Expected renewals rates

Oh, also got some upgrades to the space before we moved in that still haven't been rolled out to many new apartments.

next year? why don't you wait for a renewal notice from your landlord before you start this nonsense? we don't even know what you are paying or where you live.

If you are in 300 mercer, they would not negotiate. The deal seems similar to what I had gotten many years back but after than they slammed me with 7-10% per year increase. Frankly, they did the right thing economically for them as they were able to rent the apartment at higher price. Sucker people with good deal and bet that they would not go through the moving pain.

as this move is a minimum of 8 months and a maxiumum of 11 months from now, we don't have a location, original asking rent, size of apt it's a sucker question. and who the hell would worry about it that far in advance?

Thanks 300
Jim, forgive me for being a renter who cares more than 1 year at a time. We are trying to plan. If you have no input on how big landlords handle this then don't comment.
This is a 1 bed+ apartment, 1.5 baths. Decent location UWS

hoodia
3 minutes ago
ignore this person
report abuse Thanks 300
Jim, forgive me for being a renter who cares more than 1 year at a time. We are trying to plan. If you have no input on how big landlords handle this then don't comment.
This is a 1 bed+ apartment, 1.5 baths. Decent location UWS

6 comments

on the contrary, i know the rental market in and out. still you are premature boardering on stupidity. the rental market is highly variable. next march would be too early to give an accurate idea of renewal for two months ahead. you are an anal neurotic. do you plan sex this far ahead?

ugh

what we do plan is how much should we spend on decorating the place if we are staying only 9 months, and should we join a gym outside of the building where we have to pay upfront fees, and if we stay with an increase what does that do to our car budget. Or when we look in Brooklyn should we just buy a place and look at those options.

What do you care if you have nothing to say anyway?

hoodia, I will factor in at least a 5% increase assuming there are not too many empty apartments in your building (doorman will tell you). You may be able to negotiate a bit lower as the stock market is not doing well. This may translate into a little bit lower rent but we are not going back to 2009 panic rent levels. With the rates so low, I would consider buying if you and your boyfriend have long term plans. Sales prices are likely to be a bit more negotiable than earlier in the year. Good luck.

There's a reason Hones is on perma-hide. If you don't like his posts, don't read them. Most posters just ignore.

Meanwhile, it is indeed impossible to fully address your question without more info. I wouldn't spend anything on decorating a short-term rental, unless you are investing in objects that can/will move with you. As for the gym, that's your call. If you join a large chain like NYSC you will be able to transfer your membership elsewhere if you move. Car budget? Not enough info to answer. Buy rather than rent? Personal choice that can only be made with careful consideration of finances and life goals.

Thanks 300 again!! 5% is ok but 10% increase starts to make this rental silly. We definitely have no expectations of 2009 periods (hopefully for us all!) for anything.
Squid thanks also! But things like decorating, this could be a long term (relatively) rental if there is more certainty, but we just don't know and that is the heart ouf the issue, right? Because the rental just isn't set up for long term right now unless we have more information. I want to spend more on the place because we are both there together and this is where we invite family and friends, but obviously don't want to throw money away.

hoodia: the problem is that at present there is no consistency in the market. If the market has not changed from present circumstances in 8 months, you can probably plan on a significant rise considering you got a great deal in a difficult market and you appear to be below market rate at the moment.

Since you have so much time, why don't you spend weekends searching for apts to buy in Brooklyn. Get to know the neighborhoods, the gyms, the shopping, the parks and most importantly the prices. You will either find it to be a good option or dismiss it as a possibility. When you come closer to your rent renewal, you can gage the market conditions and prices. Knowing your options you will be in a better position to negotiate. You also might want to look at rent vs buy threads on this site. Inonada is genius in his evaluations on this subject.

Thanks apt23. I think we got a good deal, not a great deal because we know that some of it was just one time like the free month so our real question is taking what we pay now without any extras, and what they want us to pay in the renewal. Besides who actually gets a great deal living in NYC!

