Bedford Avenue Building Leased in One Day
Recession? What recession? The new 14-unit building at 320 Bedford Avenue (at South 2nd Street) went on the market at 11:00 a.m. on Sunday, July 19, and leased all of the “loft-inspired” apartments within 24 hours, according to the real estate marketing firm aptsandlofts.com. The apartments include studio, one-bedroom, and two-bedroom units, with rents from…
Recession? What recession? The new 14-unit building at 320 Bedford Avenue (at South 2nd Street) went on the market at 11:00 a.m. on Sunday, July 19, and leased all of the “loft-inspired” apartments within 24 hours, according to the real estate marketing firm aptsandlofts.com. The apartments include studio, one-bedroom, and two-bedroom units, with rents from $1,800 to $3,300 per month, as well as nearly 6,000 square feet of retail space. So the big question is: is this a sign of better days to come or just a fluke? With only fourteen units, this could be either a statistical anomaly, a market indicator, or evidence of a savvy business plan. Only time will tell. But before anyone gets too excited, remember that the fact that this is a rental at all is a sign of a sickly market. GMAP
No one could say that this single building’s rentals are sign of the next boom – but I find it sadly ironic that just as every occurance during the last boom was viewed through lenses designed to only see the positive; now all events are viewed in the most negative light possible. It is silly psychology like this that results in bubbles and depressions.
The fact that in the midst of a strong recession, with tons of supply and falling prices studio apartments in Williamsburg can be rented for $1800 in a single day – certainly is good news to those that fear that NYC is headed back to 1977.
if dingy 1 bdrm goes for at least $2k, guess those prices are at least very competitive if not juicy
Can’t really speak about pricing and if they are a good deal. From what I’ve seen – the majority of rentals around the Bedford L are 1 bedroom railroads that are sorta dingy and go for at least 2k.
This building and 44 Berry filled up pretty quickly so I guess someone thinks they are a good deal.
DH, are those prices juicy compared to other rentals near that area? nice looking bldg but 1800 for a studio or 3300 for a 2 bdrm doesnt scream bargain or does it for that area?
Did they rent out the retail space a well?
My friend tried to rent one of these. It was a madhouse.
How is $1800/mo for a studio “reasonable”?!
Jaysus F. Christmas.
I wonder if this was a bulk rental? Anybody hear about the renters that were forming groups to use leverage and rent in a group to get better prices?
wait, we’re excited because a bunch of apartments were /rented/ for reasonable rents now?