970 Kent rundown

The Developers Group has been marketing the condominiums at 970 Kent Avenue and from the looks of it, has sold every single unit, save the penthouses, which have recently been put on the market. Located in Clinton Hill, this project is 2 blocks east of Pratt, down the block from public housing, a few blocks west of Hasidic Williamsburg, and in our opinion, far from being in an ideal location. Unless, that is, you work at the Brooklyn Navy Yard.

What has caught our eye, though, is the recent glut of units that were put on the rental market (and one on the resale market). Obviously, this building was the target of many a speculator/investor who planned to purchase the units and immediately rent them out. Conceptually, this does not lend itself to the best situation, as one would wish all the units were owner-occupied. In practice, this never happens.

There are 2 units for rent on Corcoran, both 1,000-some-odd square feet for $2200. There are also 2 units for rent on Elliman, one a 1226 square foot asking $2700 and one 1,013 square foot studio for $2200.

Ostensibly, there are many choices for the renter who wants to live at 970 Kent.

There is also one resale listed by Jerry Minsky for $449K.