I'm definitely up for the visits to Brooklyn, but the reality is I'm spending time online looking, and occasionally I can drag my bf over there if he doesn't have golf or hunting plans on a weekend. What I'm concerned about despite Jim, is that waiting for the renewal 2 months in advance doesn't give us any time to figure it out if that is when we started looking.

hoodia, that os exactly what is going to happen, no matter how much time you waste here.

if you this concerned, call the landlord and ask them if they will extend your lease for another two years. can't hurt and you may get some information.

You're in a rental building, right? Here is the MO of a properly-run rental building when it comes to renewals.

1) Send you a renewal notice very early, as in 3 months in advance.
2) Ask for an above-market rent increase, but not so much as to make you move.

On the first point, the reality of NYC is that you cannot find a great deal unless you look intensely at the last minute. For condos, you should start 6-7 weeks before move-in. For rentals, 3-4 weeks. The purpose of a renewal notice that early is to force you to make a decision without being able to properly assess your other options. So, the name of the game for you will be to delay on committing.

On the second point, there is no way they'll ask for just a 5% increase. That's 2.5% a year, just inflation. While rents do tend to go up with inflation, their job is to ask something higher but not enough to make you move. If market conditions were equal between the time of your lease and renewal time, a well-run place should ask for a 10% increase. If the market became hotter, then a 15% increase would be likely. And if the market totally tanked ala 2009 with a 20% drop, they'd still ask for a 5% increase.

Note that this all is what they'll ask, not necessarily what you'll have to pay. In 2009, I know a couple were they were initially asked for a 5% increase but ended up at a 25% decrease.

For your planning, I think the market is currently on a little bit of a downswing, but that all can change pretty rapidly. I'd work with the assumption of a 10% increase for planning purposes. But if 5% more or less would make a big impact on you, then IMO you might be budgeting it too tight.

Ok so maybe more context makes sense on our side. We like renting, it gives us flexibility, but we are smart, mobile proessionals and flexibility is good because ultimately we are looking for the right longer term living situation. Renting isn't flexibility if you are stuck in a ever increasing rental. I expect that our deal was at a lower point and all indications are that even though everything in New York isn't great, we aren't of the mindset of 2008, 2009 and early 2010. So I guess we'd expect a fair increase, but I don't know why 5-6% isn't fair. Why would someone rent except for short term flexibility if rental prices increase constantly more than inflation especially with low interest rates.?

Otherwise, starting looking for a rental 3 or 4 weeks ahead is exactly the opposite of what I want. I know someone here thinks thatmakes me uptight, but why would anyone want to leave it so late which means that renting is the opposite of flexibility.

Our budgeting isn't tight at all, and together we do well and split our expenses, but why would we want to pay more than we should, if we can pay less and get something else like bigger space or spend extra on a car and the like.

Thanks for all the input, especially those who are quoting some expected percents.

Hoodia, I am on the same boat with you. We signed our lease in 2009 with 1 month free rent. They took away the free rent for 2010 lease added small increase, essentially increasing our rent more than 10% over 2 years (signed a 2 year lease). Our lease ends summer 2012 and we are expecting another 5-10% increase next year given the vacancy rates.
We want to see our options just in case - just like you, I hate the feeling of not having flexibility and being stuck with a huge increase with few options when the lease expires. We looked into the possibility of buying. With low interest rates, we have been touring neighborhoods and going to open houses. I found that the rent to buy ratio is now tilting towards buying (not always, but some are). The main thing is that you need to have the 20-25% downpayment. We have been getting our papers/money/documents ready, just in case we pull the trigger and buy in spring 2012. We can always continue to rent but buying needs more preparation and we want that option.

hoodia
about 2 hours ago
ignore this person
report abuse Ok so maybe more context makes sense on our side. We like renting, it gives us flexibility, but we are smart, mobile proessionals and flexibility is good because ultimately we are looking for the right longer term living situation. Renting isn't flexibility if you are stuck in a ever increasing rental. I expect that our deal was at a lower point and all indications are that even though everything in New York isn't great, we aren't of the mindset of 2008, 2009 and early 2010. So I guess we'd expect a fair increase, but I don't know why 5-6% isn't fair. Why would someone rent except for short term flexibility if rental prices increase constantly more than inflation especially with low interest rates.?

