Jackson Heights Life

Wow, is that listing ever schizophrenic.  It is listed as Elmhurst, but then says it's located in Prime Jackson Heights.  The title reads 2 bedroom but the body says "Gorgeous One Bedroom."  What are you really getting for $1,800?

Looks like they changed the title - 1br for 1800/month?

Yes, looks like they changed the title since the time I posted.  It originally said 2 bedroom in the title, and now the title matches the body of the ad (1 bedroom).  I think $1800 is around the going rate for a decent-sized one bedroom in the historic district.  I suspect these units are smaller than in the usual pre-war buildings, but they are brand new, so that's how they justify asking $1800.

Madalyn - I wasn't aware there had always been rentals in this building.  Good to know.

Quote from: Shelby2 on January 01, 2015, 01:40:04 AM

Looks like at least one of these units is now on the market as a rental.

http://newyork.craigslist.org/que/aiv/4827356753.html

could also be an owner/investor renting out his unit.

Good point.  Well, in any case, now we know what the asking price is for a one bedroom rental in that building.

The other thread about the rental for this building inspired me to look into the building and found out the correct name for this building should be Yin Hu tower (not as Vin Chu tower as mentioned in the other thread http://www.jacksonheightslife.com/community/index.php?topic=8373.0).

 For about 27 condo Units (floor 2 to floor 4), six units has already been sold since Oct 2014. See the attached for the sale history. found from the the public record. The sales for the apartment for this building seem to be doing OK.

Since we're resurrecting this zombie thread, I noticed something in the first post, bolded it:

Open house today and with a lot of visitors.  All apartments on the second floor were open today for public inspection.  My impression; small rooms, few closets, low ceilings, kitchens in every living room, too many bathrooms, stone tiled living room floors, horribly placed over sized circuit breaker boxes, thin plasterboard walls, tacky public area light fixtures, zero charm.  Old world from the outside, thoughtless construction on the inside.  I'll pass.

That's a huge red flag for over-occupancy if I ever saw it. Or I don't know what I'm talking about, that's also possible.

Since we're resurrecting this zombie thread, I noticed something in the first post, bolded it:

Quote from: ente on April 26, 2014, 06:23:19 PM

Open house today and with a lot of visitors.  All apartments on the second floor were open today for public inspection.  My impression; small rooms, few closets, low ceilings, kitchens in every living room, too many bathrooms, stone tiled living room floors, horribly placed over sized circuit breaker boxes, thin plasterboard walls, tacky public area light fixtures, zero charm.  Old world from the outside, thoughtless construction on the inside.  I'll pass.

That's a huge red flag for over-occupancy if I ever saw it. Or I don't know what I'm talking about, that's also possible.

I don't think building is too different from other NEW constructions building in this area or in the hot Long Island City.  The only aim of these new construction buildings  is to put as many people in tiny space. However, I don't think there is over-occupancy problem as defined by the state law.

Quote from: hfm on January 04, 2015, 03:16:58 AM

Since we're resurrecting this zombie thread, I noticed something in the first post, bolded it:

Quote from: ente on April 26, 2014, 06:23:19 PM

Open house today and with a lot of visitors.  All apartments on the second floor were open today for public inspection.  My impression; small rooms, few closets, low ceilings, kitchens in every living room, too many bathrooms, stone tiled living room floors, horribly placed over sized circuit breaker boxes, thin plasterboard walls, tacky public area light fixtures, zero charm.  Old world from the outside, thoughtless construction on the inside.  I'll pass.

That's a huge red flag for over-occupancy if I ever saw it. Or I don't know what I'm talking about, that's also possible.

I don't think building is too different from other NEW constructions building in this area or in the hot Long Island City.  The only aim of these new construction buildings  is to put as many people in tiny space. However, I don't think there is over-occupancy problem as defined by the state law.

Right. And the New York Times expounded on this over the weekend:
New York’s New Rentals: Smaller Apartments, More Perks
http://www.nytimes.com/2015/01/25/realestate/new-yorks-new-rentals-smaller-apartments-more-perks.html?_r=0

Although in the case of this building, the perks are likely few.