Author Topic: Would anyone be interested in renting a 2/2 for $750 in Brooklyn??  (Read 2915 times)

ProjectMaximus

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I've got a duplex that I plan on fixing up into two 2/2 units on the "gritty side" of Park St in Brooklyn. Just trying to gauge whether there is interest yet in that area for anyone on this site, or anyone else you may know. Short walk to the retail and offices in Brooklyn for a cheap price, as long as you don't mind being surrounded by derelict houses and empty lots...


acme54321

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Re: Would anyone be interested in renting a 2/2 for $750 in Brooklyn??
« Reply #1 on: January 03, 2017, 08:28:01 AM »
But you make it sound so attractive  ;D 

thelakelander

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Re: Would anyone be interested in renting a 2/2 for $750 in Brooklyn??
« Reply #2 on: January 03, 2017, 09:47:28 AM »
Lol, what's the address? That area isn't scary for urban pioneers or people who aren't afraid of living in a minority dominated neighborhood. If anything, it's largely abandoned with a ton of potential. If you fix your property up, I'm sure you won't have any problems getting it rented. My dad owns several properties in similar neighborhoods in Central Florida. They stay full.
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Captain Zissou

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Re: Would anyone be interested in renting a 2/2 for $750 in Brooklyn??
« Reply #3 on: January 03, 2017, 10:03:03 AM »
I've got a duplex that I plan on fixing up into two 2/2 units on the "gritty side" of Park St in Brooklyn. Just trying to gauge whether there is interest yet in that area for anyone on this site, or anyone else you may know. Short walk to the retail and offices in Brooklyn for a cheap price, as long as you don't mind being surrounded by derelict houses and empty lots...
That area is so small that 2 or 3 projects like this can really change the perception of that side of park street.  I may not be interested in living there, but I'd be down to invest in a future project.

ProjectMaximus

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Re: Would anyone be interested in renting a 2/2 for $750 in Brooklyn??
« Reply #4 on: January 03, 2017, 01:35:54 PM »
But you make it sound so attractive  ;D 

I just keep it real.

Lol, what's the address? That area isn't scary for urban pioneers or people who aren't afraid of living in a minority dominated neighborhood. If anything, it's largely abandoned with a ton of potential. If you fix your property up, I'm sure you won't have any problems getting it rented. My dad owns several properties in similar neighborhoods in Central Florida. They stay full.

I agree. Felt that way even for the past three years, but the main issue is deciding what quality to fix it up. I'm always wanting to make a place the nicest possible that the market will bear. So three years ago I could have just rehabbed it to make it livable to rent for $500, but I've been wanting to remodel with nice finishes for ~$750 or so and I'm wondering if now is the time. It probably will never make sense to rebuild to multistory with a rooftop deck which is what I'd ideally want to do haha...

That area is so small that 2 or 3 projects like this can really change the perception of that side of park street.

Yes agreed.

Kerry

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Re: Would anyone be interested in renting a 2/2 for $750 in Brooklyn??
« Reply #5 on: January 04, 2017, 09:45:50 AM »
I've got a duplex that I plan on fixing up into two 2/2 units on the "gritty side" of Park St in Brooklyn. Just trying to gauge whether there is interest yet in that area for anyone on this site, or anyone else you may know. Short walk to the retail and offices in Brooklyn for a cheap price, as long as you don't mind being surrounded by derelict houses and empty lots...
That area is so small that 2 or 3 projects like this can really change the perception of that side of park street.  I may not be interested in living there, but I'd be down to invest in a future project.

I'll keep this post in mind.  I have been toying with the idea of buying one of those blocks west of Park St and building row houses (and maybe live/work units depending on the street), but won't be in a financial position to do so until 4th quarter of 2017.
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Re: Would anyone be interested in renting a 2/2 for $750 in Brooklyn??
« Reply #6 on: April 24, 2018, 12:55:50 PM »
I've got a duplex that I plan on fixing up into two 2/2 units on the "gritty side" of Park St in Brooklyn. Just trying to gauge whether there is interest yet in that area for anyone on this site, or anyone else you may know. Short walk to the retail and offices in Brooklyn for a cheap price, as long as you don't mind being surrounded by derelict houses and empty lots...
That area is so small that 2 or 3 projects like this can really change the perception of that side of park street.  I may not be interested in living there, but I'd be down to invest in a future project.

I'll keep this post in mind.  I have been toying with the idea of buying one of those blocks west of Park St and building row houses (and maybe live/work units depending on the street), but won't be in a financial position to do so until 4th quarter of 2017.
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MusicMan

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Re: Would anyone be interested in renting a 2/2 for $750 in Brooklyn??
« Reply #7 on: April 24, 2018, 01:03:50 PM »
"If you build it, they will come...."

jax_hwy_engineer

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Re: Would anyone be interested in renting a 2/2 for $750 in Brooklyn??
« Reply #8 on: April 24, 2018, 03:57:00 PM »
I'd rent that in a heartbeat. I was on the lookout for listings in that area when I was contemplating buying for exactly this reason. If I could find a rental for that price anywhere near Riverside or San Marco I'd jump on it in a heartbeat. Well, once May/June hits, THEN I'd jump on it.