Otherwise, starting looking for a rental 3 or 4 weeks ahead is exactly the opposite of what I want. I know someone here thinks thatmakes me uptight, but why would anyone want to leave it so late which means that renting is the opposite of flexibility.

Our budgeting isn't tight at all, and together we do well and split our expenses, but why would we want to pay more than we should, if we can pay less and get something else like bigger space or spend extra on a car and the like.

Thanks for all the input, especially those who are quoting some expected percents.

It isn't that it makes you uptight. It is that you are far too premature. Those quoting expected percentages are guessing.

Hoodia, it seemed to me that your budget may be tight because you want to make lifestyle decisions based on whether there'd be (or not be) an incremental 5% increase on your rent, which should be something like 1% of your gross income. Things like decorating. Don't get me wrong -- I like underpaying for sport much more than most people -- but I don't make lifestyle decisions based on small fractions of income.

On 5-6% being fair, it's absolutely fair. But what are you going to do when the LL says they want 10% because they think it's fair? Are you going to walk over 4%? Probably not. So that's what a LL will do.

Now the way this gets corrected over time is that people negotiate, and people move. Others have LLs who do 3% increases because the LL feels that's a better way to run things. I personally negotiate long-term leases (as long as I care to stay in one place) w/ one-sided termination clauses with preset 3% increases. In the past, I've also been in situations with an annual lease where the LL was fine with small increases. If you get yourself that, that's great. However, if you're asking "what should I expect a typical LL to ask because I need to do planning around it 9 months in advance", I'm telling what a typical LL will ask.

"Otherwise, starting looking for a rental 3 or 4 weeks ahead is exactly the opposite of what I want. I know someone here thinks thatmakes me uptight, but why would anyone want to leave it so late which means that renting is the opposite of flexibility."

Like it or not, NYC is not a market where the inventory of apartments to rent is made available to you 3 months before your start date. Your choices are between "renew 3 months in advance of your start date, or take your chances finding something 1 month in advance of your start date" vs. "renew 1 month in advance of your start date when you have had the ability to compare to what's out there". I don't know why NYC has evolved like that, but them's the choices.

Tell me, when you found this place, did you sign a lease 3 months in advance of your move-in date?

Ok well I appreciate the insight from everyone and the estimates even if it seems to be too early to know with good certainty right now.

And yes I think we got a pretty fair original lease with the free month (and a week too), no fees, lower rent, free gym, no increase for second year, and nice improvements before movein that others didn't get even since then. But if the renewal is like the other apartment I mentioned at 9% higher rent, we lose the 4% discount from losing the free month (again we never had any expectations on that continuing) and then the 9% becomes a big jump and both the percent and the amount seem large. But I don't get how we are assumed to be having a tight budget because we aren't. 9% increase though is just under $5000 per year or about $400 per month and that's almost the cost of the car lease. So what do we get for 9% or even 5% increase if the apartment doesn't get bigger or better. I don't believe that renting is "throwing your money away" though my boyfriend kind of argues about that sometimes I think despite that I know he knows better, but an increase above low current inflation and interest rates quite surely does seem like money thrown away.

When we moved here, we did find it 2 or 3 (I forget exactly) months beforehand and the couple that was here before hadn't yet moved out but had already said they were leaving, so it worked out for everyone. If they left at the end of the month, there were 3 weeks to fix things up before we moved it.

Thanks...

u can't predict this far in advance, imo. too many factors. market could implode and destroy wall street in which case u may be able to negotiate a rent decrease. or it could continue along on qe path with infinite bonuses in the city continually driving inflationary rent prices. we all want to predict but the system is built in nyc so that the landlord has an asymmetrical info advantage.

since buying in manhattan means paying more monthly than u would to rent, meaning u decrease ur liquid savings initially (until rent surpasses mortgage payment),

this is what is most important, imo:

what is ur investment return rate? if u don't think u can beat 5-10% annually after inflation with ur cash, ie, it is going into stocks, bonds, etc, then u may wanna buy. u can run the calculators. the rate of inflation of ur apartment rent is important, but the cost of ur capital is much more critical. if u r an entrepreneur and can turn $500k into $500k every 3 years then obviously buying is a stupid decision!

oh i forgot to add- u r basically asking what a landlord's expected rate of return will be 9 months from now which is no different than trying to ask on this forum "how much will spy gain in the next 9 months". u will get a lot of opinions but imo nothing reliable or useful from a monetary perspective.

