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Thinking Brooklyn but Deciding for Long Island City

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Maintenance problems abounded. Mr. Hunt used a pan to collect the rainwater dripping through the ceiling, graduated to a bucket and, when that proved insufficient, a trash can. Last winter, some of his favorite shirts were soaked by rainwater. “It was imperative for my sanity to move,” he said. Photo LONG ISLAND CIT Y Along the waterfront on Center Boulevard, the many rental buildings were new, but not new enough. Credit Sasha Maslov for The New York Times He envisioned his new place as airy and clean, but also warm and inviting. “Telling a real estate agent your vision is not as clear as making a list,” he said. So he made one, including light, views and a rent of around $2,000 a month for a studio or one-bedroom. Using five apps — StreetEasy, Trulia, PadMapper, Naked Apartments and Zumper — he went to work. “I felt frantic about it,” he said. He contacted every agent who seemed to have a suitable listing. “The idea was zero fidelity.” He planned to remain in Greenpoint. But the fe...

Long Island City's latest rental, Watermark LIC, launches from $2,169/month

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Watermark LIC, the 168- apartment rental building designed by Handel Architects and located right off of Jackson Avenue in Long Island City , has launched leasing. In May, the lottery for the building’s 34 affordable apartments launched with rent going from as low as $908/month for qualifying individuals but you can expect to pay much more on the market-rate units. Though the building is a mix of studios, one-, and two-bedrooms, there are just five apartments—three studios and two one-bedrooms-- that are currently up for grabs, each one offering one month free rent. With the concession in place, the net-effective rent for the studios range from $2,169 to $2,307/month while prices for the one-bedrooms are set at $3,185/month and $3,254/month. The Twining Properties- developed building is on track to receive LEED Silver certification and prides itself on offering “unique and versatile layouts.” All of its apartments have been furnished with floor-to-ceiling windows, high ceilings, LE...

AvalonBay Communities (AVB) Q2 2017 Results - Earnings Call Transcript

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AvalonBay Communities, Inc. (NYSE:AVB) Q2 2017 Earnings Call August 03, 2017 1:00 pm ET Executives Jason Reilley - AvalonBay Communities, Inc. Timothy J. Naughton - AvalonBay Communities, Inc. Sean J. Breslin - AvalonBay Communities, Inc. Matthew H. Birenbaum - AvalonBay Communities, Inc. Kevin P. O'Shea - AvalonBay Communities, Inc. Analysts Nicholas Joseph - Citigroup Global Markets , Inc. Nick Yulico - UBS Securities LLC Richard Allen Hightower - Evercore ISI Juan Sanabria - Bank of America Merrill Lynch Andrew T. Babin - Robert W. Baird & Co., Inc. Austin Wurschmidt - KeyBanc Capital Markets , Inc. Dennis Patrick McGill - Zelman & Associates Wes Golladay - RBC Capital Markets LLC Alexander Goldfarb - Sandler O'Neill & Partners LP Vincent Chao - Deutsche Bank Conor Wagner - Green Street Advisors , LLC Richard Hill - Morgan Stanley & Co. LLC Robert Stevenson - Janney Montgomery Scott LLC Operator Good morning, ladies and gentlemen, and welcome to AvalonBay...