Rent Check: Current 4 Most Expensive in Dumbo
November 5th, 2008
Rent check is a scan of some current rentals in Dumbo. Today’s post looks at the four most expensive rentals on the market in Dumbo. Based on a few anecdotal conversations with local real estate brokers, the market for rentals continues to be strong in Dumbo, while listings for sales have gone down “slightly” in the past few months. Take it for what it is, but according to Streeteasy.com, the current median rental in Dumbo is $4000 (median size is 1,100 sq.ft). There is a $9800 per month rental (2 bedroom + home office, 2,209 sq.ft.) at 30 Main that went into contract yesterday after only one month on the market. The current 4 most expensive rentals:
- $14,750: 1 Main Street (B Unit). 3 bed, 3 bath, 2,592 sqft. We featured this rental back in July at $16,000 per month. It’s been on the market for 273 days. [Sotheby's]
- $11,500: 30 Main Street. 2 bed, 2.5 bath, 1,887 sq.ft. [Elliman]
- $8,000: 70 Washington Street, K line. 2 bed, 2 bath, 1,569 sq.ft., furnished. (Photo above)[Elliman]
- $8,000: 100 Jay Street. 3 bed, 2 bath, 1,772 sq.ft., with 1,199 sq.ft. private terrace. [Prestigious International]
7 Responses to “Rent Check: Current 4 Most Expensive in Dumbo”
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November 5th, 2008 at 7:50 pm Rate:
Im no real estate broker, but you would think someone who wanted to rent an 8k a month apartment would figure out how to photograph it, given the view from the deck in that apartment.
November 6th, 2008 at 12:56 pm Rate:
It amazes me that people would rent at those price when a mortgage would be cheaper.
November 6th, 2008 at 4:09 pm Rate:
@Castillo:
Why would it amaze you?
If you buy today, chances are you aren’t looking at any appreciable gain in value for years. You might even lose money, particularly if you aren’t interested in staying in NYC for years.
Better to be liquid and put your money where you can make money.
Renting can make sense.
November 6th, 2008 at 6:21 pm Rate:
These are bargains compared to Manhattan’s mst expensive rentals. There’s a list of the 20 most expensive rentals that just came out today:
http://cityfile.com/dailyfile/2873
1. 502 Park Avenue (Trump Park Avenue)
Bedrooms: 4
Baths: 6
Square feet: 6,200
Price: $200,000 a month
20. 721 Fifth Avenue, Trump Tower
Bedrooms: 4
Bathrooms: 4
Square feet: 3,065
Price: $33,333 a month
November 7th, 2008 at 9:01 am Rate:
stop biting - i’d love to see you make these numbers work. someone renting at these prices is not concerned with the negative delta b/c it’s insignificant to that person. rent = 100% loss w/o any tax benefits.
November 10th, 2008 at 1:27 pm Rate:
Being able to move at the drop of a hat =
priceless.
November 11th, 2008 at 9:15 pm Rate:
273 days? Sotheby’s…where Dumbo listings go to die.