Residential Rents in Brownstone Brooklyn Receding
After ramping up in the spring and summer, residential rents in Brownstone Brooklyn began to ease in October and continued to decline through the end of the year. That’s the big take-away from Ideal Properties’ year-end report. Not surprisingly, supply was up by more than 50 percent over 2007 for one-, two- and three-bedrooms; the…
After ramping up in the spring and summer, residential rents in Brownstone Brooklyn began to ease in October and continued to decline through the end of the year. That’s the big take-away from Ideal Properties‘ year-end report. Not surprisingly, supply was up by more than 50 percent over 2007 for one-, two- and three-bedrooms; the number of available studios rose only 17 percent. With greater competition for tenants, the percentage of No Fee apartments also rose from about 2 percent to over 20 percent. Landlords aren’t getting too desperate yet though. According to the report, “unlike their Manhattan counterparts, Brooklyn’s prime neighborhoods’ landlords have not started offering ‘first month free [rent].'”
Finally the thread takes an interesting turn…
That’s OK, Dave. No offense taken, I really was just asking.
As for the underwear info, that’s classified!
Sorry ENY…I thought the way you phrased it had an attitude about it. You’re right on the basement/cellar thing. Sorry.
I don’t wear panties. I do wear boxer briefs however. You?
Yeah Dave, I understand about the cellar. That’s why I asked if you were referring to an “English” basement (there’s one in my own brownstone).
I asked because some people (mistakenly, as you pointed out) refer to the cellar as a “basement.” I was just checking. No need to get your panties in a bunch.
Geez, DIBS…I was defending you (Highfalutin Borgoise Townhouse Landlord) and your overpriced Windowless Basement hovel.
BRG, No reason for name calling here on brownstoner.
DIBS…you beat me to it.
‘Garden’ Level is fancy talk that brokers use to romanticize it.
Techanically, it’s called ‘Basement’ Floor.
Check the C of O’s, you bitter renters.
“Isn’t it illegal in NYC to rent a (true) basement?”
What’s a ‘true’ basement?
Many ‘basement’s in townhouses are legally habitable. With windows that are 50% above grade…yada, yada, yada. I have seen many many homes with what brokers call the ‘Garden’ Level (street level or a few steps down) that are labeled ‘Basement’ on the C of O.
Also, a windowless floor below grade is most likely referred to ‘Cellar’.
Is that what you mean by a ‘true’ basement – a cellar?
ENY…learn the terminolgy. It’s a first floor with full windows…2 steps below grade. Below that is a “cellar” Everyone else here knows what we’re talking about.