» manhattan no fee apartment

Interesting New York Times Article Says Rents are creeping back up

admin — Mon, 26 Apr 2010 15:38:02 +0000

There was an interesting article in the New York Times regarding rent increases in Manhattan and the end of incentives.

I tend to agree with this article, rents starting to creep back up and rent incentives going away. The financial district which had major incentives over the last two years is even starting to scale back. 2 Gold Street one of the luxury no fee buildings downtown recently stated that as of May 1 2010 they are planning to end their 1 month free promotion in the building. Last summer nearly all the buildings were offering 2 months free rent and had a lot of availability in their new tower. Now they are close to fully occupied and the few apartments available move very quickly.

200 Water Street is still providing 2 months free rent on a 14 month lease. I expect this building to be fully leased up by the end of the busy summer season.

I would recommend anyone who is looking to move to try to lock in something good this summer as buildings fill up and the economy improves this may be the last summer to take advantage of these incentives for a few years.

If you or anyone you know is looking for a no fee apartment please contact us at 917-414-7880

Article Link:

http://www.nytimes.com/2010/04/25/realestate/25cov.html?partner=rss&emc=rss

Three Bedroom Converted Apartment in Downtown Manhattan’s Financial District

admin — Tue, 20 Oct 2009 03:48:47 +0000

I showed some great no fee apartments this weekend at 200 Water Street. 200 Water Street has one of the best rooftop’s in a New York Rental Building.

Best No Fee Apartment Rooftop View in Downtown Manhattan

First, 200 Water Street has some of the largest studio apartments in Manhattans Financial District. I showed a Studio over 500 square feet for under $2000 net effective rent.

What really sets 200 Water Street apart is their affordable convertable three bedroom shares. I’ve written before about how great 2 Gold Street’s layout is for conversion. 200 Water Street has similarly large apartments that are great for conversions or shares with more availability and at a lower price.

200 Water Street has 3 bedroom converted apartments for as low as $1150 per person. There are two specific layouts that have spectacular views of the East River, Brooklyn and Manhattan Bridges.

When converting these apartments you will utilize a company that will install a pressurized wall. There are 2-3 approved contractors per building that are allowed to install the wall. The cost for the wall typically runs between 700 and 1200 dollars depending on the size. Additionally the building typically charges $300 fee for the permission to install the wall.

Inventory is constantly changing. Please contact us for the latest updates and availability for this or any no fee apartment building in Manhattan or New York City.

Premier No Fee Apartment Building in Chelsea

admin — Fri, 25 Sep 2009 02:04:35 +0000

The Chelsea Centro is the premier no fee apartment building in the neighborhood. It is an 18 story building located off seventh avenue on west 26th street. It has spacious apartments with large windows and plenty of natural light.

Amenities Include: Two Roof Decks, Concierge, Fitness Center, Valet, and Garage

The Chelsea Centro currently has the following availability

1br Apartments Starting at $2862

2br Apartments Starting at $4445

Please fill out the form below for more information or to set up an appointment to view this building.

Lots of No Fee Apartments Available at 200 Water Street

admin — Thu, 24 Sep 2009 19:39:53 +0000

This was a busy summer for the rental market in the financial district. Two Gold Street was very aggressive with leasing their second tower and for much of the summer this was the prime place to rent. I saw Penthouse units going for $2700 per month Net Effective Rent which is a great deal.

Things have calmed down a bit and although their is still availability I have found the prices have risen slightly. The average 1br apartment is now renting for around $2620 Net Effective Rent rather than $2500 earlier this summer.

200 Water Street is now continuing its very aggressive offers. They have Studio, One Bedrooms, Two Bedrooms, and Three Bedroom apartments available. All except their loft units are very good for shares. The net effective rent for a share can be as low as $1100 per person

For more information on available apartments in the financial district at these or any other buildings please contact me below.

No fee apartments in Manhattan’s Financial District with major move in incentives

admin — Thu, 24 Sep 2009 10:00:35 +0000

Why All of these incentives?

Due to the current state of the economy landlords are providing numerous incentives to lure tenants into their buildings in the financial district.

The financial district has been a growing residential neighborhood over the last 10 years. Numerous commercial buildings have been fully renovated and converted into luxury condo’s coops and rental properties. Tenants will find that there are amazing incentives provided by the landlord to rent apartments in the financial district.

The following are key incentives provided by a majority of the buildings in the financial district.

1. No Brokers Fees: Buildings downtown typically do not charge the tenants any brokers fees. In addition they will typically pay 1 month rent as a commission to a broker that brings a tenant into their office. This fee does not cost the tenant any additional rent and does not cause them to lose any incentives such as free months rent. For example 2 Gold Street which is owned by Rockrose Development is currently providing 2 months free on a 14 month lease whether or not you use a broker to find the available apartments.

2. Free Rent Incentives: Many buildings downtown are providing 1 or 2 months free rent when signing a 12+ month lease. The buildings will provide the free rent credit in a number of different ways. Some buildings will provide either your first or last months free. Many other buildings will allow you to average your free rent into the overall monthly price and allow you to pay the Net Effective Rent. This is essentially a discount however buildings like to keep the gross rent higher for a number of financial reasons.

For a free list of available apartments available with incentives please contact us using the form below.

The Manhattan Real Estate Market is Shifting Towards No Fee Apartments

admin — Wed, 23 Sep 2009 19:31:39 +0000

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.

Avoid the bait and switch when searching for No Fee Apartments in New York City

admin — Wed, 23 Sep 2009 20:03:10 +0000

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.