What does one have to do to secure a $1100 a month apartment in NYC?
I'm sure everyone else wants it.
Get drawn from a rental lottery at random? Offer your first born child? Supplement your rent with sexual favors to the landlord?
I'm sure everyone else wants it.
Get drawn from a rental lottery at random? Offer your first born child? Supplement your rent with sexual favors to the landlord?
I would assume you will start to see short-term/hard-money loans for the 15k as we've seen in the bay area for all cash offers on homes.
It was an older apartment with newly renovated kitchen and bathroom, albeit small. The brokers fee was something like $3000(thought this was ridiculous).
At the time I also found a similarly priced apartment but at last minute for some reason it was pulled the broker said.
I don't think any amount of searching can find such deals now.
I was able to get the apartment by subleasing someone else in apartment in the building. I always paid my rent on time, and caused no issues for the landlord (parties, etc). When a new apartment opened up, I was giving first dibs.
I also had a time in a rent-stabilized apartment in NYC (East Village, probably not far from yours) and the answer of how I got it: luck. It happened to be available when I was looking and I happened to beat everyone else to the seller's agent by physically sprinting with my deposit check in hand.
Then once another apartment became vacant, because you already lived there you were able to regularize your presence by terminating your sublease so you could lease directly?
My local university offers housing for grad students. At least 50% is unoccupied at any time because there is no pressure for them to fill units. That would just be more work. So getting one is tricks and favors.