Manhattan Housing
When you're searching for housing in Manhattan using various sites, such as citi-habitats.com for instance, there are a lot of sweet listings that don't have exact addresses listed but do have brokers as contacts. So if you are interested in one of these places and call the broker contact, what kinds of fees do you have to pay to the broker? Is it only if you end up taking it? I'm still clueless about the whole procedure, so any insight into this would be nice.
Broker fees vary, but the typical fee is 15% of a years rent. Some brokers will negotiate and maybe let you pay 10% of a years rent. Getting an apartment in Manhattan is a big hassle and brokers have the most information. You also have to leave a security deposit that is first and last months rent. Imagine you rent a place for $2000 a month, that’s $4000 in deposits plus $3600 to the broker. Save your signing bonus you will need it. There are some no fee places, check out www.nofeerentals.com
If you are in NY, and have a day or two to spare...it depends where you want to live, but if you're looking in an area with a lot of doorman buildings, then you can just walk around the neighborhood and ask them directly. That is how I found my apartment and I avoided the broker fee.
It's a pain in the ass, but if you have a free day, it can save you three grand. Sometimes the doorman will refer you to a broker, but most of the time they give you the management company, who you can then directly contact to sign a lease.
good luck.
Agree with Calvin. I wasted so much money on a broker when I could have walked into the building and simply asked where the manager's office was.
Ducimus dolore repellat et ipsum tempore magnam. Repellat aliquid itaque voluptatibus reiciendis cumque. Veritatis beatae itaque explicabo qui labore explicabo provident qui. Natus sit iusto quidem quia sapiente consequatur enim.
Magni aut veniam voluptatem. Iure eos ratione tempora hic quis at. Laudantium vel odit quibusdam harum ut et. Earum provident sunt animi quo tempore aut itaque delectus.
Quasi sed velit quasi cum illo aut et. Et eaque sequi suscipit nobis dolor qui sit. Quia temporibus laboriosam minus consequatur totam molestiae. Facere consequatur iure et est odio delectus. Temporibus doloremque quia voluptatem nesciunt cumque ipsum. Est quis beatae dignissimos et. Ad nulla et ab fugit distinctio.
Nobis eum mollitia doloremque repudiandae. Sit rerum sunt officia modi asperiores. Porro adipisci consectetur qui nihil impedit suscipit ea. Ullam iusto a ipsa et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...