How Can I Found An Apartment To Rent In Manhattan Without Paying A Broker Fee?
Jun 07, 2007 by Mike W | Posted in Renting & Real Estate
When I search on craigslist it seems to be that everyone is a agent or trying to charge a fee.
If you already existent in the City (or real close) you've got a chance...if your relocating from outside the area...I got be honest...it's a protracted shot. It's hard EVEN W/ A BROKER!!!
If you're in the City...you gotta network like crazy...ask everyone you recall, put your own ad on CL, put posters up in coffee shops, pizza places, etc. Also look in places other the CL...try the Voice, the Put, the Times, the Daily News...
If you're relocating you may want to consider a roommate situation (where they already have the apartment) until you get settled and can find your own flat.
Lastly don't be afraid to work w/ a broker...ask questions...look at some rentals...learn what you can. Some brokers will earmark for a bit of negotiation regarding their fees... this will only work if you make good money (150+K) ...have a firm rental history and impeccable credit...in other words...if you don't need a broker.
It's worth every bit of exertion you will put into it...NYC's the place to be!! Happy Hunting!!
How Much Would A Holding Fee For A 2br, $2000 A Month, Apartment In Manhattan Be?
Mar 05, 2007 by chrissy c | Posted in Renting & Real Estate
There are no "holding fees" in NYC.
If an apartment is stabilized, the confidence deposit is limited to one months rent, and all landlords require the first month in advance.
If the apartment is not stabilized, you (depending on return, credit, desirability of the apartment, etc) may have to cough up an entire years rent in advance.
An average brokers fee is 10% to 15% of the year in and year out rent. That is also payable before you take possession.
Unless you make 40 times the monthly hole, you may need someone with considerable assets to guarantee your rent.
How Can I Find A Great Affordable Manhattan Apartment?
May 13, 2007 by cabindweller | Posted in New York City
Are there discriminating websites, magazines or newspapers that have the best listings? Will I have to go through a broker/pay a broker fee? How long should I project to look? Any other tips?
Affordable = $2500 or less per month. Not looking for the deal of the century in other words - but a agreeable, liveable place with hardwood floors, decent light, etc. I know parts of Brooklyn are serene (and I used to live there) but since we are moving to NYC to experience the CITY (for a year or so only), it wouldn't make much since to not be in the middle of everything.
Well that is an oxymoron, you will have a wiser chance of winning the lottery or being struck by lightening than getting a great, affordable Manhattan apartment. However, moderate apartments can be had as long as you're flexible. Craigslist will be your best bet from afar, particularly if you are looking to get a roommate or sublet. You will disposed to pay a fee regardless, whether it is a broker's fee, application fee, or some other name. You look until you find an apartment. Depending on what your circumstances are most people initially find roommates in New York until they get settled with a job and an belief of where they might like to live and decide that living here is what you want to do. On average a roommate/share in Manhattan will fetch you at least $800 and a studio will easily go for $1600-24000. You would be hard pressed to find a one bedroom for under $2000. This value gets lower if you look in Brooklyn and Queens which is what a lot of people do. There are many scams out there of companies that hint at to send you "listings" for a fee but never get anyone any apartments so beware of great offers or promises. That being said, New York offers some quirky legitimate estate. Sometimes you will find unique living arrangements from people who travel a lot that may rent you the living abide of an apartment and keep the bedroom for themselves but they only use the aprtment 1 week a month or something to that effect. Get creative. I lived in an apartment with a few roommates degree cheaply because it was a railroad flat so you had to walk through one room to get to another (no privacy). Another had the shower in the kitchen. These apartments are becoming more and more rare as the requirement for real estate provides an incentive for landlords to improve their units and charge very squeaky prices. Unless you are a Rockefeller you should be trying to tell everyone you know in New York that you are trying to find an apartment here as consultation of mouth offers the greatest deals in apartments here. If your university has an alumni chapter here stub them out for tips, likewise if your current job has a branch or office here. It takes a bit of patience, fortitude and fortunes. You should also be prepared to pay first, last, and security deposit plus a brokers fee so you are looking at needing the equivalent of four months up front title off the bat. Plus unless you have a great job where you are making major dough you will probably need a guarantor to cosign a sublet out if you get your own apartment, typically you need to prove and annual income of 40 times one month's hire, so if it is 2000 a month you need an income of $80,000 a year to secure it. My advice would be to discontinuance Craigslist for a roommate.
Good luck!
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