Apartment rentals New York with NYC luxury apartments

Within NYC luxury real estate, it is often quite difficult as an international student to find a luxury rental apartment. It can be hard for most students, as well as many others without a long work history or established credit, to obtain a luxury apartment lease. But for international students searching through NYC luxury real estate listings, it can be even more of an ordeal, simply because they do not have the same opportunity to use a guarantor. Susan Tsang, for example, is a PhD student in biology who was born in Hong Kong. When she moved to NYC to attend school, she did not have any U.S. employment history, and therefore was in a position where she needed a co-signer. However, because her parents still lived in Hong Kong, she was confronted with a number of challenges, as dozens of landlords refused to allow for international guarantors. She was eventually able to find a studio in Manhattan’s Upper West Side neighborhood, but not before she was forced to deal with the roadblocks a great many foreigners have had to circumnavigate.

When one thinks of the benefits of living in a luxury apartment building, one of those benefits is inevitably having a doorman. However, we at Luxury Rentals Manhattan have touted the benefits of not having a doorman in Manhattan -- and it seems the NYC real estate world has begun to agree with us. In the past two years, the desire for Manhattan luxury rental apartments in doorman buildings has significantly decreased. Perhaps the most obvious reason is the fact that New York City has been experiencing an historic economic downturn, therefore forcing many people to choose other, less expensive options. But this is not the only reason. The changing demographics within NYC, namely the increase of labor within the technological and creative industries who have different tastes have also played their part, causing a perfect storm of events leading to this dramatic decline in the desire for Manhattan luxury apartments in doorman buildings and possibly the beginning of a new trend within the NYC real estate market.