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guessing rent based on what sales price is?

Started by jstreetdream
almost 15 years ago
Posts: 115
Member since: Mar 2009
Discussion about
So if a place sold for 1 million, what is the ballpark it can rent for.... I know there are tons of variables....but I just wonder if there is any rough way. LIke what would a 1.5 million place typically rent for... Assuming in east or west village... Thanks in advance
Response by saiyar1
almost 15 years ago
Posts: 182
Member since: Jun 2010

Just look for similar building with similar amenities, unit sizes, etc. in the same street or couple blocks. Search streeteasy. New York is way to diverse in neighborhoods to have a formula.

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Response by huntersburg
almost 15 years ago
Posts: 11329
Member since: Nov 2010

Oh great, cue financeguy with his Ivory Tower formula, and inododo with his 40 step intense pressure methods.

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Response by jim_hones10
almost 15 years ago
Posts: 3413
Member since: Jan 2010

beds, baths, ameneties, location.

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