Rental of the Day: 126 4th Avenue
When we first posted about the big new rental on 4th Avenue and Baltic a couple of months ago, the general consensus about the building’s design was more or less summed up by one comment: Beaten badly by the Ugly Stick. Again and again. Nevertheless, the development brings the first batch of new-construction rentals to…
When we first posted about the big new rental on 4th Avenue and Baltic a couple of months ago, the general consensus about the building’s design was more or less summed up by one comment: Beaten badly by the Ugly Stick. Again and again. Nevertheless, the development brings the first batch of new-construction rentals to the Boerum Hill-Park Slope-Gowanus border area on 4th (the avenue has, of course, otherwise been flooded with condos builds), and so it’ll be interesting to see how much demand there is for these apartments. Listings have gone up for one- and two-bedroom units in the building at 126 4th Avenue (ready for move-ins by March), and they’re looking to get between $2,400 and $2,500 for the one-bedrooms and around $3,000 for the two-bedroom, 1-baths. Amenities include central air and many of the units have terraces, but tenants have to pay for their own utilities. Rosetta Farrell, the Heights Berkeley Realty agent who’s handling the listings, says the rents are standard for the area, and that she expects the apartments to be snapped up quickly given the dearth of new rentals in the Slope. Considering all the amenities and the fact that it’s a new building, I think they’re very reasonable, says Farrell.
126 4th Avenue (click thru for listings) [Heights Berkeley]
Development Watch: 126 4th Avenue [Brownstoner] GMAP
Interior shots from Heights Berkeley Realty.
4:17 – Are you seriously willing to pay $750 (about a 40% premium) more per month for central a/c and w/d?
yes.
sorry…meant rent for 2500.
not sell.
4:17 – Are you seriously willing to pay $750 (about a 40% premium) more per month for central a/c and w/d?
these are rentals…not condos…if someone walks in and seems remotely interested, but then start walking out, the broker says…fine…i’ll give it to you for 2200. that’s the way it works. not all will sell for 2500, but a few suckers will pay it and a few will pay closer to 2000.
it’s like buying a car. get a clue, people.
these will rent in no time.
4:21: I’d say that’s about right. Not insane, just a bit inflated.
nice job 4:14 – your listing does support the idea that maybe these are overpriced; of course we don’t know what floor the listing is on (presumably not an elevator building) or what the general building condition is nor can we tell what the kitchen is like. I’d guess it doesnt have a dishwasher or a washer/dryer but utilities are included.
But its a start….but even based on this listing – how overpriced could these apartments be 300-400 at MOST?
ok well have fun living on 4th ave for $2500 a month.
you are comparing that place to a brand new place with central air and washer/dryer in every unit??
uhhhh….ok.
the idea was to find COMPARABLE rentals.
yep
http://newyork.craigslist.org/brk/fee/556897809.html
it has pictures and pretty much accross the street. $1750