Real Estate

Real Estate Roundup: Marked Down Deals

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Hot on the heels of a mayoral election, we found ourselves thinking of the “the rent is too damn high.” While we here at BKLYNER do our best to find the finest deals in the county of Kings, it seems nothing can shape markets like plain ol’ supply and demand (pursuant to incentives, etc.) Fortunately, it seems as though rents might be starting to tick downward thanks to the flood of new housing that has, in part, reshaped the skyline of Brooklyn and its denizens.

Rents have continued their downward trend of the last six months, per October’s Douglas Elliman report. This is in keeping with the trend BKLYNER reported on back in March. 

A (glass and steel and) concrete example of this – the new towers along Flatbush Avenue were not quick to occupy their surfeit of stock. Meanwhile, talk of Kensington’s prices required a downward adjustment.

Finally, Curbed reports that the city’s supply will continue to grow into 2018. What does all of this mean? That there is a renter’s market. Take advantage of some of these marked down deals.

86 Court Street #3

(Courtesy StreetEasy/Ralph Tiseo, LREB)

This Brooklyn Heights one bedroom has seen its price dip from $2,499 down to just $2,099 a month during its time on the market. Now is the time to strike.

With an additional space suited to be an office or a walk-in closet, this roomy pad on the cusp of Downtown Brooklyn and Brooklyn Heights offers incredible transit access as well as nearby amenities like Trader Joe’s. Contact Ralph Tiseo, LREB for more on this bargain.

307 12th Street #8

(Courtesy StreetEasy/Jay Lax of HFF Realty LLC)

The price on this two bedroom in Park Slope is a mere $2,000 per month (down from 2,300 back in early September) and a bargain. The listing mentions ample closet space and the location is hard to beat. Contact Jay Lax of HFF Realty LLC for the details on this steal.

72 Clermont Avenue #1

(Courtesy StreetEasy/Sharon Jones of Adams David J, LREB)

This first floor one bedroom in Fort Greene comes replete with a massive outdoor space and costs a relative pittance. After starting at $2,200 on October 15, the price has tumbled to $1,850 per month. This roomy flat comes with a king-sized bedroom and plenty of closet space. Contact Sharon Jones for the details.

1155 Ocean Avenue #2K

(Courtesy StreetEasy/Steven Plac of City Roots Realty)

Ditmas Park is home to this outstanding deal. This renovated one bedroom has been marked down from $1,950 to $1,850 per month. The building has a live-in super and a laundry room. If that catches your fancy, be sure to get in touch with Steven Plac of City Roots Realty.

Do you have a great place available for rent or sale, or are a broker representing a property you want to be included, fill out our real estate form here. Listings must be received by 6pm on Wednesday for inclusion. For more information, email our Director of Sales and Marketing Dina Rabiner at [email protected].

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