Comments on: Bushwick Apartment Roundup 7/27/07

By: Tom

Tom — Mon, 30 Jul 2007 22:31:26 +0000

Are landlords allowed to raise the rent more than 10% per year. Someone said so but I’m not sure. In gentrifying areas can’t they just skyrocket any non rent stablized/controlled apts?

1,000 sf is sweet, and $1260 back then was probably okay.

Where did you buy in the Wick? What streets?

Guess that’s going to be the story for a lot of people, pushed from the burg to the wick.

and by loft do we mean true loft with big windows in a warehouse bldg, or some 2 family house that’s just big.

By: Matt

Matt — Mon, 30 Jul 2007 21:24:33 +0000

Tom, a bit late but better than never…

We used to live down the st from McCarren park on lorimer, across from Pete’s Candy Store. Easily 1000sq ft. Rent started at $1260 in ’96. Last years rent, in ’03, was aprox $1750 and was going up to at least 2k for ’04, when we bought in the wick. So say it keeps raising aprox 10% a year it could easily be 2500 now, or even more if they rented to an entirely new person recently.

Long and short, it’s probably not apples to apples but $1800 for a loft that far out, no matter how nice, seemed a bit agressive. But what do I know. I just pay my mortgage and gladly so since it’s cheaper than my rent from years ago :)

By: alex

alex — Mon, 30 Jul 2007 20:54:00 +0000

if only that house is still available in two months when i’d actually be able to do something about it.
dammit!

By: EJCohen

EJCohen — Mon, 30 Jul 2007 18:02:41 +0000

Jill:

My building is right on Broadway near the Myrtle Ave subway stop. Yes, the train is right out front but my apt. faces away from it so noise isn’t a problem. When I first checked out the apartment (while I was still apartment hunting) the floors were mere wood boards and the manager said they were willing to replace them with hardwood floors. And they did before I moved in. Now, the apartment is lacking in other things — updated kitchen appliances like a new oven and fridge — but the building’s manager has been adding the wood floors to entice new tenants. I wasn’t the only one to move into my building during the same week, so I have the impression the management company was looking for a specific kind of tenant to fill it up. The hard wood floors would’ve been a part of that enticement.

By: Tom

Tom — Sat, 28 Jul 2007 15:08:33 +0000

Matt you might be a little off base. The burg is very expensive now. I’m not clear what your rent was originally before jumping up to 2K/mo. If you had a loft for say $1500 for those 3 years thats not bad. Also what was the square foots, and other amenities (near transportation, stores, etc.). 1,000 sf feet is a lot of room. Some people call lofts with only 600 sf. I’d be curious to hear what other readers think too far out is.

By: SueLynn

SueLynn — Sat, 28 Jul 2007 01:52:03 +0000

Has anyone seen any apts. listed here and if so are they for real, or is this a lot of false advertising.

By: Jill

Jill — Fri, 27 Jul 2007 22:48:57 +0000

EJ – sounds like they were desperate to rent the place to you if they changed the floors. new hardwood floors for that size costs about $7,000 if done by a professional.

is your building a walk up, and close to train, quiet area? that area is a stroll from woodhull and can be conjestion without much gentrification.

By: EJCohen

EJCohen — Fri, 27 Jul 2007 20:26:25 +0000

Hmmm… my apartment is approx. 800 sq. feet. It’s one of those “loft” apartments. And I’m paying considerably less than $1800 and I moved to an arguably more desirable location on Broadway (near the Myrtle JMZ stop) within this year. I’d be curious to see how they’d justify that much rent for an apartment in that area. Is it renovation costs? Hell, they installed fresh hardwood floors for me at no extra cost (the original floors in my space were like huge, wooden boards painted in this horrendous grey). I’d be curious to see what the building’s like, too.

By: JimmyLegs

JimmyLegs — Fri, 27 Jul 2007 16:22:30 +0000

#5 is on a LOUD block. i dunno what the deal is, but it appears that every single person who lives there is hard of hearing and quick to anger. And somebody over there has a radio playing classic rock/grunge-lite music really loud, which i just find totally baffling.

By: Matt

Matt — Fri, 27 Jul 2007 16:21:28 +0000

I know I’m completely out of it, having been off the renter market for a few years, but is that loft ‘really’ worth $1800???

One of the reasons we moved from our burg loft to bushwick was because our rent would be going up to around 2k. Granted this is three years ago so it could potentially be what, 2500 now, but it was in a prime w’burg locale.

THis place looks decent, but being that far out and having to potentially ruin it by cutting in bedrooms for a roommate situation does not seem worth it. correct me if I’m horribly off base :)