building
We’ve been watching with a mix of horror and resignation as this build has gone up over the past year. No point in belaboring its aesthetic shortcomings, though it never ceases to amaze us how developers persist is picking such butt-ugly types of brick. Now it will be interesting to watch as these 650-square-foot one bedrooms rentals languish on the market at their monthly asking price of $2,100 to $2,200. With similarly sized one-bedroom brownstone floor thrus in the area renting for $1,400 to $1,500 a month, it’s hard to see where the demand for these soulless places will come from.
309 Grand Avenue [Prudential Douglas Elliman] GMAP


What's Your Take? Leave a Comment

Leave a Reply

  1. “Many people (myself included) would prefer to live in a modern elevator building instead of a brownstone walkup”
    Crawford

    That’s a perfectly valid statement–I suspect most people would agree, BUT THIS particular blog is for those who share “an unhealthy obsession with historic Brooklyn brownstones and the neighborhoods and lifestyles they define” so why waste your time here?

  2. “…individual Central AC/Heat System, Hardwood Floors, Granite Counter Top, Stainless Steel Appliances and Jacuzzi Tub…1 bedroom plus den, some with Private Balcony or Terraces.”

    For what you get, I’m less suprised by the rental amount than I am at SOME of these $1M+ dilapidated brownstones in Clinton Hill (i.e. Corcoran 867480)

    I bet they rent @ asking.

  3. You can get really nice places in Manhattan for that. But I also think a lot of people really want new construction these days too- especially when they’re advertised as luxury rentals. The rental market seems even more competitive than ownership markets. And the prices only go up because of demand. And the truth is that you may not be able to buy, but if you want a place to live, you will have to rent. It may not be everyone’s first choice, but in a lot of situations it is the only choice.

  4. Shaun, I was looking to rent in January and most of the apartments in UES and UWS were between $1600 and $1800 a month for about 600sf. Alcove studios in doorman buildings were starting at $2000, so I bet you can get a decent 650sf for $2200. Out of my price range though. I ended up in Brooklyn at $1450 in a pre-war walkup.

    I will agree with 1:54pm that reno’d apartments are definitely more desirable for young people (like me) then older apartments. I keep kicking myself because I found a nice one bedroom in brooklyn heights for $1625 in a PT doorman building that was unreno’d. Walked by it this past week and it looks like they’re fixing the place up now. I couldn’t stand the carpet though. Now I have hardwood floors and I’m loving it, plus it’s stabilized.

1 2 3