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Rossie7, Other/Just Looking in Dyker Heights, Brook...

how much rent for a basement?

Asked by Rossie7, Dyker Heights, Brooklyn, NY Fri Feb 19, 2010

how much should be asked in renting a basement?

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7
Avoid apartments that have rooms without windows or very small windows. These are often found in illegal cellar or basement apartments. Landlords will sometimes describe the ones with very small windows as “sunny” to entice renters. In November 2009, a fire in an illegal basement residence killed three men in Woodside, Queens after firefighters had to cut through window bars to reach the victims. To find out if your apartment is illegal you can go to the Department of Buildings. They have an office in each borough of New York City.
Web Reference: http://www.clovelake.com
0 votes Thank Flag Link Fri Dec 17, 2010
First make sure that the basement is a legal dwelling before trying to rent it. If it is, in my experience in apartment rentals I recommend for a one bedroom $1,000 and for a two bedroom basement $1200 to $1400.
0 votes Thank Flag Link Thu Dec 16, 2010
Before you consider renting the basement check your local codes to make sure a permit will be issued.
0 votes Thank Flag Link Sun Feb 21, 2010
Be careful renting the basement there are so many things that can go wrong. From the building department to the fact that if you have a two family the other tenants can refuse to pay rent due to the fact you have an illegal basement rental. That being said .I would look on craigslist to see what the others are going for.
0 votes Thank Flag Link Sun Feb 21, 2010
The location of any real estate is important. If you're not sure go on Craigslist to search the rentals for your area.

Rhonda Holt
Full Time Top Sales Agent
Specializing In Co-ops and Home Sales
Weichert Realtors, H.P Greenfield
1712 Utica Avenue,
Brooklyn, New York
Cell: 646-725-5941
My Site: http://www.RhondaHolt.com
Email: HelpMeRhonda1919@Yahoo.com
*JOIN ME ON TWITTER.COM AT: http://www.twitter.com/helpmerhonda09
Web Reference: http://www.craigslist.com
0 votes Thank Flag Link Sat Feb 20, 2010
Dear Rossie7:

It is impossible to answer that question without knowing three important factors: 1) What is the location of the property? 2) What is the square footage ofd the apartment? and 3) Is it a LEGAL apartment?

If it is not a legal apartment then it is not supposed to be rented in the first place, that would be breaking the law. If you were to post more details I can give you a more specific answer. If you like, feel free to contact me and we can discuss it further.

Sincerely,
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665
Cellular: (917) 805-0783
Email: MitchellSFeldman@aol.com
0 votes Thank Flag Link Sat Feb 20, 2010
Rossie,

FIrst, are you in a legal two family or is the usage code for your property (i.e., 2 or 3 family) indicated for a legal two or three family?

If it's not legal you would not be able to go to housing court - you would need to use civil court if there were ever a case against your tenant.

Once we know you can legally rent your basement, your best source would be to search online and in pennysavers to see what other owners are asking for rent for a basement apartment. Also, some real estate firms have specific rental departments and they may be another source of information.

Good luck!

Best regards,

Bonnie Chernin & David Rogoff
Coldwell Banker Mid Plaza Real Estate
e-mail: david@BestHomesInBrooklyn.com
Twitter: http://www.Twitter.com/BrooklynRealtor
0 votes Thank Flag Link Fri Feb 19, 2010
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