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Re: Rental Prices out of control - DTJC
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If you want a cheap new place downtown, don't worry, they are starting to come onto the market. Check out Mill Rocks on Newark Ave at 5th Street and even better, Element Flats at 532 Jersey Ave. The latter has studios starting at $1600/month, which is the lowest price I've seen for a new apartment downtown since 2007.

Here are the links:
http://millrocks-jerseycity.com/

http://elementflats.com/

Posted on: 2016/8/31 3:12
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Re: Rental Prices out of control - DTJC
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Does it have to be Downtown ? The next best thing is the Heights from Tonnelle to Ogden you'll really have quite the bargin.

Posted on: 2016/8/31 2:34
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Re: Rental Prices out of control - DTJC
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Quote:

brewster wrote:
Quote:

Voyeur wrote:
to rent a place in Pleasantville DTJC today, you're going to need to stump up the first month, perhaps the last month, one month's security, and then another month for the broker fee.


It's illegal in NJ to charge deposits of more than 1.5 months rent, for any reason. You can't get around it by calling it last months, or pet deposit, or whatever.
if I really wanted an apartment and had bad credit, I would gladly prepay the last month's rent.

Has anyone been charged $50 extra per dog or $25 per cat?

Posted on: 2016/8/31 1:47
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Re: Rental Prices out of control - DTJC
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Saw that place, thanks. That's a great score for somebody.

I'm pretty dug in here on Erie. I've got about 700sq for $1700. It would take a slam dunk for me to move, but I was hoping to get into a 2BR this year, due to the young master learning to walk this week.
Unfortunately very few units listed as 2BR's actually are. They're 1BR/500-600sq units with a wall put up that divides what should be the bedroom and living room and they're calling them 2BRs.
Better off staying put an avoiding the mental/wallet anguish of moving.

That's VV spot is sweet though. I'm passing that along. There's also a place on Jersey right now that looks great and is priced right, going for I think it was 1850 for a large 1BR.


Also, if there's any discouraged parties out there looking for a place reading this thread, the deal is out there. Just keep at it. I've never paid a broker's fee in my life and never will. Hit the streets. Ask the old timers who's got a place for sale. A lot of the people you see sitting on stoops watching the world go by are secret millionaires who own dozens of rentals in town.
That's how I nabbed this place I'm in now.

Posted on: 2016/8/30 15:46
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Re: Rental Prices out of control - DTJC
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Quote:

Voyeur wrote:
to rent a place in Pleasantville DTJC today, you're going to need to stump up the first month, perhaps the last month, one month's security, and then another month for the broker fee.


It's illegal in NJ to charge deposits of more than 1.5 months rent, for any reason. You can't get around it by calling it last months, or pet deposit, or whatever.

Posted on: 2016/8/30 15:44
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Re: Rental Prices out of control - DTJC
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Quote:

EasyGibson wrote:
Attempted to move this year.

Was really hoping I would be able to snag ~800sqft for ~$2000. Lol, no.

If anybody needs me, I will be at 1st and Erie.... forever.


Here you go.

Posted on: 2016/8/30 15:35
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Re: Rental Prices out of control - DTJC
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http://fivethirtyeight.com/features/n ... minute-off-their-commute/

Aug 29, 2016 at 4:31 PM
New Yorkers Will Pay $56 A Month To Trim A Minute Off Their Commute


Fascinating quantitative perspective of rents and proximity to commute.

Posted on: 2016/8/30 15:28
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Re: Rental Prices out of control - DTJC
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ninagski wrote:
Rental prices in DT are rivaling Brooklyn, it's out of control. $2000+ for a studio?!? Get over yourself, JC.

http://ny.curbed.com/2016/7/5/1209874 ... e-midtown-east-comparison

What amazes me is that people continue to treat Jersey City as something separate and apart from NYC, as opposed to a neighborhood that's part of the NYC metro area. This link - what $2,000 gets you in NYC - goes back to July, but illustrates my point - $2,000 in NYC will get you, for the most part, an apartment that's much further out and less convenient to prime Manhattan (work, culture, shopping, nightlife) and a lot less amenities than DTJC. Of course housing prices are going to rival, if not surpass at some point, prices in prime NYC neighborhoods! Location, market forces, etc., work here just as they do in every other highly desirable urban area.

Posted on: 2016/8/30 15:07
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Re: Rental Prices out of control - DTJC
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If having to pay a broker fee is going to preclude someone from renting a place, they're delusional about the state of the rental market in the Greater New York area.

These brokers are unavoidable unless you're fortunate enough to rent directly from the landlord. Getting angry about it won't change the fact that to rent a place in Pleasantville DTJC today, you're going to need to stump up the first month, perhaps the last month, one month's security, and then another month for the broker fee. If it's a $2,000 rental, that's $8,000 right off the bat, even before moving expenses.

That's the cost to move to an apartment in DTJC today. That you and I don't like it doesn't stop it from being a fact.

