Cash Needed for an apartment in NYC
As the title says, this question goes out to anyone who recently moved to NYC to start their analyst years. I'll be doing the same this coming summer and was just wondering how much cash I should have lined up to sign a lease on an apartment between 1-2k.
Cheers.
It will depend on what you find (fee vs no fee, etc.).
In general expect to pay first month up front, 1-2 months of security deposit (normally 1) and a 15% realtor fee (if you use one - can usually negotiate this).
I would recommend using StreetEasy to find a place. I would look for no fee places if you are on a tight budget. Also don’t use a realtor who is just going to show you large rental units (you can find these yourself). If you use a realtor screen the places he/she will show you, since you normally sign an agreement to pay a fee on anything they show you (if you rent it) - and like I said above, there are many places (large rental buildings) that you can find yourself and deal directly with the management company, so you won’t be on the hook for a fee and can also normally negotiate a free month.
Thanks man, appreciate the help. Any areas neighborhoods you would recommend?
Sint sed facere at. Eos sit suscipit eos. Minus est excepturi eos et. Dolores eveniet aliquid repudiandae sed molestias aut quis repellat.
Et voluptate consequatur consectetur vero enim laudantium. Neque voluptatibus voluptatibus eveniet eaque. Aut ut nihil eius laborum. Nesciunt ut accusamus minus dolorum facere quo illo eos. Iusto molestias vero quis vel aut.
Dignissimos est ullam sequi totam laboriosam minima inventore. Aut a natus harum repudiandae quod. Unde id quo impedit quis.
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...