Rental of the Day: J Condo Two-Bedroom
Looks like the heady days of unit flipping at Dumbo’s J Condo are over. At least one apartment in the tower is being offered for sublet, a 1,200-square-foot 2-bedroom, 2-bath that’s going for $4,195 a month (with an option to buy after a year). How have other resales in the building fared? J Condo Rental…
Looks like the heady days of unit flipping at Dumbo’s J Condo are over. At least one apartment in the tower is being offered for sublet, a 1,200-square-foot 2-bedroom, 2-bath that’s going for $4,195 a month (with an option to buy after a year). How have other resales in the building fared?
J Condo Rental [Nest Seekers]
Development Watch: The Cladding of J Condo [Brownstoner] GMAP
“Unfortunately “What”, most people in New York are not paying 50% income on rent or mortgage. There is ALOT of money out there and these prices are very affordable to a large segment of the population.”
I don’t know what planet you live on but, are not affordable to a large segment of the population.
Let’s take a look at Taxes, Income and Living expenses. How many people can live day to day and pay the high cost of living? 3.00 gas 4.00 milk and 1400.00 a month 400 sq ft studios.
During the last 5 years, people has lost the metrics of money. The powers that be has sucked the sheeple into thinking high house prices creates wealth.
All of these Condo’s will implode folks and I feel sorry for the people who brought in this madness. Time will tell, time will tell.
Inflation is NOT wealth, hard work is!
I think the point is someone is obviously interested and seriously buying at these prices, regardless if it is in the small percentage that dont close – someone wants it and is willing to pay.
“And contracts are ABSOLUTELY guaranteed to close.”
Yup. Just ask the homebuilders.
Blow me 1:10.
you’re a idiot, 1:05.
And contracts are ABSOLUTELY guaranteed to close.
ridiculously overpriced. Then after paying a year of rent, you get to shell out what – probably 1 mil + for the honor of owning that awkward apartment? In DUMBO?
apparently we’ll have to wait until next week for the bubble to burst b/c this just went into contract over the past week –
http://www.corcoran.com/property/listing.aspx?Region=NYC&listingid=865587
Unfortunately “What”, most people in New York are not paying 50% income on rent or mortgage. There is ALOT of money out there and these prices are very affordable to a large segment of the population.