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Forum -> Inquiries & Offers -> Lakewood, Toms River & Jackson related Inquiries
What is the price for a nice basement apartment



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amother
OP


 

Post Tue, May 28 2024, 4:52 am
In the Brookhill area?

Thanks
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amother
Whitesmoke


 

Post Tue, May 28 2024, 5:04 am
$2,000-2,200
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amother
Snowdrop


 

Post Tue, May 28 2024, 5:23 am
$1800
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amother
Lime


 

Post Tue, May 28 2024, 5:28 am
1800-2300

Depending on size. Number of bedrooms and bathrooms.
Depending on how new or old.
Depending on amenities?
How many ovens? How many sinks? Are there dishwashers? How many?
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amother
OP


 

Post Tue, May 28 2024, 6:35 am
Thank you!
We were looking into an apartment that is quite large, not new but not very old either (probably around 15 years old). There’s only one bathroom. Yes, washer/ dryer, 1 stove, 2 sinks and 1 dishwasher.
They were asking $2k but I think for that price it sounds like we might be able to find something with a second bathroom and 2 ovens.
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amother
Peachpuff


 

Post Tue, May 28 2024, 6:38 am
amother OP wrote:
Thank you!
We were looking into an apartment that is quite large, not new but not very old either (probably around 15 years old). There’s only one bathroom. Yes, washer/ dryer, 1 stove, 2 sinks and 1 dishwasher.
They were asking $2k but I think for that price it sounds like we might be able to find something with a second bathroom and 2 ovens.


You can ask them if they’d go down to a lower rent amount. I know that in south Lakewood there’s a surplus of basement apartments so it’s a tenants market. Not sure about ridge area.
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amother
Hunter


 

Post Tue, May 28 2024, 7:44 am
15 year old basement is considered old for lakewood. The windows are probably nothing like the windows in newer basements. Also closets are done better in newer and laundry rooms are better.
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wife101




 
 
    
 

Post Tue, May 28 2024, 8:03 am
amother OP wrote:
Thank you!
We were looking into an apartment that is quite large, not new but not very old either (probably around 15 years old). There’s only one bathroom. Yes, washer/ dryer, 1 stove, 2 sinks and 1 dishwasher.
They were asking $2k but I think for that price it sounds like we might be able to find something with a second bathroom and 2 ovens.


I don't think basements have 2 ovens.
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amother
Peachpuff


 

Post Tue, May 28 2024, 8:07 am
wife101 wrote:
I don't think basements have 2 ovens.


Agree, that would be a rare find. You can just buy a toaster oven for milchigs.
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amother
OP


 

Post Tue, May 28 2024, 8:35 am
Do newer basements have 2 bathrooms?
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amother
Hunter


 

Post Tue, May 28 2024, 8:39 am
amother OP wrote:
Do newer basements have 2 bathrooms?


Yes. At least 1.5 if its a 3 bedroom. I don't know much about 2 bedroom basements.
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keym




 
 
    
 

Post Tue, May 28 2024, 8:42 am
Are you davka looking in North Lakewood/Brookhill area?

A quick glance at the Masa Umatan has multiple 3 bedroom 2 bathroom apartments available in Oak/Vine and other south lake areas all in the 1800-2000 range?
That is also significantly newer (2-5 years) than what you're looking at
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amother
Peachpuff


 

Post Tue, May 28 2024, 8:46 am
keym wrote:
Are you davka looking in North Lakewood/Brookhill area?

A quick glance at the Masa Umatan has multiple 3 bedroom 2 bathroom apartments available in Oak/Vine and other south lake areas all in the 1800-2000 range?
That is also significantly newer (2-5 years) than what you're looking at


There are apartments for lower than 1800 too. Posting a screenshot from Efraim Feder’s WhatsApp stories yesterday -



Efraim is a real estate agent btw. His number is +1 (347) 628-6565.
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amother
OP


 

Post Tue, May 28 2024, 9:02 am
Yes, specifically looking in that area since we want to be near relatives
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amother
Cognac


 

Post Tue, May 28 2024, 12:54 pm
Rental prices are going down now, after years of being able to charge whatever they wanted. It sometimes takes landlords a while to realize that the market is turning.

If you can wait a few months, it might be worthwhile. You might be able to get a cheaper price.
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amother
Daylily


 

Post Tue, May 28 2024, 12:58 pm
amother Cognac wrote:
Rental prices are going down now, after years of being able to charge whatever they wanted. It sometimes takes landlords a while to realize that the market is turning.

If you can wait a few months, it might be worthwhile. You might be able to get a cheaper price.

Most neighborhoods haven’t budged from 1900-2200 in months.

People don’t realize that in 2003 in Lakewood the nicer 3/1.5 basement apartments were going for 850. That’s the equivalent of close to 1500 in 2024 dollars. It’s not like basements are ever going to go down to 1200 again.
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