You know, I'm not trying to predict so much in advance more than to get a general sense of how these renewals operate and if they are typically increasing rates more or much more than just an inflation rate, so inonada (is that serious?) had a point of view that is helpful.

But after a back and forth with my boyfriend who seems more biased towards what he wants than inquisitive, I'm not sure what my investment return rate has to do with anything. Anything we buy will be within our current and reasonably expected means just as our rental is within our means too and the extra increase isn't going to kill us but is going to be a waste of money. So it isn't like buying an apartment to live in in New York has anything to do with the stock market and there are no daily traders or high frequency traders or hedging. But right now, rates are really low, and owners who need to sell are in a weaker position than buyers who want to but don't need to sell.

Big landlords ARE smart like inonada and others have said, and they aren't renting for charity. Even though we negotiated a good deal, there was a limit and we have little leverage next time around - hence what I was asking when I first came here.
Also thanks for the suggestion from columbiacounty in terms of asking, I don't think we'll get anywhere with getting an answer (the rental office is still by the same guy who we rented from originally, so we have a sense of his style) but maybe just asking the question ends up with a note in our file that might preset some negotiations.

At the end, this kind of comes down to our interest in some permanency which doesn't really seem to come with renting, and maybe on the other side of the equation flexibility. As I said, flexibility is ultimately to get something long-term at the right time and yes longer term we'd want something bigger too. But funnily, my nesting instinct should want to be finding something more permanent, and my boyfriend possibly less than me, but out situation is the opposite at least right now. Maybe that is why we aren't yet formally engaged.

Ok thanks again

For some reason, this reminds me of something from childbirth class many years ago. The instructor asked who will be getting the epidural. After everyone answered the question, she said that those who answered "yes" or "maybe" usually ends up getting it. Those who answered, "no" or "probably not" end up not getting the procedure done. Sorry if that doesn't make sense to anyone in this context.

hoodia, this is a thread to nowhere. you remind me of a college freshman asking a professor questions just to hear their own voice. go away, come back when you get a renewal notice.

"but maybe just asking the question ends up with a note in our file that might preset some negotiations."

Yeah, I'd think carefully before showing your hand.

"if they are typically increasing rates more or much more than just an inflation rate"

I think rents are flat currently to the cyclical peaks of 2000. So rents haven't gone up during that period. However, if someone kept track of the average renewal notice during that time from rental buildings, I'm betting it was 5% a year easy. Yet somehow we haven't seen the corresponding 70% increase in rents. That's the game, just be prepared to handle it.

Do let us know where it comes in. Unless things change in NYC's outlook, my money is on 10%.

Anyone else have experience with your rentals renewals to share? At least past experience is a helpful guide for the future even if each experience is unique and point in time is unique.

Thanks

ps, Jim you said you know the rental market in and out but yet had no actual input, experiences or knowledge to share. There were a lot of people who chose to not help, and they did it by not saying anything. Why did you chose to not help but keep posting and trying to insult me as if your personal opinions about me make any difference to me or anyone?

hoodia, here is a tip, since you are craving one so badly: your rent will be higher than it is now when you get your renewal notice. how much is dependant on too many factors for anyone to give you a number. now really, go away.

Jim, you found a friend.

Hoodia, does your rental have a window in the shower? Those apparently are in greater demand after people heard that columbiacounty visited one with a broker.

and to answer your last question: you already see the same line in your building renting at 9 percent over yours. you have asked questions, gotten answers and still asked more questions. which means until you here the answer you want, you will just keeps asking. eventually someone will say your increase shoukd only by 3 percent.

I know an instance where a 1-year lease from late 2010 had a 5% increase asked recently. It has not yet been negotiated as it's so many months in advance still, but past experience with this LL by this tenant is that there is room to negotiate (sometimes lots of room).

