Rental Picks: Bed-Stuy Edition
A few of the apartments for rent in Bed Stuy that caught our eye: 1) Throop and Hart, 3 bedrooms, 1.5 bathrooms, $2,375 2) Lafayette and Nostrand, 3 bedrooms, 2 bathrooms, backyard, $2,600 3) Patchen and Gares, 1 bedroom, 1 bathroom, $1,345 4) Kosciusko and Throop, 2 bedrooms, 1 bathroom, $1,545 5) Kosciusko and Marcy,…
A few of the apartments for rent in Bed Stuy that caught our eye:
1) Throop and Hart, 3 bedrooms, 1.5 bathrooms, $2,375
2) Lafayette and Nostrand, 3 bedrooms, 2 bathrooms, backyard, $2,600
3) Patchen and Gares, 1 bedroom, 1 bathroom, $1,345
4) Kosciusko and Throop, 2 bedrooms, 1 bathroom, $1,545
5) Kosciusko and Marcy, 1 bedroom duplex, 2 bathrooms, garden, $1,400
(Click through for neighborhood rental stats)
StreetEasy Stats for Bed Stuy Rentals:
– 67 listings
– 15 one-bedrooms; $1,435 average
– 36 two-bedrooms; $1,565 average
– 11 three-bedrooms; $1,898 average
– 3 four-bedrooms; $2,633 average
As a point of comparison, someone is trying to rent a 2 bedroom duplex in Carroll Gardens for $3K on the bococa listserve right now. Believe me, I am a fan of Bed Stuy — if we buy that’d probably be where — but that makes some of those rents seem a bit high.
“Yes, but you would have to compare based on just market rate renters’ incomes and unregulated rents to make the comparison.”
Yeah – I realized that as I posted it. Rent regulation is evil and communist
This is all very interesting. Good point about the median income and rents not holding up. We’re moving from Bushwick L train to Bedstuy JMZ train soon. The groceries near us are quite good, but we’ll probably still have to shop outside the area for meat and 100 percent whole grain bread — as we have everywhere we’ve lived in NYC, including Carroll Gardens. I swear, you can fall into anyplace for a drink or designer clothing, but running a simple errand is a massive undertaking.
“shouldn’t 40x the monthly rent of an apt be somewhere in line with the median annual income of a neighborhood?”
Yes, but you would have to compare based on just market rate renters’ incomes and unregulated rents to make the comparison.
Oh. and Thank you Mopar. Sorry that was rude :-/
I’m laughing at myself now DIBS:
“this is NYC, Capital of The World, no one is concerned with such pedestrian rules-of-thumb.”
but it’s true! you even cross the street in new york and the vibe of the neighborhood changes. I think that’s proven by how heated the “neighborhood street boundary” arguments get on this website! lol
Mopar – I think the L is more interesting to more people, but if you had the same new finishes as the places advertised here, they would probably be more on the L.
I also agree with DH that the rental income as a whole probably *should* be 40X of monthly but that doesn’t really work in this city. Just like other neighborhoods across the city, there are subsets of cultures here so for the group that is looking for this type of thing (new condo like finishes in this case) they will pay for it, and for less then what they’d pay somewhere else for a similar esthetic. I think this is true in most neighborhoods although it’s more extreme in this neighborhood because of where it is in it’s progress. Both Park Slope and Williamsburg used to be super sketchy, Park Slop quite a while ago, Williamsburg more recently. Clinton Hill, Fort Greene same deal. I’m sure the monthly rate to median income doesn’t hold up in any of those places due to people living there a long time and having pre-boom time prices and new people who paid the much higher new rates.
Ok…Fair enough.
dh, this is NYC, Capital of The World, no one is concerned with such pedestrian rules-of-thumb.