Eating Our Words: Clinton Hill Eyesore Rents Out
It looks like we have to eat our words on this Grand Avenue rental building. Evidently there was no shortage of people looking to drop more than $2,000 a month for a one bedroom in a (to be kind) bland new-build in Clinton Hill. From our vantage point on the street and the fact that…
It looks like we have to eat our words on this Grand Avenue rental building. Evidently there was no shortage of people looking to drop more than $2,000 a month for a one bedroom in a (to be kind) bland new-build in Clinton Hill. From our vantage point on the street and the fact that the listing is no longer up on the Douglas Elliman site, we can only conclude that this baby is fully rented. Anyone know what the mix of tenants is? Is it mostly Pratt students or young professionals?
Ungrand on Grand: $2,200 a Month for That? [Brownstoner]
The back of my apartment sits catty-corner to this building, so I can see the back of their apts. I can confirm that they all appear to be full. They all have terraces on the back and big windows. I’ve seen a few people on their terraces, and they all look like couples in their late 20s or 30s. No artist-looking, college kids. Urban professionals with bikes, cats and curtains. (I’m totally not a stalker, but it is fascinating to watch a building built and then notice people as they move in. I’m totally not as creepy as I sound right now…)
Of course they’re rented out. Nobody’s blinking in the sales market.
When sale prices crash land into the inflation curve, rents will ease.
I have been there. Nice big windows let lots of light in and has nice rooftop views from some of the apts. Not the agent, just have been there. It looks completely rented, and quickly. Many people in the city actually prefer new architecture to the old architecture. I know this is heretical to some on this blog.
They rented very fast. One day a couple of apartments seemed occupied, and within a week or two they all were.
This is on Grand Ave., between Lexington and Greene. Almost all of the surrounding buildings are residential. There’s one old 2-story building across the street that is some kind of telecommunications business. I think it’s used as a warehouse and office. No noise, not much traffic except for the UPS truck blockng the sidewalk once in a while. But it’s a very nice block.
Yuck, this is another case of residents supporting the developer notion that good design doesn’t matter.
there’s a floor-through 1.5 bedroom around the corner going for $1600 for something like 800 sq ft. even that seems outrageous to me, but it’s cheaper than this thing.
nice floor throughs in good shape and well maintained are not much cheaper.
Brownstone floorthrough rentals are cheaper because
a) owner needs the cashflow and sanity and tend to prefer to keep rents down a little to reduce turnover.
b) taxes are lower due to different tax class and long ownership.
Eh gads, when I was a Pratt Student, back in the early 1980’s, there would be no way I could afford the 80’s equivalent of $2000 a month for an apartment. I paid dorm fees and then moved into a Ft. Greene house that was a dump, but $900 per month and split 7 ways, everyone with their own bedroom and share of the two kitchens and 3 bathrooms. It was a struggle to get everyone to pay their $130 each of rent, plus the electric and gas (including heating the building in winter).
Either Pratt Students are a lot more affluent now a days, or they are just not renting in places like this.