BTW, you'd be best to ignore jim_hones10: he's just a troll. He's some loser who was somehow wronged in his own head a long time ago here, and so he has spent the last 2+ years spewing vitriol.

he claims to be a successful rental broker, expounding on the trappings of wealth he enjoys based on his success--his regard for the source of his revenues, renters, is quite low

heed nada--i have to agree with him re playing cards close to the vest with current LL

>heed nada--i have to agree with him re playing cards close to the vest with current LL

Reading through the thread, it looks to me that "heeding nada" means ignoring columbiacounty's advice. Can this happen - ignore Jim Hones, ignore columbiacounty, but listen to inododo and Wbuttocks?

columbiacounty, can you weigh in on this dilemma so the OP knows what to do? I don't want anyone's head to explode.

For what it's worth, this discussion has some fairly important implications on the whole (and potentially much overdone) rent vs buy debate. Just as those advocating for buying (myself included) fail to take into account the cost of renovations and upkeep, the pro-rent folks often neglect to factor in either the rental increase that significantly outstrip inflation, or the cost of moving/brokers fees.

When I made my own rent vs buy calculator I factored in annual rental increases of about 2% based upon the premise that- over the long term- the "real" cost of shelter has inherent upper limits. I totally neglected to factor into account the transaction costs that result in significant LL pricing power.

Two recent actual increases: West Village, 11.2%, negotiated down from a proposed 18%, and Midtown, 7.2%. Both smaller (sub 1,000-sq.-ft.) apartments.

One thing you need to look at is how your given submarket is doing in terms of sales. There are currently few $500K sales deals being done, so the pool of people who live in smaller apartments are generating increased demand for roughly the same amount of rentals -- and rents are zooming.

Conversely, in the submarket of larger apartments that nada watches, more people are buying, so there's less rental demand building, and rents aren't jumping the same way.

ali r.
DG Neary Realty

wbottom, i treatmy clients very well. as regarding my income, i work hard, have a wife that does well, have a sub market rate apt, and my parents have guaranteed my daughters education through her 20's. we dont have any expensive hobbies or habits. you sound broke since (when you arent trying to sound african american). jealous?

You need to find out what the current going rate is in your bldg for your unit type. If your unit is below market and your bldg is fully leased, LL will ask for a significant increase, knowing if you leave, he'll get the market rate from a new tenant. For what it's worth, for leases rolling this year of tenants who signed 2 yrs ago, I'm seeing average increases of 10.5%.

"often neglect to factor in either the rental increase that significantly outstrip inflation, or the cost of moving/brokers fees"

I certainly consider these, and they are pretty minor amounts in the buy vs. rent comparison. For me (individual owners, broker fee to listing broker, no free months, market-tracking increases & decreases as in 2009), they've been around a fixed 4% tack-on to "face" rent (i.e., no compounding). I imagine you get to a similar number if you do the rental building thing: no broker fee, a free month, increases outpacing inflation by a few percent until you reset to market after a few years.

It's a pretty minor amount, equivalent to a 0.25% difference in interest rates. Fiddling while Rome burns IMO -- I don't think anyone is really arguing over a 4% difference in cost in rent vs. buy.

about 4 hours ago
ignore this person
report abuse "often neglect to factor in either the rental increase that significantly outstrip inflation, or the cost of moving/brokers fees"

I certainly consider these, and they are pretty minor amounts in the buy vs. rent comparison. For me (individual owners, broker fee to listing broker, no free months, market-tracking increases & decreases as in 2009), they've been around a fixed 4% tack-on to "face" rent (i.e., no compounding). I imagine you get to a similar number if you do the rental building thing: no broker fee, a free month, increases outpacing inflation by a few percent until you reset to market after a few years.

It's a pretty minor amount, equivalent to a 0.25% difference in interest rates. Fiddling while Rome burns IMO -- I don't think anyone is really arguing over a 4% difference in cost in rent vs. buy.

looks like nada is going to get rid of the OP by boring the shit out of her. guess i can't argue with a result by whatever means.

