Rental of the Day: 110 Livingston Street Studio
Guess some of the buyers at 110 Livingston Street were pure speculators investors. Sotheby’s now has a 675-square-foot studio for rent for $2,750 per month. The never-been-lived in space looks like it has pretty high ceilings and clean, high-end finishes and fixtures. It would be interesting to know what the buyer paid for this place…
Guess some of the buyers at 110 Livingston Street were pure speculators investors. Sotheby’s now has a 675-square-foot studio for rent for $2,750 per month. The never-been-lived in space looks like it has pretty high ceilings and clean, high-end finishes and fixtures. It would be interesting to know what the buyer paid for this place to get a sense of what kind of return this rent would generate. Anyone know what the common charges are on a unit like this?
110 Livingston Street [Sotheby’s Int’l] GMAP
… or buy a co-op.
Then I guess you’re never buying, 1:51.
About the only way you’re not going to deal with renters is to buy a single family house.
Renters don’t give a s#&t about building rules. They leave junk in the public hallways, mix recyclable garbage with non recyclable garbage so it doesn’t get picked up, damage public hallways by continually moving in and out, play loud music since they don’t know their neighbors, clog pipes by attempting to flush tampons, and disrespect every other building rule you can name.
Renters have no stake in a building, and their actions prove they just don’t care.
I would never buy a condo in a building that allowed renters.
That’s a pretty nice space for someone who , for example, needed to rent for a few years for a job in Lower Manhattan. I really like the kitchen. Not an unreasonable rent for that size, and if the city’s vacancy rate is around 1 or 2 pct., they’ll get it. There are a lot of dumpy 1 brs out there asking $2,500. As for preventing shares, that may be up to Sotheby’s, or the by laws may penalize the owner if it happens. our current co-op is waging a low-intensity war against a shareholder who has sublet her place to a rotating cast of hard-living “roommates.” Grrr…
1:33,
If the building you’re looking at is completed, the residents have probably formed a condo association and voted for a few by-laws (like limiting the number of rentals, no shares, etc).
As someone else mentioned though, I don’t think there’s anything wrong with renters–even shares. And honestly, I don’t think that you’re going to run into that kind of situation in a building like this though. People who need roommates to split the rent with probably aren’t in the market going for a small, one room luxury studio.
For the same price you can get a 2 (or more) bedroom place in a non-doorman place.
How do they prevent shares I wonder? I agree that a person who can swing 2800 for a studio is probably working a lot — but how about 3 people splitting the rent? Do they police this kind of thing? I’m looking at a newer condo development and I didn’t even think about this. Would it be in the by-laws?
Reality check here – MOST people in this fair city rent. That’s from Park Ave down to Mother Gaston Ave.
Before condo was the word of the day, most people did not have much choice, as co-ops, were not always an option, either.
I don’t understand the hostility towards renters on this board, especially since 80% of you have been renters at some point in life, or depend on renters to pay the mortgage.
What’s wrong with renters?
There are 300 units in the building. Bound to be a few renters in the mix, but I doubt that the place is going to be full of them.
Besides, anyone that can swing $2800 for a studio isn’t likely to be a deadbeat junkie.
geez, you’d think they’d have some rules about not leasing out for a couple years at least. who wants to live in a place like this full of renters?