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Nyc Apt Search Help

post #1 of 16
4/23/10 at 7:02pm
Thread Starter 
I'll be moving from the south to Nyc in June to start work. I've got 2 other friends from school that I'll be rooming with that are moving at the same time. I need to start looking for apartments and although Craigslist seems to be the best route, I won't be able to afford a trip up there to check out any of the apartments to make sure they're not tiny or a scam. I really don't want to have to pay a broker fee, so I was wondering if I could get some suggestions on what I should do. Thanks
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post #2 of 16
4/24/10 at 3:28am
You could try looking at Craigslist for a temporary sublease or possibly a renting a bedroom from people needing an extra roommate that would allow you to look at apartments while you're there.
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post #3 of 16
4/24/10 at 3:41am
Quote:
Originally Posted by costadelmar16 View Post
I won't be able to afford a trip up there to check out any of the apartments to make sure they're not tiny or a scam.
A broker might be the best best in this case.
Quote:
Originally Posted by costadelmar16 View Post
I really don't want to have to pay a broker fee
damn it!!



Quote:
Originally Posted by costadelmar16 View Post
to make sure they're not tiny

if you don't want tiny, move to Jerz. Or Greenpoint. Or Astoria. Otherwise get used to tiny (or a new definition of tiny) in NYC.
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post #4 of 16
4/24/10 at 3:57am
i just found an apt in NYC last weekend, it was hectic looking at apts then getting things signed within 2 days.

you need to more specific with what your requirements are...

1. Where do you want to live? (ie. West Village, Chelsea, Union, Midtown)
2. How many rooms/bathrooms are you looking for.
3. What is your price range? Can you and your roommates afford 40x the rent? Do you have a guarantor?

If you don't want to pay a fee, you will probably need to travel up to go to NYC to look at places... basically try and deal directly with the owners. Its really getting to the hot season for moving right now and most landlords wont pay the broker fee at this time.
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post #5 of 16
4/24/10 at 3:52pm
Thread Starter 
I could try and sublet for a little while, the only problem is I will be starting as an Investment banking analyst and I'm going to be swamped with work and I really don't want to have to deal with moving twice.

-I'm not necessarily worried about it being tiny. The place I lived in this summer in the east village was small, but a lot bigger than I could of imagined. I just meant I don't want to get screwed over by pictures.

1. I'm looking to live in east village, LES, Flatiron, West Village, Soho, or GVill
2. Need 3 bedrooms, don't really care about the number of bathrooms.... 1 is fine.
3. Price range probably max out at $4000

Thanks
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post #6 of 16
4/26/10 at 4:17am
Quote:
Originally Posted by costadelmar16 View Post
I could try and sublet for a little while, the only problem is I will be starting as an Investment banking analyst and I'm going to be swamped with work and I really don't want to have to deal with moving twice.

-I'm not necessarily worried about it being tiny. The place I lived in this summer in the east village was small, but a lot bigger than I could of imagined. I just meant I don't want to get screwed over by pictures.

1. I'm looking to live in east village, LES, Flatiron, West Village, Soho, or GVill
2. Need 3 bedrooms, don't really care about the number of bathrooms.... 1 is fine.
3. Price range probably max out at $4000

Thanks

i'd recommend going a little higher... maybe Union or Gramercy, more bang for your buck and easier to find those larger 3 bedrooms.
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post #7 of 16
4/26/10 at 2:56pm
Quote:
Originally Posted by racknac View Post
i'd recommend going a little higher... maybe Union or Gramercy, more bang for your buck and easier to find those larger 3 bedrooms.

In the areas that you mentioned above $4,000 will get you a nice 1br or an average (at best) 2br.
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post #8 of 16
4/26/10 at 3:00pm
Thread Starter 
Quote:
Originally Posted by chas View Post
In the areas that you mentioned above $4,000 will get you a nice 1br or an average (at best) 2br.

Are you referring to 4,000 in Union or Gramercy.... Or Evill, Wvill etc. The Apt I lived in this past summer was a large 3 bedroom and it was just rented for 3500.
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post #9 of 16
4/26/10 at 4:38pm
I thought you said you wanted a 3 br in - east village, LES, Flatiron, West Village, Soho, or GVill-
for under $4K.

That is specifically what I was referring to.
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post #10 of 16
4/27/10 at 1:38am
Quote:
Originally Posted by chas View Post
In the areas that you mentioned above $4,000 will get you a nice 1br or an average (at best) 2br.

i have a nice 1br for $2700... although my definition of nice dropped dramatically as I started looking at places.
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post #11 of 16
4/27/10 at 4:24pm
Thread Starter 
Is it really true that when you pay a fee to a broker, your rent can be lower since they management company doesn't have to pay the fee. And when you find a no fee apt the management company is just passing the fee along to you in the rent anyway. I know brokers tell this to people all the time, but is it accurate or just a line?
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post #12 of 16
4/27/10 at 4:49pm
it's true and it's what I did. And since I'm renewing my lease, I'll be saving quite a bit of money in year 2 since the slight rent increase will be based off of the lower rent from year 1.
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post #13 of 16
4/28/10 at 12:10am
Thread Starter 
Someone mentioned that since its becoming the time for an influx in apt renting, they don't feel the need to provide a no-fee place. Like I said before I'll be living with 2 other people, one of the guys doesn't start his job until September, therefore isn't planning on moving to NYC until mid-august. Do you guys think it would be wise for me to just sublet a place till August and get a storage unit in the city? Do you guys think rent prices will come down by August? Or is that still considered a high volume renting month?
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post #14 of 16
4/30/10 at 1:06pm
i would strongly suggest that you or your roommate figure out a way to see the apartments in person. you're asking for major trouble renting something sight unseen. put some of that analyst signing bonus to good use and book a trip to nyc to check out a bunch of places. in your price range, and depending on the location of your office, i would suggest sticking to east village/les, gramercy/flat iron/murray hill. soho/west vill/central vill will be too pricy and besides you're not going have much free time as it is to enjoy your home. in this regard, if you're working in midtown you should consider midtown. its not the sexiest but you will be appreciate the convenience of a 2 min commute when working 90 hr weeks. in terms of broker fees, im sure some places that charge no fee pass them on - but as a rule of thumb always try to avoid them or at least try to negotiate them down. unfortunately thats not always possible but def worth a shot edit -- also, depending on the firm your HR dept may be able to assist with relocation (not pay for it, but help you determine where to live, broker to use etc.)
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post #15 of 16
5/1/10 at 7:45pm
do not rent a place in NYC sight unseen. Geeez. Also don't buy the batteries the guys sell on the subway. Also do not put any money down if you see a 3 card monte game. The people who are winning the money and getting paid are shills that work with the guy running the game.

Do not expect rents to go down in August. Things have bottomed out and are only going to head upwards.
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