Rental of the Day: 396 Park Place
There’s a lot that appeals about 396 Park Place in Prospect Heights. We love the townhouses on this stretch of Park, and this triplex sports gorgeous interior details. We also dig the nice, bright kitchen. The rent comes in at $8,500, which, while not cheap, doesn’t seem crazy for a space this large in prime…
There’s a lot that appeals about 396 Park Place in Prospect Heights. We love the townhouses on this stretch of Park, and this triplex sports gorgeous interior details. We also dig the nice, bright kitchen. The rent comes in at $8,500, which, while not cheap, doesn’t seem crazy for a space this large in prime Prospect Heights. How does it strike you?
396 Park Place [Corcoran] GMAP P*Shark
NYGuy7, where did I say 285 was as big or as nice? I was just commenting the 4k difference is not justified. If you werent debating the rent, then fine man, it’s no biggie.
“NYGuy7, 4k/month worth of renov and sq ft difference?? I think NOT”
When did I saw the price was justified? I just commented that the one you posted wasn’t nearly as nice as this was.
Another brownstone dream turns into a nightmare. All that downpayment, renovation, blood, sweat and tears for what would turn into…a rental?
1.41M (’07 purchase) x 3/4 (triplex)/(8.5K x 12) = 10! Well wadduya know, a sustainable GRM. IF you can get the rent. But ya can’t. Maybe half. So, half off easy at market bottom.
“the real beauty begins after walking in the front door” – corcoran
Nice. Keep the focus on the interior and away from the Crown Heights interface that is Wash Ave.
“that’s 2125 per bedroom…2125 in rent for each of your kids?” – rob
Think real hard about that, people. 2 grand! Child! Let alone students and pros.
“at least 30% overpriced” – Maly
8,500/1.3 x 4/3 (proportion to whole house) x 10 x 12 = a mil. Home value to depreciate at least another 30%.
Sweet nightmares, buyers! (Get $, sellers!)
***Bid half off peak comps***
NYGuy7, 4k/month worth of renov and sq ft difference?? I think NOT
Beautiful house. Are they renting it furnished? $8,000 sounds very reasonable — FOR THE YEAR.
285 Park Place needs a major renovation and is smaller than this place.
http://bstoner.wpengine.com/brownstoner/archives/2011/02/house_of_the_da_1036.php
that’s 285 park pl. no way this triplex is worth 8.5k when it’s 4.5k at 285 park pl
Hot sure about the price but I would rather live in Prospect Heights… Brooklyn Heights might be a little too East Sideish for me… Love the house….
I must live in a different world, because to me, a rent of 8,500 should come with butlers, a Mary Poppins-type nanny and possibly a gold toilet. Oh, and a jet pack. Definitely a jet pack.