$4,500 /mo Garden Level floor through in Clinton Hill?

Not just this owner….this is a tactic of some brokers, at least of this brokerage firm in particular. They want rents to rise so their commissions are higher. Sounds nuts, I know, but you see many of these inflated listings on their site sometimes. For example, a friend trying to rent her floor-thru coop contacted them…they put it on their site at a similar inflated price, convincing her that was the right price, and brought her NO potential renters. When she did succeed in renting it herself, for a price closer to $2500, and told them it was rented, they slapped a rented tag on the listing on their site, with the inflated price, implying it rented for something over 4 grand, which it never would have. Beware renters of such tactics. Silly landlords, beware, too…it wastes your time.

brokelin

in Real Estate - Rentals 11 years and 11 months ago

7

Please log in, in order to post replies!

7 replies

Newest Oldest

rustydevon | 11 years and 11 months ago

string(1) "1"
object(WP_User)#4903 (8) {
  ["data"]=>
  object(stdClass)#4891 (12) {
    ["ID"]=>
    string(5) "32496"
    ["user_login"]=>
    string(10) "rustydevon"
    ["user_pass"]=>
    string(34) "$P$BOftAzrUH1026WyyMo9yi7FLINMQLR/"
    ["user_nicename"]=>
    string(10) "rustydevon"
    ["user_email"]=>
    string(21) "devon@nomdeguerre.net"
    ["user_url"]=>
    string(25) "/forums/users/rustydevon/"
    ["user_registered"]=>
    string(19) "2017-08-10 13:48:14"
    ["user_activation_key"]=>
    string(0) ""
    ["user_status"]=>
    string(1) "0"
    ["display_name"]=>
    string(10) "rustydevon"
    ["spam"]=>
    string(1) "0"
    ["deleted"]=>
    string(1) "0"
  }
  ["ID"]=>
  int(32496)
  ["caps"]=>
  array(2) {
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["cap_key"]=>
  string(15) "wp_capabilities"
  ["roles"]=>
  array(2) {
    [0]=>
    string(10) "subscriber"
    [1]=>
    string(15) "bbp_participant"
  }
  ["allcaps"]=>
  array(4) {
    ["read"]=>
    bool(true)
    ["level_0"]=>
    bool(true)
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["filter"]=>
  NULL
  ["site_id":"WP_User":private]=>
  int(1)
}

I came across this rental listing today. The price seems very unrealistic, but as the future landlord of a very similar apartment, I’m wondering just how unrealistic this is these days. Anyone heard of prices close to this for a newly renovated Garden Level floor through? http://www.corcoran.com/nyc/Listings/Display/2589114

RunJoe | 11 years and 11 months ago

string(1) "1"
object(WP_User)#4902 (8) {
  ["data"]=>
  object(stdClass)#4901 (12) {
    ["ID"]=>
    string(5) "25757"
    ["user_login"]=>
    string(6) "RunJoe"
    ["user_pass"]=>
    string(0) ""
    ["user_nicename"]=>
    string(22) "colonel-steve-austin-2"
    ["user_email"]=>
    string(16) "icdclcmc@aol.com"
    ["user_url"]=>
    string(22) "/forums/users/run-joe/"
    ["user_registered"]=>
    string(19) "2017-08-17 21:41:42"
    ["user_activation_key"]=>
    string(20) "MAdLwlb2ioHYS1BNdQov"
    ["user_status"]=>
    string(1) "0"
    ["display_name"]=>
    string(20) "Colonel Steve Austin"
    ["spam"]=>
    string(1) "0"
    ["deleted"]=>
    string(1) "0"
  }
  ["ID"]=>
  int(25757)
  ["caps"]=>
  array(2) {
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["cap_key"]=>
  string(15) "wp_capabilities"
  ["roles"]=>
  array(2) {
    [0]=>
    string(10) "subscriber"
    [1]=>
    string(15) "bbp_participant"
  }
  ["allcaps"]=>
  array(4) {
    ["read"]=>
    bool(true)
    ["level_0"]=>
    bool(true)
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["filter"]=>
  NULL
  ["site_id":"WP_User":private]=>
  int(1)
}

That’s a crack house… ie. the owner/broker is smoking crack if they think they’re gonna get $4500/month.  That apartment is $2500 at best.

