Rental of the Day: One Brooklyn Bridge Park
There was a lot of talk of One Brooklyn Bridge Park putting some of their units on the market as rentals, although we were told during our visit in May that the developer was no longer offering them. It’s still possible to find a rental in the waterfront building, though, through owners looking to lease…
There was a lot of talk of One Brooklyn Bridge Park putting some of their units on the market as rentals, although we were told during our visit in May that the developer was no longer offering them. It’s still possible to find a rental in the waterfront building, though, through owners looking to lease their own units out. This two-bedroom, two-bathroom unit, for example, is asking $5,700 a month but has been on the market since the beginning of the year. It’s got 1,442 square feet and “panoramic Brooklyn Bridge views,” according to the listing.
1 Brooklyn Bridge Park [Sotheby’s Realty] GMAP P*Shark
“but I leave in a newly gut renovated ” – I guess Emily could win if contest was against you.
(BTW – in big bold font- before she corrected it, the headline read “Brooklyn Brige Park”)
Donald: Is engineered wood flooring more like chip board, or is it really a laminate? Also, can you explain how you can tell from a photo?
Counter tops I know a lot better, and if that’s not engineered stone, it’s some very unlikely looking “Granite/Stone.” Strange, cause there’s no shame in saying engineered stone; it has advantages.
Mr Smith, Add CGar to the list of “awakened” one to replug into the matrix. He should be an easy catch as he doesnt run that fast.
“never won a proof-reading contest, didya?”
Pete, for God’s sake, try and step out of character, and be NICE to EmilyNonko. We KNOW her now. She’s been out with us. (Though I think we may have scared her off, or perhaps just annoyed her by badgering about the OT, but that’s another story.)
I’ve become a convert to 1BBP, but I leave in a newly gut renovated building 2 blocks away, in a 2-bedroom duplex with a garden, and the rent for this box with no outdoor space is more than $2,000/month more than I’m paying. Anyone surprised it’s still on the market since the beginning of the year?
will you naysayers please stay there. Mr Smith will show up soon to plug you two back into the Koolaid Matrix.
“Isn’t that house/mortgage money?”
Uh, yeah – the landlords mortgage money. Apartment has to hold itself. See my post above. RE is still grossly overvalued as a purchase (against income and rent). Owners feel it when they need to rent out.
***Bid half off peak comps***
“owners looking to lease their own units out”
Why would they do that?
I guess they believed in the reGOVery and paid upwards of 5,700 x 16 x 12 = $1,094,400 for it. Whoops!
At the fundamental 10x it values at $684,000, about half the begging prices of similar units. But at $5,700/mo it “has been on the market since the beginning of the year”.
Stuck like Chuck.
***Bid half off peak comps***
I have officially lost all sense of NYC apartment rents. Is $5700 no longer a lot of money? Isn’t that house/mortgage money? Do the people who drop $5-7K in rent even know people who pay a mere $1800 for their apartments?
That’s a roomy apt, granted, but it’s pretty much a featureless box – no outside space, Caeser-stone instead of granite, fake floors rather than hardwood, etc.