New York City Luxury Rental Blog Archives for July 2013

Looking for a Roomie in NYC?

Moving in and out might be an exciting experience but it’s also tiresome, and when it is in New York City, that experience can turn into a real brainteaser. As the average rent in the city keeps rocketing, so does the number of people living with roommates. 

Chelsea’s 101 West 15th Street Now On the Market

Chelsea’s 101 West 15th Street Now On the Market

In a city that seems to be teeming with singles, there is some contradiction in the fact that it is often hard to find accommodation in New York City that’s specifically catered to unmarried folk, or even couples. These New Yorkers aren’t looking for a towering penthouse or a sprawling three-bedroom residence—they’re just looking for a compact, cozy space in the city that they can call home. However, such apartments are often hard to find, which is why 101 West 15th Street’s arrival in the rental market is probably going to be seen as a godsend by many of the city’s singles and couples.

The G Train's Impact On The Brooklyn Rental Scene

The rental market keeps blooming throughout Brooklyn and so does the number of subway riders. In Williamsburg for instance, the number of commuters has gone up almost 45% at the Lorimer/Metropolitan station. Hence the need to improve transportations with the G train probably being the next target. 

Yes, There (Still) Are NYC Apartments Renting for Less than $3000/Month

Yes, There (Still) Are NYC Apartments Renting for Less than $3000/Month

Apartment hunters in New York City let out a collective groan earlier this month when a new survey on the city’s rental market declared that the average rent of an apartment in the city has reached a whopping $3,017 per month—that’s three times the average rent of an apartment in America. Once again, it is the city’s low vacancy rates that are being blamed for this meteoric rent rise, with landlords taking advantage of the high demand to shoot up the asking prices of their apartments.

But all is not lost—at least not yet. As hard as it may be to believe, there are still apartments on the market that are asking for rents less than the current average in the market. We went through our extensive database to find out apartments that have asking rents of less than $3,000 a month, and we have listed below some of our favorites (read as: the least expensive picks) from that select collection of available apartments.

The New Normal: NYC's Average Rent is Now Over $3000 Per Month

Image Courtesy of WNYC

It's certainly no secret that the cost of living in New York City is outrageous. The food, the entertainment, and worst of all, the housing, are no doubt albatrosses around the necks of city-dwellers looking to take advantage of everything the city's splendors. And, according to a recent report from the real estate research firm, Reis Inc., sustaining one's ideal lifestyle is now harder than ever. The not-so-shocking report states that, for the first time during the second quarter, New York City's average rental rate has surpassed $3,000 and has reached a whopping $3,017 a month.

Coming Soon: Rent Increases for NYC’s Rent-Regulated Apartments

Coming Soon: Rent Increases for NYC’s Rent-Regulated Apartments

Tenants of rent-regulated apartments in New York City will soon have to write out larger checks to their landlords—the Rent Guidelines Board recently approved an increase of at least 4 percent in the rents of the million or so people who currently live in rent-regulated apartments across the city. Starting October 1st, one-year leases for rent-regulated apartments will see a rent increase of 4 percent, while two-year leases will see a rent increase of 7.75 percent.

Chelsea Park Fully Leased in Just Ten Weeks

Chelsea Park Rentals

Time is of the essence when you are looking for an apartment to rent in New York City—the sooner you move, the better your chances of snagging a home for yourself. In a city that is notorious for its shortage of inventory, new apartment vacancies don’t last very long on the market—just look at Chelsea Park as an example. This new, 204-unit luxury rental building located at 260 West 26th Street started putting apartments on the market only ten weeks ago—and now it is fully leased out.

Just in Time for Summer: New Rentals Pop Up in New York City

Just in Time for Summer: New Rentals Pop Up in New York City

If you have been looking for a rental in New York City, it’s safe to assume that the recent upward spiral of temperatures in the city hasn’t exactly been conducive to your apartment hunt here. After all, who wants to walk around in this weather checking out apartments! But wouldn’t it be great to have someone tell you, in the comfort of your own home, about ALL of the great new luxury rentals that are now available in the city?