$63,420 at Archstone!

7/30/2008:

This 1,500 square foot 3BR apartment at the Archstone building is $5285 per month! If you (and a few friends) have $63,420 burning a hole in your pockets, why not rent it?

http://newyork.craigslist.org/jsy/abo/768643952.html

hoboken-archstone-apartment-5285-per-month-3br-real-estate-rental.jpg

Archstone Website.

One thing I love about that ad is that there’s no interior pictures of the apartment itself. The courtyard, the exquisite architecture, the fabulous lobby (that you’ll spend a total of 2 minutes per day in), and some pictures of the NYC skyline. Don’t forget the “Seal of Service” too!

Sign me up pronto!

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70 Comments on "$63,420 at Archstone!"


Member
homeboken
7 years 1 month ago

Anyone that rents this place for that price is truly delusional. It will sit empty forever at that price.

Member
YuppieSteve
7 years 1 month ago

The apartment is certainly worth that much to somebody.

Archstone is a smart company. They don’t let overpriced units sit vacant for too long. They know what the unit is worth. The amenities are great. It realy does give you a good lifestyle.

And by living in NJ, you avoid almost 4% in New York City taxes. For a couple that makes half a million, the tax savings alone would be almost $20k. Combine that with cheaper parking, and the rent starts to make sense.

BTW – I live in a fairly new development myself. My rent is not much cheaper on a square foot basis.

Member
bmoc04
7 years 1 month ago

If a couple makes half a million and plan on staying put for a couple of years, they should just put down the coin and buy something and get the tax writeoff on interest and property taxes, in my humble opinion.

But the funny thing about renting from Archstone (I’m a former resident and loather of this building) is that when you go, they rarely show you the apartment you are actually renting. They will only show it if it is vacant. Otherwise you will see a floorplan and a comparable apartment so you can view the stark white paint. The manager once said to me “oh I can’t show you that because someone lives in it.” What kind of real estate company uses that logic?

Member
7 years 1 month ago

why am I not suprised Yuppiesteve is trumping this?

Member
bmoc04
7 years 1 month ago

Oh and they probably set this random outrageous rate using their supply/demand computer system. They probably have 1 3-br apartment available in the building so they are charging the maximum computer-generated rent that is possible. If a second similar apartment pops up in the building before this one is rented, the rents on both will decline automatically. It’s like timing the stock market.