184 Kent Open for Business
Curbed broke the news yesterday that 184 Kent, the once-controversial candidate for landmarking, has begun leasing with an eye towards March 1 move-ins. There are currently 22 listings up on StreetEasy ranging in monthly rent from $2,270 for the most modest one-bedroom to $6,425 for the swankiest three-bedroom. As Curbed points out, however, these listing…
Curbed broke the news yesterday that 184 Kent, the once-controversial candidate for landmarking, has begun leasing with an eye towards March 1 move-ins. There are currently 22 listings up on StreetEasy ranging in monthly rent from $2,270 for the most modest one-bedroom to $6,425 for the swankiest three-bedroom. As Curbed points out, however, these listing numbers are slightly misleading as they show the adjusted cost after accounting for the owner’s throwing two free months of rent into the deal. The finishes look very nice to us and the location’s great if you are into the Williamsburg thing and enjoy the waterfront.
Rentals Unveiled at Williamsburg’s 184 Kent [Curbed]
Seven Windows To Go at 184 Kent Avenue [Brownstoner]
“True bjw2103, but I do think that Warehouse 11’s pricing will mean that others will be lowering prices this year as more and more inventory comes out from the “shadows” in Williamsburg this year.
I don’t think renters care as much about quality as buyers. But others might disagree.”
Definitely agree on the last point – renters care, but not to the same extent (at least this applies to me – you should have seen the crap building I lived at in Nolita). I’m torn on the first one though – it could go several ways:
It could go several ways:
1) Warehouse 11’s new prices force other developers in the neighborhood to lower theirs, potentially triggering a “race to the bottom.”
2) They effectively set a floor.
3) They have minimal effect on the rest of the market, as these are seen as a distinctly less desirable product.
4) They trigger bidding wars at Warehouse 11, bringing prices up a bit more in line with other new construction in the area.
My money’s on a bit of 2, a bit of 3, and definitely not 4. Some people seem to like the building, but I wouldn’t touch it unless I were looking for a pure investment property (and prices would have to be even more interesting).
Thanks, WBer- I saw that description on a preservation website and they made it sound like the building had more ornamentation.
Oddly I don’t think off center windows are necessarily a function of the renovation. My sister lives in a wonderful old apartment building in the Bronx- part of the Amalgamated complex, and these are still the original floorplans. Her windows are off center. And there are other old apartments I’ve been in with the same thing. I wold love to know why they were built that way.
@bxgirl – Ah, I get it. The off-center windows are probably a function of renovating a building vs. building new (or blowing out all the windows, as Fisher wanted to do).
The Egyptian reference was not to revival motifs but the large coved cornice and battered (slightly outward rising) walls. Unlike his commercial and civic buildings, Gilbert did not decorate his industrial buildings (like Brooklyn Army Terminal). Like I said, this is a major preservation project (but still not a NYC landmark).
and if these were condos – they would not go for 500psf
more like 700-800 (see conversions on Berry St)
True bjw2103, but I do think that Warehouse 11’s pricing will mean that others will be lowering prices this year as more and more inventory comes out from the “shadows” in Williamsburg this year.
I don’t think renters care as much about quality as buyers. But others might disagree.
“11217, yes, although comparing Warehouse 11 to this, there’s a notable difference in quality, not to mention risk.”
Ya – comparing this to Warehouse 11 would be like comparing a 4th Ave condo to a house on Montomgery Place and calling it a good deal.
11217, yes, although comparing Warehouse 11 to this, there’s a notable difference in quality, not to mention risk.
I like it.
Except with prices now dropping to as low as $450 psf in some Williamsburg buildings, it’s cheaper to buy than rent here.