Home Buying in 11021>Question Details

Gary, Home Buyer in Garden City, NY

How is the rental market for 1 or 2 bedroom condo in Great Neck?

Asked by Gary, Garden City, NY Wed Oct 23, 2013

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4
You can check http://www.mlsli.com for available rentals, or consider working with an agent of your own.
1 vote Thank Flag Link Wed Oct 23, 2013
its less expensive then in the city
0 votes Thank Flag Link Wed Dec 18, 2013
Great Neck has a very active rental market. The lowest rented 1 br apt in a building went for $1,500 the lowest 2 br in a building went for $1,650. The highest 2 br rental went for $6,095 and the highest 1 br rental went for $3,500. As you can see there is a lot of room in the middle. I would suggest you get an agent in to give you a lisitng range for your rental. If you list it at a proper price it should rent fairly quickly. The average days on market for 1 and 2 bedroom units this year has been 42 days.

Tom Brady SFR, e-PRO, SRES, BPOR
Licensed Associate Broker
Notary Public, Retired N.Y.P.D. Lt.
631-682-8660
Tom@BradyFamilyRealty.com
http://www.BradyFamilyRealty.com
http://www.SuffolkFreeCMA.com
http://www.NassauFreeCMA.com
#1 Listing & Selling Office on Long Island
Charles Rutenberg Realty, Inc.
255 Executive Drive - Suite 208
Plainview, New York 11803
0 votes Thank Flag Link Wed Oct 23, 2013
Gary,

COOP is not for investment. Most Condo can be rented out. But you still need to check. Yes, we do offer property management service.
Flag Tue Oct 29, 2013
Tom, Thanks for your quick reponse. What is the gross return rate (annual rent/price of condo) for 1 and 2 bedroom condo in GN? Do you offer the property management service? How about the co-op rental market?
Flag Wed Oct 23, 2013
Rentals go as fast as we get them - some sight unseen. Prices are strong and the market is tight.
Our Great Neck Office houses the Douglas Eliman Long Island Rental Division with 4 full time dedicated rental agents working primarily on the North Shore. . .

PATRICIA ERKER
LICENSED ASSOCIATE REAL ESTATE BROKER
DOUGLAS ELLIMAN REAL ESTATE
CRS - Certified Residential Specialist, SRES - Seniors Real Estate Specialist
GRI - Graduate, REALTOR Institute CBR - Certified Buyer Representative
Working with ELINORE WEST - to be the SOURCE for all of your Real Estate Needs
DIRECT: 516.498.2139
OFFICE: 516.466.2100
MOBILE: 516.946.3122
FAX: 516.466.7473
Patricia.Erker@elliman.com
11 BOND STREET, GREAT NECK, NY, 11021
NOTARY Public
VIEW MY LISTINGS
0 votes Thank Flag Link Wed Oct 23, 2013
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