In addition to the actual drop in rent there are many other factors to consider when looking at overall rental prices. First, with the down economy there has been an increase in no fee apartment listings. This can accounting for a 12-15% savings to the tenant by not having to pay a brokerage fee for an apartment.

Additionally, many landlords have been offering between 1 month free and 2 months free rent on their apartments instead of dropping the price of the rent. The Financial District, (Fidi) has been one of the best areas to secure free rent. A majority of the buildings let by those owned by Rockrose and TF Cornerstone, primarilly 2 Gold Street, 200 Water St, and 45 Wall Street are offering 2 months free rent at nearly all of their downtown buildings along with no fee apartments. Other buildings such as 37 Wall, 63 and 67 Wall (The Crest), 95 Wall and mostly followed suit with similar incentives.

Other neighborhoods that have seen bargains have been Midtown, The East Village and the Lower East Side.

The Upper West Side is a neighborhood we have seen an increase in no fee buildings over the last year or two. There are typically 15-30 available no fee apartments in the Upper West Side depending on your price point at any given time.

You can check out the article on Curbed at http://curbed.com/archives/2010/01/04/rent_too_high_09_manhattan_rental_report_has_the_answer.php

For information on finding no fee apartments and free rental incentives throughout Manhattan please contact us at info@newyorknofeeapartments.com or fill out our form below.

90 West Street is located on the West Side Highway only blocks from all major subways, grocery stores, New York Stock Exchange, Pace University Downtown Campus, Battery Park and Battery Park city. Studios start at around 400 square feet with a few different layouts available.

If you are looking for a no fee studio apartment in the New York City, Downtown Manhattan, The Financial District, Chelsea, Midtown, Murray Hill, UES, UWS, or any other Manhattan Neighborhood please contact us immediately to schedule an appointment to view any of our no fee apartments.

Best 3 bedroom Converted Apartments

200 Water Street:

There are two different 3 bedroom two bathroom layouts.  The Cheapest one is just barely over $3300 Net Effective Rent meaning 3 roommates can split an apartment for about $1100 each.

There are also layouts with a GREAT VIEW of the East River for $3600 net effective rent or $1300 each.  These units are just over $1000 square feet and feature oversized rooms with plenty of closet space.

All rooms have windows and heating/ac units and the converted room has plenty of closet space just outside of the room.

Cheapest Conversion in the financial district under $1000 dollars Each Person:

The Crest currently has 3 bedroom converted apartments for as low as $2750 Net Effective Rent after 3 months free on an 18 month lease.  These are smaller units and one bedroom has no window however a share right on Wall Street for less than $1000 per person is still a great deal for a luxury building with free gym, lounge and a nice rooftop.

For more information or to set up a showing for any of these apartments please call 917-414-7880 and fill out the contact form below.

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.

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.

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 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

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