1,500 Rental Units for DoBro
It’s hardly news for anyone who’s been paying attention, but yesterday Crain’s took the time to point out that three new rental developments in Downtown Brooklyn are all hitting the market at roughly the same time: Avalon Fort Greene (left, 650 units), 80 Dekalb (center, 365 units) and The Brooklyner (right, 490 units); studios at…
It’s hardly news for anyone who’s been paying attention, but yesterday Crain’s took the time to point out that three new rental developments in Downtown Brooklyn are all hitting the market at roughly the same time: Avalon Fort Greene (left, 650 units), 80 Dekalb (center, 365 units) and The Brooklyner (right, 490 units); studios at all three places are expected to start at about $1,700 a month. (Free rent concessions, though, bring the cost down close to $1,300, which starts to look pretty attractive.) While one of the developers involves admits that she we have preferred a little less competition at the start, we’re not so sure the confluence of launches is such a bad thing. (The article also dangles the possibilities of the Forte and be@schermerhorn getting repositioned as rentals.) The biggest barrier to people deciding to rent in these new buildings in Downtown Brooklyn is the lack of a critical residential mass. With all three coming to market at the same time it’s a potential game-changer for the area. Now if one of these places could just get a gourmet market or decent restaurant to sign on, they’d be all set.
Get Ready, Brooklyn: Flood of Luxe Rentals [Crain’s]
Uh oh, wasder. It’s been 30 mins and bbb hasn’t refuted my claim!
***Bill Thompson for Mayor***
Let’s see, renovated 1 bed on “Franklin” (feel free to insert your street of choice) for $1500 or brand new “cookie cutter” with in unit w/d, a building full of amenities, and a one stop ride to the city.
Disadvantage, Franklin.
regardless, that could be true to some landlord nearby these bldgs.
too greedy to think a 3 bdrm unit could be rented for 2600?
bbb- say it ain’t so! 🙁
“Methinks bitter bubble buyer is playing ya’ll.”
I was just going to say the same thing BHO.
Methinks bitter bubble buyer is playing ya’ll.
***Bill Thompson for Mayor***
bbb, if you like the tenant, determine what’s your bottom price then negotiate – ie it never hurts to try which is what he’s doing in asking for 25%
“$1,300 [studio!?], which starts to look pretty attractive”
Supply will make that figure look like Mick Jagger, very quickly.
“Is there a parallel between falling rent prices and condo prices?”
Uh huh. It’s called 10 X [annual rent]. Rent go down >>> condo go down.
DuhBro for the idiots that pay these rents. Assinine.
***Bill Thompson for Mayor***
its a floor thru in Fort G and the current rent is 2100. He will stay for 1600. When he sent me the pricing for the highrises his argument made sense somewhat. Some of those places are getting cheap