
Approved for a rent-stabilized affordable studio in Williamsburg for ~$2,015/mo. Taking it, but second-guessing. Sanity check?
Just got approved for an affordable re-rental studio through a waitlist and I'm about to sign a 2-year lease. Would love a gut check from people who've done this.
The apartment:
- ~420 sq ft studio, elevator building in Williamsburg
- East-facing with a city view
- Rent-stabilized, ~$2,015/mo (2-year lease, so the rent freeze applies)
- Only pay electric. Heat, gas and water included, gym included, pt doorman.
- Decent sized walk-in closet, and one smaller closet with shelves.
The downsides:
- Open kitchen in the main room. I prefer layouts where the kitchen is in the entry hall
- No in-unit W/D (laundry in building)
- Commute to the UES/Midtown East is longer than I'd like
- Bathroom has no window
What I passed on:
- An affordable studio in LIC/Court Square for ~$3,000/mo with in-unit W/D and a faster commute, but a low floor facing a courtyard and other buildings
- Comparable new-construction market-rate studios in Williamsburg are running $3,500–$4,500+
I'm 35, moving out on my own for the first time in a while, and I'll have my kid over on visits. My plan is to put a divider between the bed and the living area and make the kitchen feel intentional with an island and stools.
Is this a no-brainer, or am I underrating the layout and commute? Anyone living in a similar setup, how do you like it after a year?