Even Bed-Stuy/Crown Heights is feeling the Airbnb Squeeze
The median rental price for a unit in Bed-Stuy/Crown Heights is $2,370 a month. For people running a seriousAirbnb hustle, the average monthly revenue from a listing in these neighborhoods is $2,530. And that’s if it’s only booked at an average rate for these renters, which is 66 percent of the time.
And therein lies one of the problems listed in a voluminous new report by rental advocacy groups Housing Conservation Coordinators and MFY Legal Services. Another, simpler, problem is that the money people make from renting out their apartments even occasionally is passed on to the landlord in the form of higher rent prices. If rent is $2,000 a month but you get $500 from renting it out a few days a month, you can probably afford if the landlord increases the rent to $2,200.
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