Apartment Rentals in New York City – what you need to know.
Posts Tagged ‘rents ’
Now, imagine having to pay a broker’s fee on top of these high rents. A broker’s fee in Manhattan is typically 15% of the first year’s rent. Not the first month’s rent, the first year’s rent!
Rents rose in Manhattan between 6.2%, as reported by Citi Habitats, and 9.5%, as reported by appraisal firm Miller Samuels and Prudential Douglas Elliman. Exact increases are very hard to pin down, but
The issue of rent stabilization has been a needle in the side of New York landlords for over 40 years. The arguments boil down to this…
A recent report shows a narrowing gap over the last two years between what people pay to live in a doorman building compared to a non doormen building. In the past year, the premium paid for the doormen building has fallen approximately 36% for studios
Bloomberg quotes Citi Habitats as saying that rents increased 9% in July from a year ago in July. “landlords tested how high they could push prices amid few vacancies.”.
Many New Yorkers looking for a real-estate deal may reflexively scratch Manhattan off their list. Well, think again. Maybe you can take Manhattan.
Even as New Yorkers exit city en masse for vacations, residential leasing approaches boom-time highs August 01, 2011 07:00AM By Candace Taylor in TheRealDeal.com New Yorkers are fleeing the city in the scorching summer heat, trading subway cars for the Hamptons Jitney and business casual for bathing suits. Even so, the residential rental market is as sizzling-hot as the temperature,…
As usual, neither tenants nor landlords are happy. And as usual, landlords say they are on the way to the poorhouse and tenants say that nobody but the very rich will be able to live in New York. And as usual, thousands of people will be competing to rent apartments in New York City this year, next year, and beyond.
White-collar job growth in Manhattan will spur demand for market-rate apartments in the city this year and push rents to record highs
Renting an apartment in Manhattan is getting harder, says a new report. Rents are up, landlords are not offering concessions and the vacancy rate remains low.
What it comes down to is that few apartments outside of Manhattan get de-stabilized, and fewer and fewer apartments in Manhattan remain stabilized. Do Manhattan developers really need the 421a tax abatements to make money on their projects? If they are getting a public subsidy, shouldn\’t the developers be forced to give something back to the city as well?
Renting an apartment in Manhattan is costing more. The biggest gains were studios in doorman buildings, up 10.3%. The average rent is up 8% from last year.
Manhattan renters have fewer apartments to choose from these days. In another sign the rental market is starting to tighten up there were 26% fewer vacant apartments on the market last month than during the same period last year.
New York City takes top honors for being more affordable to rent than buy. According to Trulia, the median list price (for the top 50 cities) is $140,201.37, but the median price for a 2-bedroom apartment in NYC is $1.3-1.4 million!
“Concessions are not dominating anymore,” said Jonathan Miller, chief executive of Miller Samuel. “In 2009, the typical concession for a large portion of new rentals was two to three months of free rent.”
The good times are over for Manhattan renters. The power has shifted back to landlords, sending rents up and concessions down during the last three months of 2010.
The Manhattan residential rental market rebounded last year, and at a faster clip than many had anticipated, according to a new report.
Bargains are drying up for Manhattan apartment renters – reflective of a broader trend in the other four boroughs as well.
Small increase in October comes as most other signs point to an improving market; average rent for a studio in Manhattan hits $1,837, up 6% from last year.
Volume of new lease signings triples in third quarter, despite a major hardening in landlords\’ negotiating stances; time it takes to rent out units halved to 38 days.
The scorching summer heat hasn\’t slowed the Manhattan apartment market—the vacancy rate in July reached 0.88%, its lowest point in nearly three years
The rental market is rebounding, especially in New York and other markets where job trends are improving: Washington, D.C.; Chicago; San Francisco; San Jose, Calif.; and Seattle. But New York could top them all in rent growth.
Beautiful brownstone just of Prospect Park. Four blocks to the subway and within 4 block of everything. Naturally, you can get full details by subscribing to RDNY.com. Forget about all the other apartments available. This one alone is worth the price of admission.
The Manhattan residential rental market showed modest improvement over the last month, with inventory declining and rents climbing…
MANHATTAN apartment rentals more than doubled in the second quarter from a year earlier as the city\’s job market improved and tenants gained confidence.
Apartment leasing activity skyrocketed in Manhattan during the second quarter but the burst of new transactions failed to push rents higher.