Guys, a quick update, seems like the rate for a similar line is down from a couple months ago, and I guess that could be the season or a couple floors down from the listing before. No incentives though :(

Hoodia, for what it's worth, I think you are thinking too much about the actual rent increase. This will be completely unknown until a couple of months before your lease expires. If the building has a few apartments available already, they will give you a good deal hoping that you will stay. You cannot know what will happen with your rent (or in the entire mkt) 8 months in advance.

That being said, I am shocked that you are so focused on the rent increase. You said you can live with 5% but, if it is 10% you would move. If that amount of an increase bothers you that much, then I think you should consider moving anyway. The bigger question is: WHERE DO YOU REALLY WANT TO LIVE LONGTERM? It is nice that you are mobile professionals, but where will you be happiest longterm?

I am sure you would get a better deal in Brooklyn than in Manhattan. But remember that if Manhattan rents increase in 8 months, so will Brooklyn... So, the bottom line is where do you want to live...

ALSO NOTE: I live in an upscale bldg with a small gym, doorman, etc. in Columbus Circle. I have a 750sq ft one bedroom and know what other apartments go for in my bldg, and I definitely have a very good rent, but that is because I vigorously negotiate the renewal every 2 years. I expected mgmt to give me a huge increase this year, but I just got my new renewal notice and they are asking 5% for a 2 year lease (before negotiating). I think they are nervous about the market and are trying to keep steady tenants just in case... The reason I am telling you this is because I, too, expected a 10% increase and was surprised. So you do not know what will happen until you hear from the landlord. So, focusing on the increase now does not make sense. Instead, just focus on where you want to live.

I should

>>>ince you have so much time, why don't you spend weekends searching for apts to buy in Brooklyn.

and wtf-- pull the goalie while you are at it.

No renewal notice yet though we see that listing rents for our building here are up some 20% and not as many vacancies.

We saw a new neighbor move in late Fall at a good rate, but totally different today.

Anyone seeing similar? I think it is too late for us to be buying now for this year.

wow 20% higher than last year? What hood are you located in/

hoodia
about 6 hours ago
ignore this person
report abuse No renewal notice yet though we see that listing rents for our building here are up some 20% and not as many vacancies.

We saw a new neighbor move in late Fall at a good rate, but totally different today.

Anyone seeing similar? I think it is too late for us to be buying now for this year.

With all that hand wringing 7 months ago now it's too late to buy for this year? Jesus, what a terrible waste of time.

20% ? Exactly, which hood are you in ?

hoodia
about 7 months ago
ignore this person
report abuse Thanks 300
Jim, forgive me for being a renter who cares more than 1 year at a time. We are trying to plan. If you have no input on how big landlords handle this then don't comment.
This is a 1 bed+ apartment, 1.5 baths. Decent location UWS

the stupid whore OP mentions it early in the post. i guess "streeteasier" and "renterjoey" are too fucking dim witted to actually read anything but the last comments. fuckfaces.

str33teasier
2 minutes ago
ignore this person
report abuse 20% ? Exactly, which hood are you in ?

renterjoey
about 4 hours ago
ignore this person
report abuse wow 20% higher than last year? What hood are you located in/

reality sucks huh fellas?

so huntersburgboner....do you think rents are going up 20%?

columbiacounty
about 10 hours ago
ignore this person
report abuse so huntersburgboner....do you think rents are going up 20%?

go ask w67 if you can suck his dick.

20% seems amazing. Maybe you should put them on the "shitlist".
My prediction, stated 12 weeks ago on SE was rents up 4-6% for long-term non-rent regulated tenants and new leases and younger tenants see increases of about 10%. I didn't specify prime Manhattan but that's what I meant.
I have no POV on rents in Columbia County, sorry.

20% ? Exactly, which hood are you in ?

UWS. Think it's the same downtown, we have several friends renting there too.

We are staying. It's too much hassle to move right now and it seems vacancies are low including in our building. I took a taxi to work and the taxi tv was talking about average rent going up 6.5% from first quarter last year and up to average $3400, though I wish that amount and that percent applied to us, our building seems to a premium and that's mainly true how the building is maintained and what types of professional people and families live here.

