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Rents seem to be coming down quick

Started by thinktwice
almost 18 years ago
Posts: 19
Member since: May 2008
Discussion about
Alot of rentals availiable and i was able to negotiate a pretty nice 1 BR for $1900, $300 off the initial asking price. Location was UES. Alot of inventory for rentals on UES. thoughts?
Response by stevejhx
almost 18 years ago
Posts: 12656
Member since: Feb 2008

Yup.

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Response by linuspauling
almost 18 years ago
Posts: 14
Member since: May 2008

What kind of question is this? Could there be a smidgeon more detail? Like are you in 10021 or some shitty York Avenue walkup tenement?

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Response by houser
almost 18 years ago
Posts: 331
Member since: Apr 2008

Look my rent lease will be coming up in August. I have been looking at apts for the past two weeks and I have yet to find an apt that has decreased in rent from the previous year.. Compared to last year, rents have gone up in each apt I looked at anywhere from 3 to 10%. 1900 per month for a 1 Bedroom on the UES. I don't think so.
If you can provide the location or building # of this one bedroom I'd love to know but to me it's probably a walk up tenement bldg. with no air conditioning. I don' know if anyone ever saw the movie Big where Tom Hanks rents his first apt. They had a pay telephone in the hallway that kept ringing all through the night.People constantly yelling in the hallway as well. They also share a bathroom with the other residents.

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Response by CasualObserver
almost 18 years ago
Posts: 11
Member since: Jul 2006

gross.

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Response by dco
almost 18 years ago
Posts: 1319
Member since: Mar 2008

houser- Perhaps you should hire thinktwice as your broker. Is it possible that he is more knowledgeable as to where to look. My guess is that you don't think anybody is as smart as you. Good for you Thinktwice. Even if its a walk up that is good price. Enjoy

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Response by houser
almost 18 years ago
Posts: 331
Member since: Apr 2008

dco maybe I should but if I have to hire a broker than I have to pay 15% which defeats the whole purpose of saving money.
I am not interested in a tenement walk up building but I do appreciate the advice dco.

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Response by houser
almost 18 years ago
Posts: 331
Member since: Apr 2008

thinktwice can you provide the address for this building so I can take a look. If it's not a walk up than I might be interested. As long as apt is not on top of a slaughterhouse, hub cap sales office, used tire store and their are no hookers standing outside and blocking the entry way than it may be worth my while to have a look see

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Response by KISS
almost 18 years ago
Posts: 303
Member since: Mar 2008

boy, the UES must have changed alot since I lived there.

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Response by houser
almost 18 years ago
Posts: 331
Member since: Apr 2008

KISS me to. 1900 for a one bedroom? I beleive thinktwice thinks Astoria qualifies for the UES.

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Response by dco
almost 18 years ago
Posts: 1319
Member since: Mar 2008

Houser thats because you have already made up your mind. It can't be possible.

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Response by julia
almost 18 years ago
Posts: 2841
Member since: Feb 2007

Houser...keep looking because rents are coming down for one bedroom doorman bldgs.

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Response by KISS
almost 18 years ago
Posts: 303
Member since: Mar 2008

Actually houser, I was expressing my surprise to your statement that any parts of the UES had "a slaughterhouse, hub cap sales office, used tire store and . . . hookers standing outside and blocking the entry way".

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Response by thinktwice
almost 18 years ago
Posts: 19
Member since: May 2008

Yeah, it's 78th between 3rd and lex. brownstone building. my friend just signed a 450 sq. foot studio on 67th and Madison Ave for $1750. Trust me, tons of inventory if you look around. I moved last year and this year you can negotiate. Just take your time, be wise, and don't go for overpriced brokers. They all try to raise rents, but once you start talking, knock down the price 10%. It works. And btw, UES you can find really nice apartments (elevator, no doorman) 1600-2300.

Good luck to you all.

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Response by thinktwice
almost 18 years ago
Posts: 19
Member since: May 2008

and to Houser-so sound rather rude, we live in United States, where most are extremely fortunate to have shelter. Even people living in Astoria or Brooklyn are no better than us, living on 5th or Madison. In the end, we are all equal. start to just others by who they are as a person, not where they live. It's those qualities that will embrace your life:)

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Response by thinktwice
almost 18 years ago
Posts: 19
Member since: May 2008

let me repeat, we living in manhattan from a moral perspective are no better than those living in astoria, etc.

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Response by houser
almost 18 years ago
Posts: 331
Member since: Apr 2008

thinktwice guess what that's not such a great deal.

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Response by houser
almost 18 years ago
Posts: 331
Member since: Apr 2008

BTW who ever said living in Manhattan is better than living in Astoria. That thought never even crossed my mind. Apparently you seem to be fixated on it though. The Hypocrisy on this board is so nauseating.

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Response by dco
almost 18 years ago
Posts: 1319
Member since: Mar 2008

thinktwice- Do you see the pattern with houser. It doesn't matter what you say if it's not the same opinion as his then it's BS. Anything that would indicate a softening market can not possibly be true. Save yourself the time and don't bother with him. I think that those are good deals and not to negotiate is just silly in this market. Brokers would sell their own family an overpriced property to make a buck.

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Response by houser
almost 18 years ago
Posts: 331
Member since: Apr 2008

come dco hit the books it's finals week

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Response by will
almost 18 years ago
Posts: 480
Member since: Dec 2007

There was a recent report that did show that some rents were coming down, but certain types of buildings in certain areas were still going up, so you are all right.

It will be interesting to see what happens the 6-8 months, which is usually a busier season.

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