The BEST Apartments in New York City!
Manhattan apartments for rent? Sure, they're out there. But to rent an apartment in Manhattan, you are going to need help. Relax! You have just found it. The Real Estate market for rentals in Manhattan is extremely tight. Here in Manhattan, tenants living in rent stabilized apartments rarely move.
Rent prices for free market apartment rentals in Manhattan have been increasing annually at a rate of 20% on average in the last five years. Professionals continue to relocate to New York City in droves and the demand for Manhattan apartments for rent doesn't seem to let up. Competition for renting an apartment in New York is fierce and the landlords call the shots. It is possible to find an apartment on your own, but it is not going to be easy. If you are going to use a broker...
CAVEAT EMPTOR!
The good news is that there really is a company out there that cares, a group of professionals who are really trying to do a good job and provide real service. We break the mold, we're different. We rebel against the "culture of rudeness" which seems to persist in the Manhattan Real Estate game. Finding a home is very important. Renting an apartment in New York City can be very stressful. You could use a little TLC. Give us a call...
Call Now 212 696-1900
New York City Apartment Rental Exclusives: Not Always The Best
Some apartment hunters in New York City will proclaim, "I will only pay
a broker's fee for an Exclusive Broker Listing." They will go on to instruct
their Real Estate Rental Agent "Don't show me any No Fee apartments or
any Management Company apartments."
APARTMENT FOR RENT: It's Not Just About Listings
Technically, all rental apartments in New York City are "no fee". Landlords don't charge fees they charge rent. Rental Brokers charge the fee. So technically all apartments for rent in Manhattan are no fee apartments. Also, most rental apartments in New York City are not "exclusive" listings but "open" listings which you could rent directly from the landlord without paying a Broker's fee. But unless you have the time, patience and luck necessary to get one, you'll be living at Mom and Dad's longer than you expected.
Why "No Fee" Apartments Can Be More Expensive
Firstly, not many landlords in New York need to give an exclusive to rent their apartments. Remember, it's a landlord's market. People are fighting for what few apartments there are out there. New York Brokers are notorious for hoarding listings. Often, they will not share with other brokers and the landlords know this. Manhattan landlords get a broader market exposure by offering their properties on an open listing basis.
They put the listing out there and then proclaim, "Cry havoc! And let loose the dogs of apartment renting!" The much lauded Exclusive Listing actually puts the Broker's client at a disadvantage. This is because when a broker has a signed exclusive with a landlord the broker has a fiduciary responsibilty to the landlord. This means that he is representing the landlord's interests primarily, not the apartment hunter/ client. If the Broker has another client with a better application than yours he is obligated to advise the landlord accordingly. Keep looking!
New
York City Apartments: Why Pay A Broker's Fee
New
York City Apartment Rentals: How To Apply
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(212) 696-1900
and say Hello. It's a great time to live in New York City!