Rental of the Day: 585 6th Avenue
This one-bedroom rental is located at 585 6th Avenue, which launched this summer as a new 27-unit residential building. The interior looks quite nice, but what caught our eye was the price tag: $4,200 a month for a one-bedroom, one-bathroom between 16th Street and Prospect. The square footage isn’t listed but we sure hope this…
This one-bedroom rental is located at 585 6th Avenue, which launched this summer as a new 27-unit residential building. The interior looks quite nice, but what caught our eye was the price tag: $4,200 a month for a one-bedroom, one-bathroom between 16th Street and Prospect. The square footage isn’t listed but we sure hope this place is big! Otherwise that’s a pretty big nut for the location. Update: Looks like there was a mistake in this particular listing. One bedrooms are $2600 and the two bedrooms are $3200, there are no $4,200 units. The links have been changed to reflect.
585 6th Avenue [Ideal Properties] GMAP P*Shark
I wouldn’t trust much on Streeteasy on this one.
The page indicates that 24 units have been rented. Look closely and you’ll see that most of those are units have been listed 2 or 3 times, skewing the numbers severely.
I won’t say WHAT?
Look at my 1:56 post which apparently you missed…
Yes, 4200 is absurd!
haha – you won’t say it!!
in the real world – what drives rents are:
– prox / ease of commute to manhattan
– size/finishes of apartments and building amenities
– local retail/ nightlife
– shit like trees, parks, etc
those are the facts – you can get a cheaper comparable place in a much better location that is better in every aspect stated above
I poked around some of the open houses last weekend in this area…yes whomever priced this rental needs to put the crack pipe down. The 1 bedrooms are going for around $400K so even if you offered asking (with less than 10% down) the mortgage + maintenance + tax would only come to around $2K per month….
DH,
I’m not justifying their asking price, I’m simply saying that they are renting them for more than most people here seem to believe.
But that doesn’t make the fact that they’ve rented them any less true.
11217, there’s trusting, there’s credulous and there’s gullible. First of all, this building has 24 units as per Streeteasy. The fact that there are 9 listings currently up does NOT mean the other 15 are rented, just that they are not listed right now. In fact, it looks like some listings are multiples from different real estate agencies, some were old listings with the unit number, which were pulled from the market. At best, there are 2 x 2-br apartments rented (marked “in contract”, maybe a multiple, so just 1 apartment), asking $3,200, no info as to actual rent.
None of the apartments listed were rented, according to Streeteasy.
I’m in total sticker shock. This isn’t a totally accurate comparison, but we rent out our Garden level as a 1 Bedroom apartment, and we live in the heart of Park Slope, and we rent for less than half of this cost. I don’t think we could even get $4200 for it. Again, not a true comparison, a floor in a Brownstone vs new construction and new everything.
I wonder what 1 bedroom rentals in the row houses around here fetch, and I wouldn’t be surprised if the price for this apartment is along this price could get you a town house as a rental, which Brownstoner has sometimes shown as the Rental of the Day.
Mopar,
It’s beyond astronomical.
A typical 1 bedroom in this area is about $1500-2000.
But this place also has a lot of bells and whistles so I could see even $2500.
But they seem to be doing better than that…
11217 –
you are losing all cedibility
you have to admit:
this rent is outrageous for the location
that building is ugly
people don’t pay 4200 bucks a month to live in a fringe offshoot of park slope
1 bedrooms do go for 4k occasionally in williamsburg – show me data that supports this price is reasonable