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
Yes, used to pay a lot less than this for a larger apartment (judging on appearance) in a building with better amenities in Manhattan.
$2400/mo would make sense for this. Maybe it’s a typo in the listing?
11217, do you actually believe $4200 is a reasonable rent for a one bedroom in this area? Seriously, this is not a rhetorical question. I understand — and accept — that prices are high in many parts of NYC. This just doesn’t seem in line with current rental prices, however. This is more like a Manhattan price.
11217 – can you confirm that these were rented to real people? Even you have to admit the price is absurd.
Maly,
Did you look at streeteasy for this building?
Only 9 of 27 units are left.
They seemed to have rented the units so far at astronomical prices for this part of the neighborhood.
I could understand the typical frownstoner hate a little more if there were 26 units left, but there are NINE and it’s only been renting for a couple months.
Goes to show that the crowd here really doesn’t know what they’re talking about.
Let me translate with my handy realese-to-English dictionary:
“we realized that the market turned on us, and spent way too much to recover our investment, never mind turn a profit. Condos are out for now, but we are hoping to rent for enough money to stay afloat on our loans, until such time when we can sell. So far, our efforts to rent 1br apartments for $2,600 has not panned out, so we’re trying to rent furnished for $4,200. Yes, we are THAT good at marketing.”
mopar – it probably started as a condo building, couldn’t sell units, developer had to go back to the bank and change the loan docs to the rental. Bank probably had minimum rental prices written into the docs in line with what it would take for developer to pay debt service on his loan.
Design-forward, GREEN-construction, elevator building unveils: 1 & 2 bedroom units! *SPECIAL* 1 BEDROOMS: Pay NO FEE 2 BEDROOMS: PAY NO FEE! All units have common garden and roof top access with stunning views of the City, Harbor and Slope. Most units also come with private terraces. Huge windows offer views of the South Slope’s tree-lined Sixth Avenue! Spacious 2 bedroom-2 bath units offer approximately 1050-1130 s.f. The top floor of this 5-story “blows away†the competition with sprawling terrace dimensions. The 1- bedroom, 1-& 2-bath units are oversized, topping over 720 s.f. Finishes include: sleek, designer Canadian cherry wood/lacquer/glass kitchen by award-winning Denla, with Caesarstone counter surfaces and island, and top-rated Energy Star, stainless appliances; baths with spa-like glass tiling and linen-textured, ceramic tile, deep “air tubs, †walk-in showers with glass enclosures, Lo-Flo faucets, water efficient toilets by Duravit and Toto, and “Hotel Modern†hardware and vanities with tray sinks. Sleek, electrically-correct lighting; virtual doorstaff security system, pre-wiring for computer and entertainment. VRF, 18-SEER central air, tankless, “on-demand†Stiebel Eltron electric water heater, Heat Recovery Ventilator, and fresh air filtration for entire apartment.
I am really sort of fascinated with how this happens, what was the thinking.
Did this start out as a condo building, then they decided to go rental when they couldn’t sell it, and the prices are absurd because they are unwilling to face reality and take a bath?
Surely they don’t actually think this is a reasonable rent even for new construction in this area?
And don’t tell me this is a “luxury” building either. Those combo kitchen-living room hallways with the bleak little window at the end are hideous.
Watch with the comments, stargazer! I know some of the people in those little houses across the street and they’ve worked their butts off to fix them up!
Not all of the houses on that side of the street have had regular maintenance over the years, but there are several families on that block who do care about their buildings. The front yards on that block are teeny, but one block over is one of the prettiest community gardens in Park Slope (right up there w/ Garden of Union).
This is one of many blocks in the South Slope that is slowly looking better and better, as new people move in and restore their houses (rather than tearing them down and cramming in a big glassy shoebox that takes up every available inch of space).