6 Comments
 

You should be living with roommates if you are an SA or analyst. Studios are prohibitively expensive.

I think you will have a ton of difficulty getting a no fee apt at that price, unless you start looking early and get really lucky.

Beware on Craigslist of apartments listed by brokers- 95% of the time the apartment doesn't actually exist, they just want you to use them as a broker. They will end up showing you shit out of your price range.

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Trying to find a place without a broker will be very hard. Most of the places on craigslist are a bait and switch - when you go to actually look at the apartment, it will "no longer be available" and they'll try to show you something that costs more and is generally a worse apartment. Either 1) bite the bullet and get a broker or 2) try nybits.com for actual no-fee apartments.

 

That is not realistic at all.

If you live in or around NYC try hard to not use a broker or find one that offers no fee. If you live outside NYC you will pretty much have to use a broker, bite the bullet, and pay 10 - 15% or annual rent as a fee (sucks). Like others said, look into living with roommates. If you really want to live alone you can look to outer boroughs or UWS, UES studios and may be able to find something right at or around your price range.

Craigslist is for suckers.

 

I got one for my SA for 1400, Upper East Side studio, no roommates, no broker, nothing wrong with it but maybe for a light sleeper a little bit noisy, off of Craigslist. Easiest thing in the world. Just keep hustling till you find someone who is legit and trying to sell. Helps if you're clean and normal because other clean and normal people will only want to sublet to someone clean and normal :p

 
Best Response

Just look in the by owner section on craigslist.

Got a JR 1 BD on 10th Ave, fifth floor walkup, 14 foot ceilings and roof access for $1950. It was a bit below market.

Rents have gone up since I rented in November, but you should be able to find something.

-Don't forget that those old brownstones are rent stabilized so your rent doesn't go up by more than about 5%/year. -Below market apartments typically rent the day they're listed. -Landlord links is useful; Craigslist is useful (just google the company you rent from) AVOID BROKERS. -Typical minimum pretax incomes are 40-50x monthly rent.

To get below market rent, you need all of the following: 1.) All documents lined up. Including copies of DLs, landlord references, employment letter, bank statements, brokerage statements, and a credit report. Organized neatly and professionally 2.) Nonretirement savings and cash in excess of 1-2 years' rent. 3.) 50-60 months income from a stable job or a willingness to put an entire year's rent on deposit. 4.) A clean haircut, a clean shave, professional attire, and a smile. 5.) A cash or cashier's check for the deposit. MANHATTAN LANDLORDS DO NOT ACCEPT PERSONAL CHECKS. 6.) Show up the evening of the listing.

To rent at the market, you need about 2/3 of that. Given that your employment situation is a little sketchier, you absolutely need to show up and look like a sophisticated renter and have everything lined up.

 

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