yeah, i think so.

if i start work in july, when would those apartments typically go up onto craigslist? march/april?

and obviously this is a very subjective question, but how much are people looking to spend a month for an apartment in new york city? would it be reasonable to be able to find something in lower manhattan for less than $1000 and have your own room? thanks

 

you can find an apartment w/o a registration fee

$1000!?! Oh ye of little knowledge.

Try multiplying that by two. However, if you're doing banking and will be working crazy hours, it might make sense to live in Brooklyn. Its cheaper and its still really close.

 

I would strongly recommend against living in brooklyn (or anywhere outside of manhattan) if you plan on putting in a lot of hours. That 30 mins of commute would be really unpleasant at 4 am. Not to mention that with the public transportation system the way it is, getting to the office in a timely manner won't always be a possibility.

There are apts out there with no fee, just have to look at the management companies (rose associates, related rentals, glenwood management to name a few). Apts for july wont get listed until june though.

As far as price goes, you would have trouble finding something in Manhattan for under $2000 if you want your own room. Its certainly possible, but you would prob live in undesirable areas (financial district) and for places like that you will generally need a real estate agent. Best way to go is get a couple of people together (3-4) and rent a place in one of the no fee buildings. As mcds said, places go very quickly here, so if you come prepared (with tax returns, bank statements, offer letter) you can find a place in a weekend.

 

Also, look for sublets or someone who needs a roommate that already has a place, if they're a decent enough fit personality wise, it'd save a lot of the trouble of finding your own place.

 

Many apartments are offering comps such as paying for your broker fees, offering one to two months free rent, gift cards etc. to fight off the housing slump. This is the best time to negotiate since the buyer/renter actually has the power in this economy. Also, I bet there are some people on this blog that are moving to NYC next summer also, try teaming up with one of these monkeys to land a pad together.

 

Many apartments are offering comps such as paying for your broker fees, offering one to two months free rent, gift cards etc. to fight off the housing slump. This is the best time to negotiate since the buyer/renter actually has the power in this economy. Also, I bet there are some people on this blog that are moving to NYC next summer also, try teaming up with one of these monkeys to land a pad together.

 
dentyne13:
when i said $1000, i meant per bedroom. that means if the apartment was $2000, it would need at least two bedrooms.

I actually laughed out loud at this. a 2 bedroom for $2000 are you kidding me? You won't find a studio for that much. 2 beds are going to be upwards of 3500, at least. You might be able to split something (put a wall up in a big 1 bed) in the 3000 range, but you'd be lucky to find that.

 
MDR:
dentyne13:
when i said $1000, i meant per bedroom. that means if the apartment was $2000, it would need at least two bedrooms.

I actually laughed out loud at this. a 2 bedroom for $2000 are you kidding me? You won't find a studio for that much. 2 beds are going to be upwards of 3500, at least. You might be able to split something (put a wall up in a big 1 bed) in the 3000 range, but you'd be lucky to find that.

Umm I live in Manhattan and pay $1000 for my bedroom. It's not difficult to find deals like this at all.

Areas I suggest you check out are Murray Hill, LES (some parts are actually very nice), UWS (think really up), Stuytown, Village (friend just got a 2 bedroom walkup apartment on Thompson and Bleeker for $1200/person). Good luck!

 

Two girls I know just found a two bedroom in the financial district and they are each paying 1200 a month. However, because of the current economic climate, they are not paying a broker fee and the building is giving them 3 months free.

I think with some research you could find a great apt in Manhattan for a low price.

 
Best Response

It depends on what kind of place you want. If you want a 5th floor walk up in a less desirable part of town (not dangerous, just not close to subway/restaurants/etc.), you could find something for between 1200 to 1500/month. Most likely that 2BR in the West Village is a converted 1BR with a pressurized wall.

A few data points: I looked at a studio on spring street that was $1800/month and the shower was in the kitchen. Also looked at a 3rd floor walk up in west village that was going for $2300/month (jr. 1BR about 400 sq. ft). I'm sure prices have come down but be realistic.

UES is going to be a little cheaper (obviously not park ave/madison in the 70s/80s) but if you look a bit more east towards 2nd or 1st avenue, you could find a studio for about 1400/month. Again, no doorman, no elevator, etc.

My last apartment in NY (rented in April'08) was in the Flatiron/Chelsea district. I paid about $2650/month for a studio (~450 sqft), brand new building, doorman/concierge, gym, roofdeck, etc.

While landlords/owners are definitely more willing to negotiate the fees and maybe even rent, NY real estate is still quite pricey. Prices will come down, I suspect, but don't expect to find anywhere for less than a $1000/month per person (usually for shares). Unless you happen to come into a rent controlled place.

 

I think you just have to keep looking till you find a good place.

I recently found a place in midtown, nice doorman building, big apt, big room, 1250 rent. I had the best luck looking for shares on CL, usually a 3 or 4 br where 1 roommate was moving out and they needed someone to take his/her place. Also, these people are easiest to work with, since they want to fill the apt as soon as possible so no one is paying rent out of pocket and they get a lot of crazies comign to see the apt...

 
elan:
I think you just have to keep looking till you find a good place.

Definitely don't underestimate the amount of legwork it will take to find a good place. And as someone here mentioned earlier, there are some great deals out there--landlords are anxious to fill space and are offering great incentives (two months free rent, no fee etc)--but you will have to look hard and long to find them.

 

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