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07-20-2008, 09:32 PM
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Junior Member
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Join Date: May 2008
Reputation: 10
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Is this a good deal for Bay Ridge?
I have the option of taking over the lease from my current roommate when his lease is up here - it's a big one bedroom apartment, full kitchen and bath, nice wood floors, prewar building, nice molding, quiet, decent neighbors, rent-stabilized, super in building, close to everything, off 3rd Avenue on 74th Street. The rent is higher than I want to pay, but others have told me it's a good price - $1,115. The good thing about staying here is, no broker fee, and no moving fee. I like Bay Ridge a lot. Is this a good deal?
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07-20-2008, 09:40 PM
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Senior Member
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Join Date: Jan 2007
163 posts, read 116,700 times
Reputation: 36
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That is a vey good rent. I think markey price would be about $1,700.
Bay Ridge is a great neighborhoood.
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07-20-2008, 11:06 PM
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Senior Member
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Join Date: Mar 2008
2,745 posts, read 1,299,276 times
Reputation: 358
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Quote:
Originally Posted by julia_z
I have the option of taking over the lease from my current roommate when his lease is up here - it's a big one bedroom apartment, full kitchen and bath, nice wood floors, prewar building, nice molding, quiet, decent neighbors, rent-stabilized, super in building, close to everything, off 3rd Avenue on 74th Street. The rent is higher than I want to pay, but others have told me it's a good price - $1,115. The good thing about staying here is, no broker fee, and no moving fee. I like Bay Ridge a lot. Is this a good deal?
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It is a great price...
I used to pay 1200 for a 1 bedroom 3 years ago... |
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07-20-2008, 11:34 PM
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Senior Member
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Join Date: Jun 2007
2,090 posts, read 1,942,628 times
Reputation: 336
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Is that the price your roommate currently pays? Are you on the lease now or does taking over the lease mean you will sign a new one? If you are not currently on the lease but wil be getting a new one with your name on it, you will most likely have to pay an 18% increase in the monthly rent. Rent stabilzation allows for this- it's called something like a vacancy increase. I'm sure there's more about it if you google nyc tenant laws.
Did you already factor that in?
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