Manhattan is still one of the only markets in the entire United States where a tenant sometimes has to pay a broker fee.  Before Craigslist became so popular it was a very difficult process for a tenant to find an apartment without paying a broker fee.

Craigslist has provided tenants the ability to search various listings and make direct contact with landlords and management companies without having to pay a broker to gain access to their exclusive inventory.

Is that the end of real estate brokers for Manhattan Rentals?   Hardly…

The best part about the shift in the market place is that it has forced the brokerage community and many landlords to adapt.  This in addition to the poor economy and softer rental market has caused many Manhattan Landlords to start paying the real estate broker’s fees as an incentive to bring them tenants.  Landlords in the financial district of New York like Rockrose Properties have been paying the brokers fee for years.

Just today I searched for 2 bedroom apartments on Murray Hill and the Upper East side which historically were very competitive and almost never offered to pay a fee to a rental broker.  I was able to find 22 apartments in my client’s price range including luxury doorman buildings that are corporately owned, small walkups, and even a few privately owned coops listed through real estate brokers.

This is a great convenience for tenants

You may ask,  if the apartments are available on craigslist why would someone still use a broker?

Manhattan is still a fast moving market with hundreds of listings coming on and off the market daily.  Tenants can utilize a real estate broker’s experience and expertise to drastically reduce their search time to find what they are looking for.

A broker who has experience in a neighborhood will help guide a tenant through the many buildings available in Manhattan.  A good broker after showing 1-2 buildings at most will be able to get enough feedback to tailor the future search to units that are a good fit for the perspective tenant.

In conclusion, Craigslist has been a great benefit to the real estate business in a number of ways.  It has provided more inforamtion to the tenant to make an educated decision and has also allowed the real estate agent and tenant to work together saving the tenant money and finding an available apartment.

It should come as no surprise that finding an apartment that fits your needs in Manhattan is a very tough job.  There are literally thousands of choices, you can look at numerous apartments without finding one that meeds your criteria.  Even worse, if you’re looking for a no fee apartment, your odds of finding the right one just go down from there.  It can seem very overwhelming at times, but if you know some secrets from the pros, you can find a good, well priced apartment in no time.

Finding an apartment, particularly a no fee apartment in Manhattan, is so overwhelming that most people use a broker to find one.  If you give a broker the location, the type of housing that you want, such as a brownstone, elevator, walk up, or any other specific type, and the fact that you only want to find a no fee apartment, they should be able to find your apartment and set up a showing with the greatest of ease.  NewYorkNoFeeApartments.com can provide you a list of available apartments and a broker who will find you a great deal without having to pay a fee.

How are we able to do this?  Many landlords are starting to offer commission and finders fees to a broker who brings a qualified tenant.  This allows us to work for you free of change and receive our payment from the landlord.

Only about 20% of available inventory of Manhattan Apartments are no fee.  This fluctuates depending on the time of the year and the neighborhood.  Neighborhoods like the financial district of Manhattan have many no fee options.  The Upper West side for example has less available no fee apartments typically.

Don’t rely on Craigslist or Kijiji to find your next apartment. A lot of those listings are just brokers looking for leads to find a person willing to pay their 15% fee, and you will not get access to the actual place to live until you pay them their fee.

Please fill out the contact form and let us help you find your next apartment.

This has been an exciting summer renting apartments down in the financial district.  Two Gold opened their second tower bringing a lot of available inventory to the market and providing great deals for tenants.

This is an amazing building with an indoor pool, amazing rooftop bar with view of both the Manhattan and Brooklyn Bridge as well as the Statue of Liberty

The apartments are great for shares.  There one bedrooms will convert to a 2 bedroom for roughly $2500 per month net effective rent.

The F line as well as the 03 line in the original tower also convert extremely well as all three bedrooms have windows and heating units.

The new tower is almost fully leased and this weekend will be the best chance to lock up a great deal in this building.  2 Gold is still offering 2 Months Free on a 14 month lease and is 100% no fee.  I would be happy to explain the current inventory and set up an appointment to view this building anytime this weekend.

Please call Jack Krupey at 917-414-7880 or e-mail to info@newyorknofeeapartments.com

95 Wall St is a great newly renovated building with tons of ammenities.  This building has tons of ammenities such as gym, concierge, valet for laundry/dry cleaning and parking available.  This no fee apartment building includes a stackable washer/dryer in almost every unit.

The indoor outdoor roof terrace and lounge is a great place to relax and read a book or enjoy the spectacular views of new york city.

After the free rent promotion prices for studios start in the low $2000s and shares/conversions can be as low is 1300 per person.

Currently there is a promotion where the building will provide up to a $1000 credit towards putting up a pressurized wall to add an additional bedroom to any unit.

For an updated list of availabilities please contact Jack Krupey at 917-414-7880 or fill out the form below.

37 Wall Street is a great building located in the heart of the financial district.  I’m not just saying that as a webmaster, this is the building I live in.  It is pretty cool to live less than 150 feet from where George Washington was Inaugurated at Federal Hall.  Federal Hall is now a museum that has various presidential exhibits rotating monthly.  37 Wall Street is also located less than 1 block from the New York Stock Exchange.

Various apartments are available in the building with Studio Apartments Starting at $2100 and 2 Bedroom with offices that can convert to flexible 3 bedrooms or even 4 bedrooms are also available and top out at around $4600 per month.  

Amenities include washer/dryer in many of the units, granite counter tops, stainless steel appliances including dish washer.

Full two story gym with free weights and machines.  5 treadmills and 3 elliptical machines.  Fitness room with nightly classes

The lounge includes two pool tables, a ping pong table, 3 plasma Tv’s and a full Movie Screening room available for free use or to rent out for private events.  

For a limited time I’m going to offer an incentive to our members!!  

If you rent a unit in 37 Wall Street using our site as a referral between now and July first we will pay your moving expenses. (Up to $500 Dollars)

If you rent any other building on our list and use one of our recommended real estate brokers you are eligible for up to $100 credit towards your move! 

You can stop in to visit 37 Wall at any time 10-7 on weekdays and 10-4 on weekends.  You must say that you were referred to the building by “John Krupey” to qualify for the up to $500 in moving expenses.  

I would be happy to answer any questions related to live and ammenities in the building as I do live there.  

Please feel free to e-mail info@newyorknofeeapartments.com

The Financial District has many great buildings with awesome ammenities and incentives for tenants to move in.  There are 10+ no fee buildings in within a few blocks in the financial district.  Wall Street along has four buildings within two blocks that have great deals 1-2 months free rent and other incentives for tenants.

The Gold Street/John Street area has another group of buildings that are all no fee.  2 Gold has its grand opening next week of the second tower.  This would be a great time to check out the newly available apartments in this building known for having one of the best rooftops in the city.  

For More information and a list of available no fee apartments in the financial district please fill out the form below.

Studios in Luxury Buildings Starting at roughly $2000 per month