renting in Brooklyn Heights, DUMBO, dowtown Brooklyn

why would you want to rent in such an awful area?

Did someone who lives in the murder capital of the U.S. just call Brooklyn Heirghts an "awful area"?

Yeah, I recommend Chicago. I heard you can rent there in downtown at one of the luxury condos for about a 100 bucks! But be prepared to deal with jerks like rufus.

rufus thinks that Chicago is immune because it is the home city of Obama. Well, sorry to disappoint you rufus, but Crawford, Texas is the same middle of nowhere dump today as it was in 2000.

dumbo is easily one of the most overrated neighborhoods in NYC. people pump it up because a few highrise buildings have gone up recently. but the area sucks; there's virtually nothing going on. Dumbo mainly attracts poor people who can't even afford manhattan.

alpine292, good lord, you're a moron. i never said Chicago is immune from crime because of Obama. rather, my point is that the vast majority of murders in Chicago happen in the far south and west side. the nice areas are safe because the city got rid of the housing projects, and they are completely gentrified.

i challenge you to name a NYC neighborhood that is more gentrified than gold coast, river north, or lincoln park.

rufie, what is this obsession with hi-rises. it's getting kind of wierd???

ps - CHICAGO is for people who can't afford BROOKLYN that is why BROOKLYN costs more than Chicago.

Still can't convince anyone to move to Chicago, dude? I think it's time to give up cuz you just sound more pathetic and jealous each time.

kspeak, most people, if given the option, would easily choose gold coast or lincoln park over brooklyn heights or dumbo. they would even take those chicago neighborhoods over upper west side, midtown, village, tribeca, chelsea, etc.

This is crap. Aren't you giving us the option and nobody really cares?! NO TO CHICAGO!

landlords are becoming much more flexible...a friend, no job, good credit filled out an application with a management firm and was able to rent without additional security.

When did Chicago become relevant? That's a farm-league town.
Well, they DO have Oprah, so maybe I'm wrong.

I've been looking at a few in Vinegar Hill. The prices aren't going down enough and they are pulled off the market. I think that this area is overpriced but I can see that inventory is not moving and instead of reducing prices, owners are pulling them off the market.

I don't really get the appeal of Vinegar Hill, certainly less so than DUMBO. How much are you looking to spend? Do you have to live in a new condo?

I know a great deal on a one bedroom in downtown Brooklyn with a great view of Manhattan. How much are you willing to spend?

I live in in the Heights and I think the Heights, Downtown Brooklyn and DUMBO are super.

"dumbo is easily one of the most overrated neighborhoods in NYC. people pump it up because a few highrise buildings have gone up recently."

Lets add this to the proof that Rufus has never been to NYC (or out of Indiana list).

DUMBO known for its... uh, highrises?

I am looking at those areas, possibly for spring. Junkman, is the 1-br you know of listed online? I'm curious.

Junkman, are you talking about your apartment at the Toren?
You thinking of renting it out?

I am looking at 79 Bridge or 50 Bridge in Vinegar Hill. Right now a few lofts have gone off the market at $650K. I think that these are overpriced given there are not many amenities in these buildings, ie. gym, etc.

nyc10022 not a bad idea.

Maybe I could afford to purchase it if I had a good renter that was willing to sign a 1-2 year lease. Hopefully the market should improve and then I could to move into it myself. I have plenty of money for the down payment and closing costs but the monthly costs would be difficult. This might be a one around that. I love the Toren in case you didn't know it ready and would love to find a way to purchase it.

Not a bad idea.

Here is my view looking west at Downtown NYC.

http://www.brownstoner.com/brownstoner/archives/2008/08/closing_bell_to.php?gallery702Pic=5#gallery-702

Is anyone interested in renting an incredible apartment with a fantastic view of New York from the 33rd Floor of a iconoclastic building in Downtown Brooklyn. The view faces west and is protected at least for the next 2 years.

One bedroom, doorman, pool, outdoor landscaped 2 level area, library, health club etc.

I could afford to rent it for $2700.

If interested, check out the Toren apartment 3304. No fee. Rent it directly from me.

One problem, I don't know when the building will be ready for occupancy. Another is, if the market rebounds prior to closing I'm moving in myself. I'll honor the lease but if I can afford to move in after its completion, I will.

EW, you may have hit on something. Do I have to pay you a fee for your intelligent idea?

