Rent-to-Own at 360 Baltic
What happened? Recently we [mistakenly] reported that 360 Baltic had nearly sold out, with many units snatched up or in contract. Not so. In fact, per Streeteasy, seven units are now for rent, and the Halstead Web site reveals that they are now rent-to-own. Streeteasy still shows one listing in contract, a 1,175-sf three-bed for…
What happened? Recently we [mistakenly] reported that 360 Baltic had nearly sold out, with many units snatched up or in contract. Not so. In fact, per Streeteasy, seven units are now for rent, and the Halstead Web site reveals that they are now rent-to-own. Streeteasy still shows one listing in contract, a 1,175-sf three-bed for $935,000. Two are listed as sold and six say “off-market.” Those are now rentals, and they sure ain’t cheap. The three beds are $4,200 and $4,500; two beds are $3,500 and one beds are $2,900. Not sure that will fill the place any faster, though surely some will feel better applying that chunk of change to a mortgage. So, reports from the field? Anybody considering this?
360 Baltic Street [Halstead]
yeah, i looked at the listing. i believe almost everything in brownstone brooklyn is twice the price it should be, this property included.
quote:
pitbull – what? so, don’t buy anything, i don’t care, but it’s a bad idea financially to rent if you have a significant 6 figure income. and, sure, may be you can live like your 20, but when a person works hard, cheap rental apts. in crap neighborhoods aren’t going to cut it for most grown-ups.
um i never said that. hells if i made a 6 figure income maybe i would by. i barely make half that. seriously. and im 31. yeah and honestly yeah i do feel like im living like im 20. grrr but so do many people in this city my age. but then again whatever i dont rely on welfare, i dont rely on parents cuz i dont have them, i make my own money and live by it. so i rent. big woop! yeah okay maybe 30 years from now im gonna be screwed when my rent is 624,935.13 a month, but you know what can i REALLY do about that right now other than pay my rent? you know how the song goes, Mya’s song…
Cuz ain’t nothing going on but the rent
You got to have a j o b
If you wanna be with me
Cuz ain’t nothing going on but the rent
You got to have a j o b
If you wanna be with me
*rob*
quote:
And from an audience that is reportedly pretty well educated and affluent
please don’t assume. state school here and borderline poverty. i just happened to like architecture, real estate, and brownstones.
*rob*
As for my quick-draw response… I actually went to the website, clicked the ALL PICS link, and searched for a floorplan. None of that helped. I DID overlook the fact that it’s a duplex, so yeah, the price isn’t insane, as I first said. But, paying roughly 3k/mo to live next to the projects is a little crazy, no?
Longtimelistener —
Did you read the details of the Rent to Own?
Did you read previous posts explaining the price and what you actually get?
Oh wine lover, you pompous little ass. Oh to be young and so cavalier.
Yes, by all means, you and your 30 something friends making ‘a few 100 grand a year” should certainly be buying apt.s
pitbull – what? so, don’t buy anything, i don’t care, but it’s a bad idea financially to rent if you have a significant 6 figure income. and, sure, may be you can live like your 20, but when a person works hard, cheap rental apts. in crap neighborhoods aren’t going to cut it for most grown-ups.
so, once a person decides to get a decent place, most of the time renting costs more monthly than a mortgage for the same place if you make a few 100 grand a year because of the tax break.
isn’t that obvious?
you’re right, pete, that the one-beds are very nice one beds. they’re still almost $3,000 a month.
hardly a realtor – I’m a computer programmer. And my rant is not just about this apt building or other sales listings.
It just amazes me how quickly comments and judgements are made. ALl this shooting from the hip just from some rumor, heresay, quick glance at some photo or whatever.
No depth, no questioning, no further research or thinking there is more to an issue or a story. All very NYPost.
And from an audience that is reportedly pretty well educated and affluent (and sorry for the dig Brownstoner – but many of the threads are based on ‘rumor’ and other misinformation too).