Rental of the Day: 2 Pierrepont Place
Get a load of this $18,000-a-month rental listing at 2 Pierrepont Place in Brooklyn Heights! The entry way is stunning, but it’s like the apartment itself just couldn’t keep up. It’s not that we dislike the look of the apartment itself, but much of it is surprisingly bland and postwar looking given the building that…
Get a load of this $18,000-a-month rental listing at 2 Pierrepont Place in Brooklyn Heights! The entry way is stunning, but it’s like the apartment itself just couldn’t keep up. It’s not that we dislike the look of the apartment itself, but much of it is surprisingly bland and postwar looking given the building that it’s in. (This apartment is located in a former Building of the Day, and is labeled one of the most elegant pair of brownstone mansions remaining in NY by the AIA Guide.) Then again, we are talking about seven bedrooms and harbor views, which don’t come cheap. Think they’ve got a shot at renting it for this price?
2 Pierrepont Place [Corcoran] GMAP P*Shark
Great thread!
Apparently sold in 1985 for $1.476M/0.80 = $1.845M. About 1.04^(25) x 1.845M = $5M today. Sobering for this location. Should be double digit mils.
3.5 stories proportions total building rent at $18K/mo x 3.5/2 = $31.5K/mo. 10 x rent = $3.78M. Wow! Even that crazy rent sobers post peak comps. 16 x rent = $6M. Still sobering for one of the “most elegant pair of brownstone mansions remaining in NYâ€!
This crash will end very badly.
Did you get a load of the size of that laundry room? Jeepers!
***Bid half off peak comps***
I love it…now the broker has to count the # of ceilings to one up their ad….this one lists “13 ceilings” as a feature
nice building, nice views, craptacular apartment. Is that a dropped ceiling? And what’s wrong with the windows and AC units? They wouldn’t look out of place at the Clinton coops.
You could rent a floor-through tricked-out loft in Soho, or a small townhouse in GV for that price. What red-blooded CEO on housing allowance would pick this abortion instead?
quote:
Rob I think they’re actually doing that. there’s some new series with something about hotties in the name and starring Betty White.
oh, that’s a new sitcom called Hot In Cleveland.. saw an episode of that, it was pretty funny i think it’s on wednesdays at 8 or 9 on tv land
*rob*
Rob I think they’re actually doing that. there’s some new series with something about hotties in the name and starring Betty White.
My mind is boggling at the spectacular destruction of “one of the two most elegant brownstones” etc., not the price.
Is that the building’s main stairwell inside the apartment or some crappy circular iron thing?
quote:
This could work well as a share.
totally! The Real World meets The Golden Girls!
*rob*
True, 11217 – $51 psf is not unheard of for Columbia Heights.
But $18K is still outrageous.
I have a friend who years ago was helping Michael Stipe (R.E.M. singer) find a place for him and his bf. They started at $5K and didn’t like anything. They upped it to $10K, still couldn’t find anything they wanted. Finally ended up with a SoHo loft for $20K per month (my friend got 15%, so nice $36K commission for about 30 days of hunting). She ended up having to call his accountant in Georgia to get a cashier’s check overnighted for first, last and deposit – $60K. The CPA was stammering and stuttering and spitting the whole conversation, muttering aside comments, but he had to do what his client instructed him to do.
The very rich are different from you and I.
I love that the laundry room has two windows overlooking the playground next door.