Rental of the Day: 230 Park Place
This one-bedroom at 230 Park Place is nice enough, but it’s the location that’s the real selling point for us. Situated between Vanderbilt and Flatbush, you’re a few blocks from the park and the 2/3/4 subway lines, not to mention a half block from the B and Q trains. You’ve got easy access to both…
This one-bedroom at 230 Park Place is nice enough, but it’s the location that’s the real selling point for us. Situated between Vanderbilt and Flatbush, you’re a few blocks from the park and the 2/3/4 subway lines, not to mention a half block from the B and Q trains. You’ve got easy access to both Park Slope and Prospect Heights as well. With that said, $2,500 isn’t cheap for a one-bedroom apartment without much sex appeal, although this looks big and has an office. Think it’s worth it?
230 Park Place [Brown Harris Stevens] GMAP P*Shark
For all the overall square footage, between the floorplan and photos I’m feeling claustrophobic.
>So Babs, since you’re here, do you think Prospect Heights can support a $2,500 1br-apartment painted 3 shades of green?
This is good for someone who absolutely wants a doorman building and doesn’t mind the rigamarole involved in subletting in a co-op (the trade-off being, presumably, a better-maintained building than your standard rental building, with neighbors more invested (emotionally and financially)than are typical renters).
I agree, the green paint is a shame, and is “recently” done, as noted in the broker’s ad – what kind of person paints a place green to sell or rent?
So if you can find that one person who absolutely wants to live in a doorman building in Prospect Heights (there are no doorman rental buildings that I know of in PH and only 1 in PS) and who likes green, why not?
But for your average renter, I’d say they’re more likely to skip the doorman in favor of a cheaper rent. So to catch someone here they’re going to have to be only slightly above non-doorman rentals, like this one in the building directly across the street (also a co-op) for $2100 and no green: http://bk.ly/vko
Maly,
Having just moved to UWS (and recently lived in Brooklyn), I can tell you that $2500 is a great deal for a comparable 1-BR apartment on the UWS. We saw alot, and a large 750+SF 1BR, doorman building, below 96th street will start at $2600 –most go for $2800 and up. With that being said, we did see one nice, large, renovated pre-war doorman one-bedroom in the low 100s on West End Ave that was asking $2600 (originally $2700), and could have gone for $2500 or a bit lower with hard negotiating (and with small broker fee). If it was in the west 70s or 80s, it would have been a few hundred more. Not sure what your friend had – if it was a real pre-war 1-BR doorman apartment right off the park below 96th street with a large LR (at least 20 feet long and 12 feet wide), decent light, real kitchen, foyer, etc and not a first floor/basement POS or converted low-income post-war housing type, then something was very wrong.
But, I would agree that $2500 is way high for this. I think large 2-BRs sold in $650K range in this building not too long ago… And my colleague just rented a nice 2-BR in the north slope for $2550
Ack! I should have just gone for average. For some reason, the fact they used “mean” on their report led me to believe they used a different calculation than a simple arithmetic mean. I think I let my distrust get ahead of Occam’s razor.
So Babs, since you’re here, do you think Prospect Heights can support a $2,500 1br-apartment painted 3 shades of green?
All three are Pythagorean means; arithmetic is always the largest and harmonic the smallest, with geometric in the middle. There’s also the power mean (also called the generalized or Holder mean), an abstraction of the three. Just typing this is giving me a headache.
Average is a synonym for arithmetic mean, but mean is of three kinds, arithmetic (which is the same as average), geometric and harmonic.
This is a very nice co-op building – however, renting requires board approval (including board package, fees, and move-in/out deposit) and the sublet term is limited. RE agent might have mentioned that. And it’s actually been on the market since June, with another brokerage, beginning at $2800. And the reason there’s such a nice floorplan is because it was previously for sale and a plan was done then. I don’t know many rentals where a broker would spend money having a floor plan made.
I know, more4, I have one. But I don’t have a foyer, dining nook, or dressing room. I love prewar layouts, they allow people to have stuff.
I’m no statistician but in my recollection average and mean are generally synonyms.
But I agree, Brooklyn has done pretty well in general.