$1750 for a studio in FiDi or UWS?

I don't think you're that far off.

20 pine gets closer and closer to $2k in its listings each week. I would not be surprised if somebody took an offer at that level....

And this isn't just renovated, its brand new with some pretty fancy appliances... sub zero, washer dryer, etc. And separate shower and soak tub, pool, bla bla.

good to know, i always assumed that buildings like those, which would be ideal, would be well out of our price range.

Luxury renovated prewar studio w/doorman at 230 Riverside Drive @ 95th Street. 2 short blocks to express station and directly on Riverside Park, near Sailors and Soldiers monument, 91st St Garden, tennis courts, Esplanade and River Path access. Asking $1850/mo with one month free or net effective of $1695/mo

http://www.streeteasy.com/nyc/rental/443317-condo-230-riverside-drive-upper-west-side-new-york

ali has a listing in fidi for $1650 luxury bldg., etc.

Sea -

just make an offer. What's the worst that could happen?

nyc10022, where are you seeing these listings? streeteasy?

amateur, 230 riverside looks nice, kitchen's a bit smaller than i'd prefer, but still nice.

julia do you have anymore info on that building? where can i find ali's listings?

and thank you for all your help!!

The cheapest listing at 20 Pine is currently $2400. Make an offer, yes. One can dream, right?

i put in an offer for a studio at 20 pine 2 weeks ago (one of the ones with the better floorplan). they had it listed at $2600, then reduced to $2300; i got it down to $2150 + no broker fees / application fees. we backed away from it for unrelated reasons.

> The cheapest listing at 20 Pine is currently $2400. Make an offer, yes. One can dream, right?

Or one can actually do the research. Keep scrolling.... an 800 psf one (thats a biggie) rented for $2350 or less. And there was a smaller one was listed at $2200 previously. AND a friend checked one out listed at $2100. Plus the guy above.

Also, figure the more expensive ones are posted through brokers... I saw TONS more on craigslist (just put in 20 pine)

Remember, many of these are owned by "investors" who need cash QUICK.

> and thank you for all your help!!

No worries, sea. Great time to be looking!

$1750-1850
Renovated studios on west 19, west 23, west 8
with no broker fee

elena
(broker)

So someone got an offer of $2150--you're still far from 1750/mo. But good try 10022. Keep posting, you're really on target with this idea. I agree it's a bloodbath at 20 Pine, but you will see investors walk away from their equity before they will accept a $1500+/mo shortfall from their mortgage, tax and cc costs.

Oh, that's right, advise someone to rent from a LL that is desperate for cash. Such a LL may not be paying their mortgage. May work for a one year lease, but I wouldn't count of annual renewals.

Are you just trying to be difficult? Do you not want this guy to find an apartment.

I clearly said 20 pine "gets closer and closer to $2k in its listings each week. I would not be surprised if somebody took an offer at that level...." You aren't adding much to this discussion, just repeating what I said.

And my point is, these are HIGH END ones, not just renovated. And there are already ones below $2k in other buildings, as folks have noted.

$1,750 is not going to get you into 20 Pine. Let's be realistic people.

Coming from the guy who said we'd never be down 20% in Manhattan.... I take that as a good sign we will.

;-)

i guess a girl can dream :) i'll keep looking and maybe rents will fall more in the next month or so. we'd love a new building but if that's not feasible in this price range, we're ok with something that's renovated.

Alison Rogers with DG Neary...I don't have her number but look her up on previous discussions and you'll find her info.

New is not always better. I lived in a new building several years ago in NJ, and within 2 years, there were huge settlement cracks in the sheet rock large enough to put 2 fingers into.

Most apartments in Manhattan are not down 20%.

Of course not alpine292, they are down 25%.

=D (couldn't resist the bait)

I'd much rather live in a renovated classic 6 than some stupid brand new yuppie condo with huge floor to ceiling windows that make the place freezing in the winter.

10022, it is just a fact--you won't have stable LL ownership if their ownership costs are $1500/month above the rent collected. The studios at 20 Pine have to cost at least $3500/mo and the OP wants a rent of $1750/mo.

Last I checked, I added a listing above that meets the criteria and therefore is not a dream.

Also for $1800 with one month free renovated studios one block from Bloomingdales (East 58 street)

elena
(broker)

I would be very nervous about renting from a landlord who is in negative cash flow. What if the sheriff comes knocking? There goes my security deposit!

A friend just rented on maiden lane (downtown) an 1800 studio (doorman building)

They were asking over 2k, but lately lots of places are offering 2 or 3 months free rent, so you have to factor that in.