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]
Private party? Don’t be ridiculous, Gravis, this is as public a forum as any.
My “seniority” may be on my driver’s license, compared to many here, but that’s about it. Anything else is in the eye of the beholder, and I can’t do anything about that.
I hope you stick around, new people are always welcome to this freeforall. Everthing and everyone is fair game, here.
I’m not pulling seniority of any sort. I’ve never even been QOTD. It’s no private party. Anyone can say anything they want, no matter how stupid it sounds.
2:48 post is hard to read and doesn’t make any sense. Are you in a bar?? If so, all is forgiven. Otherwise my original STFU stands.
Otherwise please make a relevant comment about the Brooklyn rental market.
“although our friend Brownstones Half Off will doubtlessly tell you otherwise.”
– yes but ignoring the misplaced certainty – his/her guess is as good as anyone elses
MM – I agree with you mostly, but %80 is not what I was talking about. The phrase I quoted as well as you pulling your seniority here shows that this blog is a private party.
In the 1890s the country was in the same boat as it today.. Brooklyn had way too many brownstones like we do condos… Most new brownstones in the mid 1890 became rentals. Also the country had starting cutting back on overdoing anything even down to fashion… This always happens look at the baroque to rococo to neoclassical architecture…
“What will the precise decline be or how much will the correlation between multi-family and brownstone rent/sale prices be affected by current trends?- there is no one on this planet that can offer anything more than a guess.”
Truer words never spoken, although our friend Brownstones Half Off will doubtlessly tell you otherwise.
Gravis…I asked you a simple question when you came at me. Where have I ever said that I believe everyone should live in a brownstone.
I have no animosity for anyone because of where they live and have never said such with the exception of some snarky back and forth joking.
i suspect that your bigger issue is that you have no sense of humor and can’t separate when people are serious and when they are being facetious.
Please, I’m still waiting for an intelligent answer to your first (useless to the discussion at hand) post.
Always glad to have new posters here but not so much when they are just plain assholes and even worse, stupid ones.
Denton, I sincerely hope not. Hopefully, a middle ground is found, new industries and jobs created.
I am fond of A&C, too. I own next to none, but greatly admire the movement and the whole philosophy. I have only a couple of small decorative pieces, no furniture, though there is much that I would love to have.
“The question is, vis a vis Brooklyn, whether any of the cache of Brownstone living protects the rental value and sales value of these homes.”
Of course but only compared to previous downturns – only an idiot would say that no effect will come from the remarkable transformation in
Brooklyn, the (hopefully permanent) renewed interest in urban living (including a rising appreciation of Brownstones), as well as the economic and demographic changes in America.
But Brooklyn (and its Brownstone rentals) are still part of the broader market and will be adversely affected by a decline in rental rates as well as a flood of new rental apartments coming on-line. What will the precise decline be or how much will the correlation between multi-family and brownstone rent/sale prices be affected by current trends?- there is no one on this planet that can offer anything more than a guess.