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Rentals already

Started by ParkSloper
over 15 years ago
Posts: 8
Member since: Jul 2010
Should I be concerned about someone renting out an apartment so soon after the move in date and so few units sold? How do people in the building feel about renters coming in? Hope it doesn't become like the Elan.
Response by NYCMatt
over 15 years ago
Posts: 7523
Member since: May 2009

I'd be more concerned with people not knowing that Fourth Avenue isn't in Park Slope.

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Response by bjw2103
over 15 years ago
Posts: 6236
Member since: Jul 2007

It's the border, so I guess you could say it's not 100% in it. For once, you're right Matt.

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Response by ParkSloper
over 15 years ago
Posts: 8
Member since: Jul 2010

Yes, it isn't Park Slope if you want to be picky. Doesn't matter that much if you can cross the street and go a block over. The point is about rentals. I don't live in the building but was interested.

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Response by NYCMatt
over 15 years ago
Posts: 7523
Member since: May 2009

"Yes, it isn't Park Slope if you want to be picky."

It's not about being "picky", it's about being ACCURATE.

Sixth and 15th is not the Village, it's Chelsea. South of Houston Street is SoHo (hence the name). Yes, even just one block does make a difference.

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Response by winter
over 15 years ago
Posts: 12
Member since: Aug 2009

Are people renting out apartments? Do you mean someone bought an apartment and then rented it out?

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Response by ediacara
over 15 years ago
Posts: 21
Member since: Mar 2010

That's interesting. Haven't heard anything about anyone renting.

And Matt, if you care about accuracy, you should have said if you are on the "north-side of 14th and 6th Ave" (not 15th). The border of Park Slope *is* 4th Ave on the the west, the park on the east, 15th St on the south, and Flatbush on the north. These have always been the boundaries. 10 to 12 years ago people didn't want to move below 6th Ave. 10 years ago 5th Ave began to thrive. Now that things are rezoned and the neighborhood has changed, Fourth Avenue is not the same place. Anyone concerned with walking 1/2 mile to the park, an Avenue to get to 5th, or 3 to get to 7th, shouldn't move here. But most Brooklynites and New Yorkers don't mind walking a few blocks.

Is the building the Park Slope or Gowanus? I don't really care. Do I care that Side Car, Lowlands or Toby's aren't in Park Slope? Nope.

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Response by thegreatmachine
over 15 years ago
Posts: 1
Member since: Jul 2010

Way to de-rail the thread!! How bout some actual discussion about this going rental? I think it was bound to happen, if we're talking about someone renting out their unit. People's lives and plans change in the long lead time to getting the building finished. If the management starts renting out units, that's another story!!

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Response by ediacara
over 15 years ago
Posts: 21
Member since: Mar 2010

I imagine this is an individual renting out their unit. Has anyone else heard anything?

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Response by ediacara
over 15 years ago
Posts: 21
Member since: Mar 2010

Ah, now I see the one rental listed on this page. It actually does look like it's new and coming from Prudential. That kind of sucks. I wonder if they are testing the waters to see if they will rent more easily than sell:

http://streeteasy.com/nyc/rental/673825-condo-500-fourth-avenue-park-slope-brooklyn

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Response by ediacara
over 15 years ago
Posts: 21
Member since: Mar 2010

Ok. I jumped the gun again. It is certainly an individual buyer renting out their unit. The floor plan lists 6-8P. All 3 of these units are sold or in contract.

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Response by ParkSloper
over 15 years ago
Posts: 8
Member since: Jul 2010

It looks like a buyer renting out. I understand buyers have the right but to do it so quickly shows that it may be more of an investment property. It probably would have been better if the buyer waited or bought at another building.

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Response by rick189
over 15 years ago
Posts: 42
Member since: May 2010

I had all kinds of banks stipulations that I couldn't rent out my place for at least a year after purchasing. I guess this buyer had a different arrangement, but I still wish they waited.

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Response by Jake_F
over 15 years ago
Posts: 27
Member since: Dec 2009

He probably bought with all cash.

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