Apartment rentals New York with NYC Rental Apartments

Photo Source: www.realtytrac.com

New York City is on top of another real estate list, no surprise. The list of top 20 worst counties in America to be a landlord, surprise!

New York City renters are hoping that Mayor de Blasio will follow through with his campaign promise of a renting freeze. The NYC Mayor will be appointing the nine members that make up the Rent Guidelines Board (RGB). This board decides how much regulated rents will increase per year.

Finding an apartment to rent has often been portrayed as one of the most difficult things to do in New York City. Many a television sitcom has capitalized on the theme of New Yorkers navigating their way through the supposedly murky rental market here; a motif which has now become accepted as fact by many newcomers to the city. However, what is important to realize is that such horror stories of apartment searches are usually caused by a lack of preparation and readiness in securing the ideal apartment. If you're willing to put in a little time, planning, and preparation, then finding an apartment in one of Manhattan’s neighborhoods won’t be strenuous.

 When it comes to the ordeal of moving to a new apartment, most if not all of Manhattan’s residents utter a collective, frustrated sigh as they ponder the various inconveniences that go hand-in-hand with this undertaking. This could of course be due to the fact that in New York City a host of extra complications arise, whether one is moving into a new luxury rental or a condominium, including but not limited to: street-cleaning restrictions, regulations concerning the use of the apartment building’s elevator, and of course, the oft encountered, always dreaded narrow doorways, most often associated with pre-war buildings. As Susan Stellin explains in her NY Times article, moving has, if anything, become even more complicated, transforming what had previously been an annoyance into an almost full-fledged problem.

Deja vu? Maybe a little bit. But while regular readers of the Luxury Rentals Manhattan already know about the end of the renter's market for Manhattan rental listings -- in part because we wrote about it a few weeks ago -- it's impressive to watch the evidence of the Manhattan real estate market's recovery continue to pile up. Impressive, and maybe just a little bit depressing -- as we wrote earlier this month, the NYC rental market is at its most renter-friendly when it's at its weakest. A stronger rental market means fewer concessions and other goodies, and makes sought-after no-fee apartment listings that much tougher to find. But while the most recent report from The Real Estate Group New York offers a vivid example of just how far the Manhattan rental market has come since the dog days of 2009, it's not quite as bad for renters as it sounds. There are still good deals to be found for those searching for Manhattan rental apartments. It just makes the search that much tougher. So, now that the soothing is over, what does the report actually say?