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What is fair current market rent for this ...

Started by shamrock
about 17 years ago
Posts: 89
Member since: Nov 2007
Discussion about
One bed, high floor, "midtown east", "luxury" doorman building. 650 sq ft in real estate agent speak which is probably more like 586 sq ft. Corner unit so double exposure What do you think...?
Response by PMG
about 17 years ago
Posts: 1322
Member since: Jan 2008

offer $2400 or about $44 psf

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Response by PMG
about 17 years ago
Posts: 1322
Member since: Jan 2008

That is assuming there is nothing extraordinary about the place.... first rate finishes, washer-dryer, Chrysler building view...

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Response by visitor
about 17 years ago
Posts: 7
Member since: Oct 2007

what about midtown west in similar type rental?

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Response by nyc10022
almost 17 years ago
Posts: 9868
Member since: Aug 2008

I've seen the going rate higher than $2400. $2k gets you an upper east walkup thats been renovated ok. Elevator another $200 at least, doorman another $200. And thats the Upper East side, and with some tiny apartments.

These apartments were going for $3500-4000 at peak minimum. And this sounds decent - corner, you like the finishes, high floor, you call it luxury. So even if you knock 20% off, you're still talking $2800-3000.

I might aim a little higher.

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Response by hejiranyc
almost 17 years ago
Posts: 255
Member since: Jan 2009

2400 sounds about right, but I suspect you can negotiate another 10-15% off of that or get some free months.

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Response by fakeestate
almost 17 years ago
Posts: 215
Member since: Nov 2008
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Response by soph
almost 17 years ago
Posts: 55
Member since: Jan 2009

rental building or condo- "luxury" means diff things to diff ppl but ifit's a luxury rental $2,400-$2,500 right now.

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Response by gusantana
almost 17 years ago
Posts: 20
Member since: Dec 2008

Right now its all negotiable nothing is off limits!

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