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Overpriced. Is your building a a co-op by any chance? Co-op buildings carry higher fixed costs so they try to make it up on the renters.
There are sizable rental price disparities between different management companies and the highest prices aren't always in the best buildings.
I'm familiar with the management company that runs the buildings below. They're very nice buildings. Better than many of the co-ops run by MAXX. Broker's listing is $1750 which means you can definitely get it for $1700 or even $1650 if you go directly to the property manager. The thing is they're not easy to find if you don't want to put in a little work to look.
Yes,my building is a co op. The only apartments that get rented out are one's that are still held by the sponsor. While the rents are maybe a bit higher than the "rental" buildings in the neighborhood it's not by much. I know people in a lot of buildings in the neighborhood so I see what goes on. The differences between the rents in my building and surrounding one's is only about $50 or $100/mo.Sponsor still has to compete in the local market. They would never get away with a big price differential because people are not stupid.
What do you mean by "co ops carry a higher fixed cost so they try to make it up" ? The maintenance on all of the apartments in my building are quite low…. mine, on a huge 950 sq ft 1 br is a little over 600/mo…that IS the fixed cost. It would easily rent tomorrow for $1,600.
Also,there are now lots of buildings over here that are being gut renovated and the rents are even higher and they are renting like hot cakes directly from management.
Those are all inflated prices posted by brokers to catch the fools.
2 bedrooms, even in nice buildings in Beford Park, should go for $1600-1700 max.
Go straight to the management agencies and reduce your rent by $200+ off of brokers listings.
Most buildings in the Bronx are run by management agencies located in Westchester and unlike Brooklyn or Manhattan, they are very open to dealing directly with prospective renters.
This is probably the nicest building in Bedford Park and this is a brokers listing @ $1800.
The Lisbon is a very nice building but the apartments are small. The 2 br apartments are only around 750 sq ft st.
In my building that is the size of a small 1 br…they range from 750 to 950 sq ft.
So, the $1800 /mo rent doesn't sound like such a great deal on a sq ft basis. Brokers, managers all of them should be forced to advertise apartments on a sq ft basis and stop calling 1 br's with a dining alcove 2 br's or reconfiguring 1 br's into 2 tiny bedrooms,etc.
Overpriced. Is your building a a co-op by any chance? Co-op buildings carry higher fixed costs so they try to make it up on the renters.
Can you clarify what you mean by overpriced? I understand what the word means, however, when it comes to real estate and rentals, it would seem that if apartments in Bluedog's building are routinely being rented out for the amount that he quoted, then that means that amount is market rent (priced at what the market will bear). I don't see how something can be overpriced AND market rent at the same time.
However, at the same time, if the apartments in the original post are NOT being rented out routinely at these types of prices and are only priced that way with the intention of ensnaring the few potentially naive renters, then I could see how those could be classified as overpriced.
Not sure about that except maybe the odd,out of the way situation.Small( 700 sq ft) 1 br's are $1,600 or $1650 in my building…studios are $1300….real 2 br,2 baths are like $2,200.
I found plenty on Zillow
Quote:
Originally Posted by livingsinglenyc
Where?
University Heights, Kingsbridge, Soundview, and others had apartments for 1100-1150 on Zillow
Some of the 'Cheaper' apartments with no photos and not much information are usually fake and when you contact this contact person they try to usually tell you that this one particular place has already been rented and then they try to show you some expensive ones in the same building or elsewhere. This tend to happen a lot in Hot Real Estate market like New York.
Some of the 'Cheaper' apartments with no photos and not much information are usually fake and when you contact this contact person they try to usually tell you that this one particular place has already been rented and then they try to show you some expensive ones in the same building or elsewhere. This tend to happen a lot in Hot Real Estate market like New York.
You could be right, but I've seen similarly priced ones with photos.
And when you think about it, $1100 per month isn't cheap at all to live in the Bronx
"Deposit and fees $3,587" …. to live on Andrews Ave!?! God no.
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Some of the 'Cheaper' apartments with no photos and not much information are usually fake and when you contact this contact person they try to usually tell you that this one particular place has already been rented and then they try to show you some expensive ones in the same building or elsewhere. This tend to happen a lot in Hot Real Estate market like New York. 
