Brooklyn Rental Market More Stable Than Manhattan
Good news from the New York Observer about the Brooklyn residential rental market: Evidently the smaller properties and more diversified owner base is making for smoother sailing than in Manhattan where a few large companies are being forced to offer increasingly sweet incentives: For now, most of Brooklyn’s smaller landlords are living in a world…
Good news from the New York Observer about the Brooklyn residential rental market: Evidently the smaller properties and more diversified owner base is making for smoother sailing than in Manhattan where a few large companies are being forced to offer increasingly sweet incentives:
For now, most of Brooklyn’s smaller landlords are living in a world apart from the rough-and-tumble Manhattan market, where rents are already falling in several neighborhoods, and panicky property owners are slashing rents, sometimes by hundreds of dollars, and offering any incentive they can think of to help put tenants in their units. In Brooklyn: not so much.
Have any brownstone owners had to rent out their garden apartment recently? How did it go?
Brooklyn Rent Check [NY Observer]
Certainly not Whuh. My apartment unit is rented and they’ll sign a lease extension this week. I’m sure if I wanted to I could raise their rent or throw them out and get a higher rent.
If you make an argument based on “thousands of units” you should be able to sustantiate it as opposed to just throwing out the statement and expecting everyone to nod in agreement. But you wouldn’t really understand that kind of logic now, would you?
Is that panic I hear, Dave?
There has to be a few thousand condo units being finished in the burg alone that will be marketed as rentals . the 2 avalon buildlings in DT BK – and i’m sure a few of those condos in DT Brooklyn (wasn’t there supposed to be an Oro 2?) will go rental.
Wow, that’s quite an incoherent sentence. Sorry, it’s early.
“anecdotal speculation and “numbers” pouring out of your orifices????”
oh true. walk into any Corcoran Orifice and they’ll say the tide of units coming out are a sign of good times, high demand, and buy now before it too late.
Can anyone provide the exact number of units coming on the market in the future or is this merely rampant anecdotal speculation and “numbers” pouring out of your orifices????
Thousands of condos being dumped on the market as rentals will definitely depress the higher end market, especially for brownstone apts.
can it be b/c there are still a lot of buildings being built in bklyn that will be coming on market in the coming year, and THEN there’ll be a greater supply vs. demand?
Rented mine out in November. was easy as pie. but that was November.
cornerbodega??? Care to comment and make an ass out of yourself yet once again???