Figure its a little charity to make up for the fact that you missed the advice not to buy in the first place...

;-)

I'd consider renting in the Toren. Or buying. When is occupancy expected?

Projected in the Spring, maybe April.

Probably June.

It is always difficult to project when projects of this magnitude get final certification.

I saw two rentals in the Oro facing east on much lower floors with no view asking for $2900 and $2850 (one bedrooms)

If we decide to get serious about this I would have to meet with my lawyer and get a deposit that would guarantee that you are committed. Obviously, we would have to meet and make sure we want to go forward. I'm willing to give a good price for monthly rent ($2700) if I feel very comfortable with the perspective renter. As I mentioned earlier, I plan to live here eventually and want a good tenant in the meantime that I can trust.

If truly interested, we can meet at the Toren sales office or you can come to my apartment in Brooklyn Heights and I can show you pictures of view and tons of literature on the building and we can get into details. I know the current neighborhood very well and developments that are presently being built around the Toren with renderings that I downloaded from Brownstoner.

Could be a win win for both of us.

My lease is up April 2009; I'd love to try out the area (and a new building) for $2700 a month. I am definitely interested.

To be honest I don't know how interested I am in renting. I flip-flop between wanting to rent and buy. Sounds like you have people more interested than I.

Believe me, I'm interested in buying, but I don't think next year will be my year.

evnyc,

If truly interested we will need to discuss further. Obviously, I would need a financial commitment prior to me signing the doted line to purchase. I'm already in for 10% and would need security before I drop another 10%. This would happen in the Spring/Summer.

If want to come over to my place to discuss, let me know.

Junkman - drop me an email at aptbyernyc@yahoo.com and let's talk. Spring would be perfect, and a financial commitment would be no problem.

> I saw two rentals in the Oro facing east on much lower floors with no view asking for $2900 and
> $2850 (one bedrooms)

You can get that in FiDi.... I have a feeling we're going to see those drop dramatically once the inventory starts coming online..

Oro is a terrible condo. i can't believe they're charging that much for a one-bedroom with no views.

True, it should only be 3x times as expensive as Chicago's best properties, not 4x.

As someone that lives in Downtown brooklyn. Don't rent anything, prices are too high. If you gonna go that route you might as well buy in those areas. But wait the prices are gonna drop either this winter or spring.

nyc10022, you're once again wrong. chicago's best properties, such as the trump international or the elysian, are way more expensive than the oro.

We've already been through this... we actually pulled out the pricing in the other thread.
Chicago's finest is cheaper than Brooklyn.

Sorry, but its true...

the average unit at trump international in chicago sells for around $1200/square foot. that's more expensive than oro.

Junkman,

Why would you have to put in an extra 10%?

Hey ap307,

I was just talking about a potential closing where I would put a 20% down payment on the condo. (They have 10% of my money and I would put down another 10% for a total of 20%)

Personally, it is ridiculous out there and chances of closing are becoming more remote by the day. Do you still think I was over reacting to economic environment? Today, the public was buying bonds at 0% interest. Again, let me repeat, 0% interest. I have never heard of that before. After transaction cost, you will have less money given back to you at maturity than you put in. That is insane. People are so desperate that are willing to take a guaranteed loss just to find some safety. I would call this panic in the streets which is why I bought financial stocks at the end of the market today. ( Citibank@$4.60, BofA@$11.30 and JPM@$23.20)

Insane.

> As someone that lives in Downtown brooklyn. Don't rent anything, prices are too high. If you gonna
> go that route you might as well buy in those areas. But wait the prices are gonna drop either this
> winter or spring.

Thats illogical. It is certainly better to rent for a few months at a "high" price than to buy and see something immediately drop (particularly when leveraged).

> the average unit at trump international in chicago sells for around $1200/square foot. that's more
> expensive than oro.

And less tham DUMBO

Hmm.. the ASKING price at the most expensive apartments in all of Chicago are almost as expensive as average apartments in Brooklyn.

I think its definitive proof... Chicago completely sucks.

nyc10022, are you retarded? the average price per square foot in the oro is around $700/square foot. that's WAY below the nice chicago condos.

Yes, rufus, Chicago is awesome because its BEST condos HOPE to sell for more than condos next to the projects in Brooklyn.

You win! Chicago rules! Its just like living next to the projects in Brooklyn!

Granted, I was surprised to see that the most expensive apartments in ALL of chicago are cheaper than DUMBO...