
Ask any lifer, and Park Slope ends at 3rd Street.
Or 9th at the farthest.
Mrssmith:
exactly. currently I own a 4 story bldg in south slope and we are in contract, so am moving at the end of Aug and into a rental. however I was a LL and rented out mu duplex apt for $2800 – 2 br’s 1.5 bathroo, a kitchen that was all granite and stainless with a huge island plus a W/D and outdoor space – so it was crazy to me going to see some places this weekend and looking at these trash bins for $400 less than what I was asking for my rental unit – it just made me furious
so I agree I think many LL’s will be forced to lower rent or renovate – it’s sick these LL’s who have kept these places in disarray are not the owners that frequent Brownstoner – these are long time owners who live in a mansion somewhere else and these bldgs are cash cows for them
@Gemini10 – I agree with you. Many LL we’re getting away with the rent by virtue of being in Park Slope. My situation is similar to yours where these apartments haven’t changed since the depression. The rental condo’s will force LL to either remodel or reduce rents. Why would anyone want to live in a rundown unit when down the street or in “Greenwood Heights” for some, is a brand new unit with all the amenities. Something has to give.
MrsSmithBK
I think yes these new condos that will turn rental will have an impact on apartments that have been able to command high rents for crap conditions
As I said in my previous post – I was shocked that for $2400 I was getting a 1.5 bedroom on a 3rd floor walk up that hadn’t been renvoated since 1960, hadn’t been painted in the past few years and had a leaky celing in the moldy bathroom!