3 ms·
This seems quite expensive given that the units are located in Crown Heights. (19 people * 1900 avg rent) / 7300 sqft = $4.68 per sqft Lets look at a typical
by hendzen 11y ago
This seems quite expensive given that the units are located in Crown Heights.
(19 people * 1900 avg rent) / 7300 sqft = $4.68 per sqft
Lets look at a typical unit [0] in Crown Heights. We'll look at large units (4+ br) to make it comparable as possible.
It's 4k per month for a 1200 sqft space with for 4br - so
$4000 / 1200 sqft = $3.33 per sqft
So about 40% more expensive than a normal shared unit + plus way more roommates. I think the extra 800-1000 difference per month should pay for food and laundry with plenty to spare for savings.
[0] - http://streeteasy.com/building/348-eastern-parkway-brooklyn/2e http://streeteasy.com/building/348-eastern-parkway-brooklyn/...
- tdaltonc 11y agoYes, that 40% is called profit margin.
- jarcane 11y agoIf you think landlords in New York aren't factoring in a profit margin, I've got this great bridge in Brooklyn I'll sell you.
- thesyndicate 11y agoFounder here! Keep in mind that we provide laundry, utilities, and shared kitchen and bathroom supplies. We also host a lot of dinners and shared events / meals / etc for the community. It's also month-to-month and furnished.