I believe I can assist you with your question. I am a life time Crown Heightser myself!
Born on Carroll Street and live currently on Union Street. My office is on Albany and Eastern Pkwy.
I agree with you about taking offensive to the "socially acceptability" of our neighborhood. That said, Crown Hts is a beautiful example of a Brownstone Brooklyn neighborhood. We are located near Prospect Park, the Museums, Eastern Pkwy and a very short ride to the city. It took a number of years but Crown Heights is now officially on the "map" of where to live in Brooklyn today.( I only wondered what took everyone so long! )
This is a reality that does not seem to be going away soon.
Major investments are being made here. The new buyers are investing in their properties and raising the rents accordingly.
When checking comparable rents in Crown Hts or other typical Brooklyn areas, you would go by apartment size vs sq footage to get an idea of what an apartment like yours would go for.
You say you live well east of Franklin Ave. Closer to Utica? If yes, the new rents in the area for at least a somewhat renovated apartment is as follows:
Studios - $1100 - $1300
One beds $1250- $1550
Two beds - $1450 - $1900 or more
Three beds $1900 - $2500 or more
The closer you live to North and West in CH the more expensive the rents.
If you live in a rent stabilized apartment you should be okay. Good luck
As you are aware there are and will continue to be "waves of gentrification" although I think "gentrification" is actually the wrong word when it comes to Crown heights, more economic upswing or social acceptability which of course brings more people and demand that increases prices. That said instead of renting and watching it going up & up, buy into it! Make an investment before you get priced out!
I know yaddi yaddi "I can't afford it" nonsense if you can afford a market rent, you can afford to buy an apartment...I know "I don't want to buy just an apartment..." It is the best way to building a down payment to buying house...."I don't want to buy in New York..." If you buy in New York while you live and work here, when it is your time to leave you can leave with money in your pocket instead of just your suite cases!
Stop whining about rent increases and take the bull by the horns and buy an apartment!
Kathryn Lilly, Broker
Realty on the Greene, LLC
My advise would be to get an appraiser to come by and check out the building. Find out the value of the rowhouse then divide it by the number of apartments in the building. That will give you ballpark figure of the value of the unit your living in.
As was mentioned the price per square foot in Brooklyn does vary, however recent studies show $402 dollars per sq foot.
If you still have the receipts from the expenses you incurred doing the improvements it could work in you favor when renegotiating rent price being raised.
Hope this helps.