nyc_sport | 11 years and 11 months ago

string(1) "1"
object(WP_User)#4898 (8) {
  ["data"]=>
  object(stdClass)#4904 (12) {
    ["ID"]=>
    string(5) "39535"
    ["user_login"]=>
    string(9) "nyc_sport"
    ["user_pass"]=>
    string(34) "$P$BFv.HDXnnlYzjvInY5Q64aXS/5iuhf1"
    ["user_nicename"]=>
    string(9) "nyc_sport"
    ["user_email"]=>
    string(16) "btfraw@yahoo.com"
    ["user_url"]=>
    string(24) "/forums/users/nyc_sport/"
    ["user_registered"]=>
    string(19) "2017-08-10 14:16:50"
    ["user_activation_key"]=>
    string(45) "1716947865:$P$BBdyqKX22eBh6JksYu8L5KasH0jSlb."
    ["user_status"]=>
    string(1) "0"
    ["display_name"]=>
    string(9) "nyc_sport"
    ["spam"]=>
    string(1) "0"
    ["deleted"]=>
    string(1) "0"
  }
  ["ID"]=>
  int(39535)
  ["caps"]=>
  array(2) {
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["cap_key"]=>
  string(15) "wp_capabilities"
  ["roles"]=>
  array(2) {
    [0]=>
    string(10) "subscriber"
    [1]=>
    string(15) "bbp_participant"
  }
  ["allcaps"]=>
  array(4) {
    ["read"]=>
    bool(true)
    ["level_0"]=>
    bool(true)
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["filter"]=>
  NULL
  ["site_id":"WP_User":private]=>
  int(1)
}

“owner/broker.”  ’nuff said.

Greene44 | 11 years and 11 months ago

string(1) "1"
object(WP_User)#4903 (8) {
  ["data"]=>
  object(stdClass)#4905 (12) {
    ["ID"]=>
    string(6) "107732"
    ["user_login"]=>
    string(8) "Greene44"
    ["user_pass"]=>
    string(0) ""
    ["user_nicename"]=>
    string(8) "Greene44"
    ["user_email"]=>
    string(19) "jtaratoot@gmail.com"
    ["user_url"]=>
    string(0) ""
    ["user_registered"]=>
    string(19) "2011-01-07 23:01:28"
    ["user_activation_key"]=>
    string(0) ""
    ["user_status"]=>
    string(1) "0"
    ["display_name"]=>
    string(8) "Greene44"
    ["spam"]=>
    string(1) "0"
    ["deleted"]=>
    string(1) "0"
  }
  ["ID"]=>
  int(107732)
  ["caps"]=>
  array(0) {
  }
  ["cap_key"]=>
  string(15) "wp_capabilities"
  ["roles"]=>
  array(0) {
  }
  ["allcaps"]=>
  array(0) {
  }
  ["filter"]=>
  NULL
  ["site_id":"WP_User":private]=>
  int(1)
}

Yeah, this guy is crazy. I live on Greene and Clermont in a garden apartment (floor through with huge backyard) and pay $2000\.  We’re looking for a new apartment (need a 1.5) and there’s no way we’d go that high. Like Run-Joe said – $2500 MAYBE, but that’s a huge stretch for this particular unit.

Bklnite | 11 years and 11 months ago

string(1) "1"
object(WP_User)#4902 (8) {
  ["data"]=>
  object(stdClass)#5113 (12) {
    ["ID"]=>
    string(4) "7850"
    ["user_login"]=>
    string(7) "Bklnite"
    ["user_pass"]=>
    string(0) ""
    ["user_nicename"]=>
    string(7) "bklnite"
    ["user_email"]=>
    string(26) "walter.wallace@verizon.net"
    ["user_url"]=>
    string(49) "http://bstoner.wpengine.com/forums/users/bklnite/"
    ["user_registered"]=>
    string(19) "2017-08-10 14:14:37"
    ["user_activation_key"]=>
    string(20) "1V5ZMAVHXeMndDuQZnyh"
    ["user_status"]=>
    string(1) "0"
    ["display_name"]=>
    string(7) "Bklnite"
    ["spam"]=>
    string(1) "0"
    ["deleted"]=>
    string(1) "0"
  }
  ["ID"]=>
  int(7850)
  ["caps"]=>
  array(2) {
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["cap_key"]=>
  string(15) "wp_capabilities"
  ["roles"]=>
  array(2) {
    [0]=>
    string(10) "subscriber"
    [1]=>
    string(15) "bbp_participant"
  }
  ["allcaps"]=>
  array(4) {
    ["read"]=>
    bool(true)
    ["level_0"]=>
    bool(true)
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["filter"]=>
  NULL
  ["site_id":"WP_User":private]=>
  int(1)
}

