Asked by Patricia M, Flushing, NY • Tue Jan 24, 2012
My apartment is a huge 1 BR (822 sq.feet), with lots of windows and 5 closets, hardwood floors. The bathroom is moderate condition/style- remodeled less than 7 yrs ago. We completely remodeled the kitchen <1.5yr ago, (appliances are a few years old but work great & coordinate well). Apartment will be freshly painted prior to new tenant.
It's located on the 3rd floor of 7 in an elevator co-op building on a quiet tree-lined street. Laundry in building. 1.5blocks to bus (a 7min ride to E or F), 3 blocks from express subway. 2 blocks from stores, 3 from grocery.
I have tenants until mid-June (they will have been there for 21 months by then). We gave them a good deal to get someone in place quickly, charging $1225 for the 1st 12mos, $1275 for the 9mo. renewal. We are looking to rent it out closer to fair market value this time.
What do you think is a fair rent?
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