Rent report generated Dec 10, 2024
The Rent Potential of
169 Lexington Ave Unit 2 Brooklyn, NY
is $3,800 – $5,577/mo.
Rent Advice
The property at 169 Lexington Ave Unit 2, located in the vibrant Bedford-Stuyvesant neighborhood of Brooklyn, offers a lucrative rental opportunity. With estimated rents ranging from $3.8K to $5.6K per month, based on two-bedroom comps in the area, investors can anticipate a robust income stream. The modern condo's premium features, such as central air and a rooftop lounge, enhance its appeal, although market saturation in Brooklyn could pose a challenge. Given current market trends, a payback period of approximately 15-20 years is realistic, assuming a steady occupancy rate.
To maximize rental income, consider upgrading the unit with smart home technologies or aesthetic enhancements like high-end finishes. These improvements could justify premium pricing. If selling is on the horizon, emphasizing the property's modern amenities and location in a trending neighborhood could attract competitive offers. Ensure any renovations align with the latest market demands to enhance both tenant attraction and resale value.
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