Attorney · New York, NY · Member since 2019 · 10 posts · 3 votes
Hi,
I am in the midst of helping a developer decide whether to focus a building on studios, 1 bedrooms, 2 bedrooms, or 3 bedrooms (property bought, building not built yet). The building is located near flowers park in New Rochelle, NY. The tricky part is, the data is a bit sparse on trulia (my usual go to) and only shows one 1 bedroom and two 2 bedrooms rented in the entire town in the past year (which can't be even close to the truth). Does anyone have any other ideas / resources on how to determine which apartment sizes are in the most demand within a given community?
New Rochelle, NY · Member since 2018 · 235 posts · 151 votes
7y
@Joseph Urbinati I don't think you would have a problem renting the building no matter what you put there. But the number of bedrooms you put will determine the type of Tennant you get. More bedrooms will attract people with kids. I would suggest reaching out to a local property manager or real estate agent that may have insight to which bedroom amount has the most demand.