Also, the OP's comparison of DTJC to whitewashed Brooklyn was specious in the first instance. Looking at Trulia (again) finds just 20 apartments for under $2,000 west of Prospect Park, most of which look very small and pretty disgusting.

Say what you want about rental costs in DTJC, even at today's prices it is still significantly less expensive to rent here than it is in the decent parts of Brooklyn. The comparison between the two does not withstand even the mildest of scrutiny.

Posted on: 2016/8/30 14:59
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Re: Rental Prices out of control - DTJC
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No wonder Whitey moving into the hood.


Posted on: 2016/8/30 14:46
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Re: Rental Prices out of control - DTJC
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Quote:

ninagski wrote:
I am in a decent apartment on Jersey Ave in DTJC and just recently started poking around for a new apartment.

Rental prices in DT are rivaling Brooklyn, it's out of control. $2000+ for a studio?!? Get over yourself, JC...


"Get over yourself, JC"? These are market forces. Also, renters may not care much about the reval but that will only increase prices. It may be happening right now.

Posted on: 2016/8/30 14:35
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Re: Rental Prices out of control - DTJC
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Voyeur wrote:
A brief look on Trulia finds 36 apartments in 07302 for under $1,900 a month, many of which are one bedrooms, and some of which are more than 800 sqft.

There are another 32 places for under $1,900 on Craigslist.

And I'm sure a broker would be able to find you 30 more. That's 60 places for under $2,000 that took less than five minutes to locate.

The disconnect between the real Jersey City and the dystopian nightmare many JCListers live in is terrifying. And sad.


...and less than another five minutes to see that many of those in your trulia link require a month broker fee (which as you know, cause you're smart, could easily put a place out of someones price range) or are actually a single room for rent in someone else's ap, maybe two rooms in someone else's duplex. Plus the ones in paulus hook towers are low income.

It sucks. for many people.
It must be nice to live in your Utopian world where DTJC is being whitewashed. Dont worry, you'll have your own little "Plesantville" soon enough.


Posted on: 2016/8/30 14:20
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Re: Rental Prices out of control - DTJC
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?The Market Is Saturated?: Brooklyn?s Rental Boom May Turn Into a Glut.

I think JC will follow Brooklyn with all the construction of new housing all over JC.

http://www.nytimes.com/2016/08/30/nyr ... news&WT.nav=top-news&_r=0

Posted on: 2016/8/30 14:15
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Re: Rental Prices out of control - DTJC
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I feel that rental prices are pretty in line with where they should be; maybe a little inflated which is why there is so much construction.

Condo/home prices are completely inflated, due to low inventory and high demand. Prices should come down with increased inventory, and if there is a tax reval we should see asking prices reduced significantly.

Posted on: 2016/8/30 14:10
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Re: Rental Prices out of control - DTJC
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Finding the listings is easy, sifting through to finding which of them are actual real live apartments you can rent is entirely another.

Tough to find the real deal that meets your list of requirements.

I was close a month ago, but they decided to renovate and pulled it off the market before I could sign. Dang.

Posted on: 2016/8/30 14:08
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Re: Rental Prices out of control - DTJC
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A brief look on Trulia finds 36 apartments in 07302 for under $1,900 a month, many of which are one bedrooms, and some of which are more than 800 sqft.

There are another 32 places for under $1,900 on Craigslist.

And I'm sure a broker would be able to find you 30 more. That's 60 places for under $2,000 that took less than five minutes to locate.

The disconnect between the real Jersey City and the dystopian nightmare many JCListers live in is terrifying. And sad.

Posted on: 2016/8/30 14:04
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Re: Rental Prices out of control - DTJC
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I'm curious about this myself. Especially with the new J-Square high-rises going up, it will interesting to see how they compare to the ones downtown in terms of price and vacancy.

At least one group of new high rises seem to be doing well though. I delivered something to Cast Iron the other day and upon asking, the concierge told me since they opened in March they are already close to 80% capacity.

I imagine the 2 new ones going up now are expecting equal demand. Prices start in the upper 2k range and go beyond 5k pending the room. I overheard in the lobby they have a $50 per pet fee per month which surprised me...sort of.

Posted on: 2016/8/30 13:51
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Re: Rental Prices out of control - DTJC
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Attempted to move this year.

Was really hoping I would be able to snag ~800sqft for ~$2000. Lol, no.

If anybody needs me, I will be at 1st and Erie.... forever.

Posted on: 2016/8/30 13:44
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Re: Rental Prices out of control - DTJC
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Welcome to the new normal. If you really want a good chuckle/cry, look at home prices.

Posted on: 2016/8/30 13:39
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Rental Prices out of control - DTJC
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I am in a decent apartment on Jersey Ave in DTJC and just recently started poking around for a new apartment.

Rental prices in DT are rivaling Brooklyn, it's out of control. $2000+ for a studio?!? Get over yourself, JC.

There seems to be tons of vacancy in these new "luxury" buildings too. Is the bottom going to drop out and the bubble burst, or is JC destined to have Brooklyn prices?

Posted on: 2016/8/30 13:22
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