Dumbo NYC

Notes from the DUMBO, Brooklyn NY neighborhood


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:

  1. $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]
  2. $11,500: 30 Main Street. 2 bed, 2.5 bath, 1,887 sq.ft. [Elliman]
  3. $8,000: 70 Washington Street, K line. 2 bed, 2 bath, 1,569 sq.ft., furnished. (Photo above)[Elliman]
  4. $8,000: 100 Jay Street. 3 bed, 2 bath, 1,772 sq.ft., with 1,199 sq.ft. private terrace. [Prestigious International]
Filed in Real Estate at 3:21 pm
Comments
  • Yahweh or the Highway
    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.
  • It amazes me that people would rent at those price when a mortgage would be cheaper.
  • stop biting my handle...
    @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.
  • anon
    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
  • BrooklynLove
    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.
  • stop biting my handle...
    Being able to move at the drop of a hat =
    priceless.
  • streeteasy
    273 days? Sotheby's...where Dumbo listings go to die.
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