Home Buying in Cobble Hill>Question Details

Danny Kovacs, Home Buyer in Brooklyn, NY

What is the per square footage rental price in the Columbia St. Waterfront - or what should I expect to pay for a 2 br 1ba nonlux apt?

Asked by Danny Kovacs, Brooklyn, NY Sat Nov 9, 2013

Help the community by answering this question:


Keep in mind that square footage costs do vary, and don't account for exact location and other considerations; therefore, it's really in your best interest to also review closed recently sold similar properties in the immediate area, and their final sales price...
1 vote Thank Flag Link Sat Nov 9, 2013
The Columbia St waterfront has everything from Government subsidized condo's/townhouses to very high end luxury and a few in between.
Of the lower priced ones that were built with a government subsidy. (The low rise red brick walk ups) It also varies based on what upgrades individual owners have made and where they are positioned within the group.
The older un-renovated apartments, owned by the few long time owners that are still holding on are not cheap either; they are considered retro/vintage.
But generally to ask about price per square foot is deceiving in these neighborhoods, without asking about quality per square foot and cubic square feet, for extra high ceilings or extremely low ceilings on the lower end etc. Plus the fact that there are very few apartments available anyway.
If you are a perspective tenant, ask the local brokers what there is available. If you are a perspective buyer wanting to know rental values, again ask a local broker specifically about the building you are considering. If you are an owner wanting to know how much your apartment is worth, invite three local brokers to come and see and listen to their opinions.
Local neighborhood Brokers are the best source for such information.
Sorry to not give you a number, but your question is too vague. In that particular neighborhood you will see an apartment advertised as a 2BR but as it is a railroad, is that really a 2BR by todays standards?
Kathryn Lilly, Broker
Realty on the Greene, LLC
0 votes Thank Flag Link Sat Nov 9, 2013
Thank you,
Your response is very thorough.
I'm an owner of one of those red brick gov't subsidized walk ups. I'm trying to keep an eye on current market rental and sales prices.
Flag Sat Nov 9, 2013
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