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find me a rental apt in ps199 (w/ constraints)

Started by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008
Discussion about
Can you find me a 3-bedroom with dining room or very large living/dining room area for under 9k? Cannot be a Trump-y building on Riverside Blvd. Has to be zoned for PS199 both now and in 2010 (so exclude area bound by 70th & 72nd, bet. Bway & CPW). No walkups.
Response by aboutready
over 17 years ago
Posts: 16354
Member since: Oct 2007

for those of us not aware of the exact boundaries, particularly now, can you give them?

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Response by erath
over 17 years ago
Posts: 1
Member since: Nov 2008

There's an Apt available for (9,500) -I think they are negotiable- Please call: Eric Rath @ Charles Rutenberg Realty 917-968-0085

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Response by uwsmom
over 17 years ago
Posts: 1945
Member since: Dec 2008

You know, family sized rental apartments in this area are hard to find. Most are in the 80's. There are definitely some out there though and if you can go up to 9k, you shouldn't have problems. You're now my competition so I will say no more ;)

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Response by uwsmom
over 17 years ago
Posts: 1945
Member since: Dec 2008

So, most of the 70's go to PS87.
Hmm.
Yeah, what are the boundaries for 199?
How long do you plan to rent?

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Response by uwsmom
over 17 years ago
Posts: 1945
Member since: Dec 2008

How about 50 West 67th St.

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Response by West81st
over 17 years ago
Posts: 5564
Member since: Jan 2008

uwsmom: This one?
http://www.streeteasy.com/nyc/rental/469987-coop-50-west-67th-street-lincoln-square-new-york

I agree, that's probably about as good a fit as there is in the 199 zone, and can probably be had for under $9K.

BTW, uwsmom, have you checked out the penthouse at Schwab House? Chopped from $13K to $7500, and still dropping. The big terrace might be a little too scary with rugrats around. Zoned for PS87, so not an option for nyc10023.

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Response by West81st
over 17 years ago
Posts: 5564
Member since: Jan 2008

nyc10023: Does the Coronado switch to PS87 next year?

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Response by uwsmom
over 17 years ago
Posts: 1945
Member since: Dec 2008

Well,being the naive fool that I am, I might start w/ this one and get a feel for the level of desperation to rent: http://www.streeteasy.com/nyc/rental/455468-coop-50-west-67th-street-lincoln-square-new-york

I could easily see the next chop on this one being $9500

Of course, if you have to reduce your expectations to this, http://www.streeteasy.com/nyc/rental/469987-coop-50-west-67th-street-lincoln-square-new-york, you're still doing alright (although, that living space looks a little tight)

I've seen the listing for the Schwab penthouse. Looks like it has nice views. There's also a 3 br combined unit that I continue to get a kick out of (I think it has 2 kitchens), but it's a lot of space.

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Response by OTNYC
over 17 years ago
Posts: 547
Member since: Feb 2009

Curious, why PS 199 over 87 - my kids aren't school-age but I had always understood 87 to be a better school.

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Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008

Thanks for all the responses. The apt isn't for me - I've been trying to help a friend find a rental. We're more or less decided that we are not going to sell, as tada, it's nigh impossible to find 4+ bedrooms in the area. I'd already proposed 50 West 67th (nice that there are 2 that you can use for negotiation) but it's a co-op, so no idea if you can rent indefinitely.

The issue is that my friend's older kids already go to PS199, but the youngest isn't old enough (hence 2010 question). There is no longer the (implied) guarantee that non-zoned siblings are guaranteed entry. I don't think PS87 is better than PS199 but it's very nice to have all your kids at the same school.

Yes, the Coronado switches next year.

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Response by uwsmom
over 17 years ago
Posts: 1945
Member since: Dec 2008

If they aren't using strollers anymore, this could be nice (just one flight up from parlor level)
http://www.streeteasy.com/nyc/rental/490135-rental-35-west-71st-street-lincoln-square-new-york

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Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008

That apt changes zone in 2010.

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Response by uwsmom
over 17 years ago
Posts: 1945
Member since: Dec 2008

oops. just noticed that. looks nice though....

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Response by Leslie4269
over 17 years ago
Posts: 77
Member since: May 2007

We own 50 west 67th street 3GH..yes negotiable. I want to stay in Florida..so want to rent the apartment. Call my broker..make us an offer if anyone is still interested.

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Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008

I will pass the message on, thx.

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Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

Hmmmmmm... hello all. Leslie4269... hmmmmmmmmm if you had a time machine and could go back the 90 days... would you have listed it for $7K? and maybe had a renter there this whole time? Tuff mkt w/ all the families pretty much settled in for the summer...I'd fire the broker and list at $5.5K and get it done.... wait let me double chk.... $3K maintenance fees... so you'd net $4K month * by 12 carry the one...hmmmmm hmmmmm oh schnap! $48K divided by $2.1MM... that's like 2.29% return... nice nice... and all leveraged equity , possibility of nuclear holocaust in N Korea, 2nd Leg down in DJIA, Interest rate going thru the roof.... I'd say you're not charging enough for rent... if it was me... I'd need at 12% in this market.... that would be $24K/month... Good luck w/ that. How's the weather in FL?

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Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008

W67: it's all about location. A 10k 3-bed rental at 200WEA went in a week. Leslie: I suggest that your broker take better pictures, and maybe price at 7995. Is the board flexible on subletting (i.e. can you go for longer than 3 years)? Also, how many reference letters do you need to have?

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Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

like AR says :) ... i'm just having a bit of fun. one the 10K unit.. .do you know if they paid broker fee or 3,4,5,8,10 months free :)

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Response by Leslie4269
over 17 years ago
Posts: 77
Member since: May 2007

Have no idea about anyone else..been too a bit distracted here at the beach..ha,ha,ha. Not sure if I would go back in time and rent for 7k..probably would go back in time a year or so and sell at top of market. Wouldn't we all do things a bit different if given the chance. Anway, we are where we are now and are going with the flow. Like I said if someone wants to make an offer call our broker. We're flexible..always have been (as all our neighbors know) always will be. In answer to your question ncy10023 it's a three year sublet tha's allowed in this building. Nice building, nice people...guess it depends if you like Riverside or Central Park. Both nice : ) Have a great night all. We still love Manhattan who wouldn't? Oopps take that back..on this discussion forum who knows what answers that will trigger...

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Response by nyc10023
over 17 years ago
Posts: 7614
Member since: Nov 2008

W67th: unlikely that there were too many concessions made if it was rented in a week.
Leslie: good luck, my friends are balking at the co-op thing, but location is perfect.

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Response by w67thstreet
over 17 years ago
Posts: 9003
Member since: Dec 2008

nicely done Leslie4269.... good luck with it. If the cycle is right... my wife likes that block also :)

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