By the way, I've heard from one of doormen that a bunch of people are not renewing. Since its 60-90 days out, maybe we'll start seeing moveout activity at the end of this month or next month. Life goes on.

We were lucky. The building is seeking ridiculous increases on new rentals.

They are only ridiculous from your perspective, you twat. For the owners, it's getting more return on investment.

You are a really pleasant guy, you know?

Would it bother you to know that people like me advise owners to offer high renewals too encourage turnover, so that they can get an even higher rent?

The actually solicit this advice.

People like you being total jerks, or something else?

Welcome to Streeteasy. Jim hates renters.

Hate is strong. Has little respect for because he works closely with owners is more accurate. But i do hate hoodia. And you

We were worried and our worries came true: We paid $4250 for our 2/2 on a two year lease that expires at the end of August. Renewal offer (one year only) in the mail today: $5100

Lol! Move or stay?

@cliff702, are you going to negotiate?

The more of you assholes that move the better off I am. Move Cliff, Move!

another day, another anonymous streeteasy loser ^

def negotiate. 20% is pretty steep increase. factor in the cost of paying the a$$wipes such as this guy above 15% which is almost 2 months rent in a case you decide to move.

Cliff702, your apartment sounds like stevejxh's at the Ellington. Anybody remember what he was paying before decamping last year?

I'm surprised they let you have paying guests when you're not there: http://streeteasy.com/nyc/talk/discussion/31621-mid-august-real-short-term-rental

assumign you have to take $5100/m on your currrent place, if you move and have to pay the fee of 15%, you breakeven if you can find something for roughly $4435/month for 1yr or $4765/month for a 2yr rental.

move cliff move!

Quite a conundrum cliff. Burbs looking more appealing? Wondering how this happened? Feeling strangled at 220k per year?

NWT and others: It is the Ellington and our third apartment in this building - so obviously we like the building, the apartment (fireplace and view), the staff, location.
No negotiation - we asked today. They want us out and have a crew ready to renovate.

Lol. Where too cliff?

Bet you went there because you didnt have to pay a broker right cliff?

Cliff, in all seriousness, you are well below market, even with increase.

So why was the last price on 20c 4800?

And 27a was 4575.

And 19a was 4450?

And 20a was 4495.

Because you are dumb and believe streeteasy cunty.

Hey cunty, look at your post fro. 3 month ago to me. Are people reporting 20 percent increases?

So everything on se is wrong or just these listings?

Fuck you cocksucker. Meet me in carl schurz in 30 minutes. 88th st.

Is the data right or not?

Fuck you cocksucker. You tell me.

Does the Ellington have windows in the shower? If so, I'm sensing justification for a BIG increase.

so which of yours is gonna to clarify whether all the data on SE is wrong or just these listings?

http://www.rosenycapts.com/No-Fee-Rental/The-Ellington.aspx

OUCH CUNTY WRONG AGAIN!

Not only is a lot of the info on Streeteasy incorrect, it is also terribly incomplete. But I have been saying that for years.

would you say that most of the data is incorrect?

columbiacounty, isn't a bit ironic, given your life and career, that you are now seeking to point out incorrect data?

columbiacounty
20 minutes ago
Posts: 10408
Member since: Jan 2009
stop ignoring this person
report abuse

would you say that most of the data is incorrect?

Read stupid. Or go all pedantic about the difference between most and "a lot".

Incomplete and incorrect both. The market moves to fast for any public website to be even close to accurate.

But sure, brokers are going to disappear any day now right?

the only problem is that you still haven't substantiated what is wrong with the SE data. what a surprise.

only that is incorrect. management company website show's no available listings. my own database shows no available listings. and se shows available listings.

a child could understand this, so it is no surprise that you do not.

how does that change what the previous places rented for?

>how does that change what the previous places rented for?

How would you know what the apartment actually rented for? Seems to me that the renter would know, the owner / management company would know, and if there was a broker involved that would be another party.

There's no public filings for rentals. And rental data is valuable, so why would it be provided for free to another party? Columbiacounty, your hatred of Jim is blinding you to very obvious logic as well as facts.

Move cliff!