Asking rent is definitely an outlier. I wouldn’t have the balls to ask that much as a landlord; and wouldn’t pay that much as a renter. $2500 is probably about the median (not the max) for a 2BR garden apt in the area.  A little googling shows that the bldg was listed in 2011 for $999k described as “HOUSE NEEDS TOTAL RENOVATION” … the Corocoran broker paid 75k over ask, took a 594k mortgage, renovated it and turned it into a 2 family – owner’s triplex over garden rental.

ppwest | 11 years and 11 months ago

string(1) "1"
object(WP_User)#4898 (8) {
  ["data"]=>
  object(stdClass)#5114 (12) {
    ["ID"]=>
    string(5) "71833"
    ["user_login"]=>
    string(6) "ppwest"
    ["user_pass"]=>
    string(0) ""
    ["user_nicename"]=>
    string(6) "ppwest"
    ["user_email"]=>
    string(24) "epc@everypixelcounts.com"
    ["user_url"]=>
    string(21) "/forums/users/ppwest/"
    ["user_registered"]=>
    string(19) "2017-08-10 14:30:00"
    ["user_activation_key"]=>
    string(20) "SkPnvG4QrevpyzPAuCPa"
    ["user_status"]=>
    string(1) "0"
    ["display_name"]=>
    string(6) "ppwest"
    ["spam"]=>
    string(1) "0"
    ["deleted"]=>
    string(1) "0"
  }
  ["ID"]=>
  int(71833)
  ["caps"]=>
  array(2) {
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["cap_key"]=>
  string(15) "wp_capabilities"
  ["roles"]=>
  array(2) {
    [0]=>
    string(10) "subscriber"
    [1]=>
    string(15) "bbp_participant"
  }
  ["allcaps"]=>
  array(4) {
    ["read"]=>
    bool(true)
    ["level_0"]=>
    bool(true)
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["filter"]=>
  NULL
  ["site_id":"WP_User":private]=>
  int(1)
}

maybe it’s a typo? she couldn’t spell “from” properly after all…

slopemope | 11 years and 11 months ago

string(1) "1"
object(WP_User)#4903 (8) {
  ["data"]=>
  object(stdClass)#5116 (12) {
    ["ID"]=>
    string(6) "161310"
    ["user_login"]=>
    string(9) "slopemope"
    ["user_pass"]=>
    string(0) ""
    ["user_nicename"]=>
    string(9) "slopemope"
    ["user_email"]=>
    string(19) "slopemope@yahoo.com"
    ["user_url"]=>
    string(24) "/forums/users/slopemope/"
    ["user_registered"]=>
    string(19) "2017-08-10 14:24:00"
    ["user_activation_key"]=>
    string(0) ""
    ["user_status"]=>
    string(1) "0"
    ["display_name"]=>
    string(9) "slopemope"
    ["spam"]=>
    string(1) "0"
    ["deleted"]=>
    string(1) "0"
  }
  ["ID"]=>
  int(161310)
  ["caps"]=>
  array(2) {
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["cap_key"]=>
  string(15) "wp_capabilities"
  ["roles"]=>
  array(2) {
    [0]=>
    string(10) "subscriber"
    [1]=>
    string(15) "bbp_participant"
  }
  ["allcaps"]=>
  array(4) {
    ["read"]=>
    bool(true)
    ["level_0"]=>
    bool(true)
    ["subscriber"]=>
    bool(true)
    ["bbp_participant"]=>
    bool(true)
  }
  ["filter"]=>
  NULL
  ["site_id":"WP_User":private]=>
  int(1)
}

owner is asking $700 for their AAPL stock while its trading at $450\.  some people just get attached to their things just because they own them, brokers included.  they prob. see people in this market doing a lot of stupid sh!t and figure, why not just put it out there.  it is pure bubble mentality, hopefully the fed brings this in by july.