Rental of the Day: 328 Dean Street
This rental at 328 Dean Street feels more like an apartment you’d expect to find in Williamsburg than in Boerum Hill (assuming that’s what you’d call this block!). The duplex apartment features a spiral staircase, a large new kitchen and four roofdecks with impressive views. All in (indoor plus outdoors plus storage space) the listing…
This rental at 328 Dean Street feels more like an apartment you’d expect to find in Williamsburg than in Boerum Hill (assuming that’s what you’d call this block!). The duplex apartment features a spiral staircase, a large new kitchen and four roofdecks with impressive views. All in (indoor plus outdoors plus storage space) the listing claims the two-bedroom pad offers more than 3,000 square feet of space. The rent, even after a couple of free months thrown in, is still a not-insignificant $5,995. What do you think?
328 Dean Street [Brooklyn Heights Real Estate] GMAP P*Shark
“last penthouse that sold traded at $1.47M”
17.5x asking rent. Not too far off from the prevailing 16x. How can you people be blown away by rents but not prices? Wait’ll prices crash down to 10x.
“Soho and Tribeca make me want to throw myself infront of a bus.”
Envy is suicidal.
***Bid half off peak comps***
Tybur6, when you take in consideration the 401k/retirement, rainy day fd, etc. that’s not a lot left for food, entertainmt, travel, and dare I say “savings for a house”
I looked at this apartment in April. It is probably one of the most beautiful apartments I have ever seen–in Brooklyn, Manhattan, or any other city on Earth. If I had 7K to spend a month, I would have taken it in an instant. However, since it’s been on the market for at least 6 months (perhaps much longer), I have a hunch I’m one of the few people who feel this way.
“Why would this hypothetical couple spend $7,000 in this fugly building, when they can rent a real 2br loft in Soho or Tribeca, with good public schools to boot.”
Soho and Tribeca make me want to throw myself infront of a bus.
Why would this hypothetical couple spend $7,000 in this fugly building, when they can rent a real 2br loft in Soho or Tribeca, with good public schools to boot.
I think the Manhattan market has adjusted down much faster than Brooklyn, to the point where the deals are in Manhattan now.
Well… m4l — take out income tax and rent, and this $280,000 couple would still have almost $8000 a month in cash to play with. 1/2 that is still more than my TOTAL take-home pay, so I think they’ll do ok. 🙂
how much is that 270-280k couple putting away in form of 401k, rainy day fd, …. ? I see a very small amt. too small
“Good point. And in fact, since I assume the first and last months’ rent will be due up front, it’s basically a wash.”
Yeah, pretty much. It all works out in the end (similar situation with the rental i moved into recently)
“No – you’ll be writing 7k rent checks for the entire time you live there. You just get to live there 2 extra months for free (the first and last probably).”
Good point. And in fact, since I assume the first and last months’ rent will be due up front, it’s basically a wash.