It's easier to rent a place with 2 roommates, then 3 - usually 2 tenants would be friends, and the 3rd one "extra" - and "extras" don't stay long, which is not good for others who'd need to carry the load for the 3rd person...
Beachfront Realty, Inc.
CDPE - Certified Distressed Property Expert
I did some digging around for you and found this Brooklyn Rental Market Report, it's not from my firm, but if you need some help leasing those units please contact us. It shows the market trends from rental rates to unit demand that you'll need to make an informed decision about how best to develop your property. I do hope this helps and best of luck!
I would probably do an MLS comp to see what's renting. Only property managers in your area will really know. Probably worth calling one.
In 11238, our experience shows that two-bedroom residences with private bedrooms rent much faster than 3BR's with one bath (our inventory in the area is now, and has been over the years, very extensive).
The former is a layout that would appeal to both a young family, and roommates (the two comprising the majority of the rental client in the area). A 3BR without an additional (at least 1/2) bath tends to sit on the market for at least an additional two weeks - oftentimes leading to a vacancy that extends past the move-in date that the landlord would have preferred.
I hope this helps!
Aleksandra from Ideal Properties Group
It all depends on which part of Brooklyn you are in and who is renting in the area. You need to do a demographic study and see who is coming in to rent based on income and family size (on average) and then make a determination.
If you want you can contact me and I would be glad to help you out, I have been selling homes in Brooklyn for 20 years and I am intimately familiar with the entire borough.
Either way, good luck!
Mitchell S. Feldman
Associate Broker/ Director of Sales
Madison Estates & Properties, Inc.
Office: (718) 645-1665/ Cell: (917) 805-0783
the house is in prospect heights brooklyn. It is a three apartment house that I am looking to renovate. i was thinking of making each floor two self contained bedrooms with living and kitchen, instead of three bedrooms with only one bath on each floor
Thanks for posting on Trulia. There are two things I would look at in changing the layout of rental property? 1). What is the make up of the neighborhood? Is it mostly families? Is it mostly singles? Also, what configuration is in the highest demand for your neighborhood? 2). I would look at the economics of vacancy. More units means less likelihood of a vacancy. You mitigate vacancy risk by having more units. These are off the top of my head, but I would need more information about where the property is located to give you a more accurate answer.
I hope this helps!
Prudential Douglas Elliman
1996 Broadway, 4th Floor
New York, NY 10023