Property Details

RENT CONTROLLED APT - 30% BELOW MARKET RATE.

Hi, we live in Peter Cooper Village and are relocating so are looking for someone to assign our lease to. This would be an official sublease / lease assignment through the landlord, so the new tenant would take over our lease.

- Apt is fully furnished, so we strongly prefer a tenant that will buy the existing furnishings for ~$8k. Potentially we could consider someone who wanted the place unfurnished.
- Sublease would start 7/1/23
- Current lease end date is 9/2/23, however, the new tenant could choose to renew at that point for only ~3% increase in rent (rent controlled apt).
- Rent is $5,165, including utilities (water, gas, electric)
- 2 BR 2 BA, 1211 sqft
- South facing with large windows and great light overlooking a playground.
- Comparable apartments are listed for $7-8k on the Stuytown website.

Incentives

$5,165 includes utilities (gas, water, electric).

Additional fees

Looking for the person taking over our lease to take the place furnished and purchase most or all of our furniture from us at a discount. Total furniture cost is ~$12k discounted to $8k.

Landlord requires application fee and credit check, probably ~$50 per applicant.

Other info

Full list of furniture is here showing total cost of $7.8k to the new tenant.

The building is rent-controlled so the new tenant can renew in Sep'23 at ~$5,300/month. This compares to $7-8k for comparable apartments on the Stuytown website.