229 North 8th Goes Rental
229 North 8th, the Karl Fischer-designed condominium building that went on the market over a year ago (and underwent some price cuts earlier this month), has begun listing open units as rentals this week. The prices vary, but center around $2,500 for the one-bedrooms (around 700 square feet) and $3,500 for the two-bedrooms (around 1,100…
229 North 8th, the Karl Fischer-designed condominium building that went on the market over a year ago (and underwent some price cuts earlier this month), has begun listing open units as rentals this week. The prices vary, but center around $2,500 for the one-bedrooms (around 700 square feet) and $3,500 for the two-bedrooms (around 1,100 square feet), according to aptsandlofts.com. The rentals are also listed on Craigslist, and it seems that the units are still on sale as well, with prices from $465,000 to $699,000, according to StreetEasy. Also courtesy of StreetEasy, the reason it’s gone rental: No units are in contract. GMAP
Another FHA Special Launches [Brownstoner]
Development Watch: 229 North 8th [Brownstoner]
ok, forget the comparison to the UES or UWS. A better comparision would be the LES or EV. And similarly sized newly renovated 1 bedrooms in elevatored buildings in those neighbourhoods are renting for less than $2500 now.
They need to throw in 2 months free rent before this makes sense. However, there are hipsters with rich parents who would pay this.
winelover you can get a 1 bed in Stuy town for 2200 and that would be a better comparison of where else people that would live in williamsburg would live in Manhattan.
K&M really isn’t that loud. That’s a bit of an exaggeration. Many/most of the apartments would not be affected by K&M. I have friends that live across the street from K&M, and they say only once in awhile are there loud people outside. K&M isn’t really crazy. FYI – i love K&M – great place especially when the weather is good and all their windows are open. Like the tables out front too. Usually there’s good music. Nominate for Brownstoner get together.
Back to the building — Given that this is new, has parking, and is a couple blocks from the Driggs entrance of the Bedford L, suspect with the right pricing, easy to rent.
considering that i know people renting one bedroom walk-ups in beat up old townhouses for $2500 per month in north Williamsburg, don’t think that a brand new apt at the price is so crazy.
anyway, if this is too high, they lower it.
FYI – comparing living in Williamsburg to living on the UES or UWS is hysterical!! as dirty points out. Basically no F’in way!! there is no scenario EVER where i live on the UES or UWS. i doubt there is much if any crossover between populations. uptown is siberia.
the downtown/LES market for apts is more applicable to WB. BUT the Manhattan downtown market is still way more money to rent in than Williamsburg. In 1996 I was paying $2900 a month for a one bedroom in Gramercy. it was nice of course.
[Dave passes Skittles to brickoven and What]
Brokedeveloper most of the demand for Brooklyn came from people being priced out of Manhattan. Now they are being priced back in. Nobody will argue that. I dont know how the hell they expect to rent this place out for 2500 they only have a couple of weeks left of the peak rental season.
If anyone thinks relative rents of neighborhoods in Brooklyn to that of UES are UWS are unimportant (or that DIBS point is moot) to the prospect of them renting or selling, you do not understand NY Real Estate. You, personally, might not want to live on the UES or UWS, but it remains a fact that for a significant portion of the population, Brooklyn has always been and will be, a cheaper than Manhattan alternative. Just like the rent-versus-own equilibrium will return, so will the Manhattan-versus-Brooklyn. No knock on Brooklyn (where I’ve been for 12+ years), just a supply and demand fact.
You can fit at least 4 bone thin hipsters into a 2500 1 bed. They get 1500 a month from mom and dad for life so they can afford to live here and not work one day in there life. 🙂
“I suspect I’ll be on the same side as BHO, brickoven, What and cornerbodega on this one….my usual compadres!!!!”
No Dave it’s “Green Shoots” right #%^^&&*** Jackass!
“$2,500 for a 700 sq ft one bedroom…can get that on UES or UWS”
I see the crack wearing off, that’s nice..
The What
Someday this war is gonna end..
“$2,500 for a 700 sq ft one bedroom…can get that on UES or UWS”
Lots of people would rather live in a tent in Bushwick rather then live on the UES/UWS, so your point is moot dave!
I looked at this building – the apts were pretty nice but waaay overpriced. I think they wanted approx 460k for the one bedrooms. It’s also across the street from the very noisy bar K&M which blasts it’s music every night
2500 is prolly 300 bucks a month over priced.