Hello Readers, StuyTown is not offering incentives to rent except free WiFi at the time of this update. On the upside, this may change. Please reach out to StuyTown for their latest offerings. This article was originally published on 09/03/20.
Sure, renters can find great apartment deals in Manhattan since rent prices have dropped to 2011 levels (below $3,000!). But when it comes to getting the biggest bang for your dollars, Stuyvesant Town, more commonly known as StuyTown, is upping the ante. The building complex is offering over-the-top incentives to attract new leases. That’s pretty incredible when you consider the 100,000 applications it received for 11,000 apartments shortly after it opened in 1947. What is it like living in StuyTown? Renters can expect a strong sense of community — not to mentioned beautifully renovated units. Here’s everything you need to know about one of Manhattan’s historic neighborhoods.
What Is StuyTown?
Maybe you’ve heard of the complex before, but don’t know much about it. Here’s a rundown.
Its actual name is Stuyvesant Town-Peter Cooper Village. The complex was a post-war housing development for World War II veterans. It provided the opportunity for vets and their families to live in a park-like environment bursting with greenery.
The complex covers an incredible 80 acres and features 110 buildings on Manhattan’s east side going from First Avenue on the west, 23rd Street on the north, Avenue C on the east, and 14th Street on the south side. The buildings south of 20th Street are typically called StuyTown. Here you will find smaller apartments initially intended for soldiers. The buildings above 20th Street are often referred to as Peter Cooper Village. There you will find larger apartments initially intended for military officers.
Today, the complex features a mix of rent-stabilized and market-rate apartments ranging from studios to 5-bedrooms. The complex also takes part in NYC’s affordable housing lottery. It occurs roughly once a year and is open to people who meet specific income and household size restrictions.
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Standard StuyTown Amenities
StuyTown has many amenities you’d expect to find in other large residential buildings in NYC. There are three workout facilities, on-site parking, a concierge service, a children’s play area, and a shared outdoor space. But, there are several other offers you’d be hard-pressed to find in another complex.
For example, it has its own farmers market, a co-working space, private cafe, a 24/7 safety team, an ice rink, basketball courts, bocce courts, 15 playgrounds, and a giant lawn dubbed “the Oval.” Fun fact: It’s the largest park setting outside of Central Park in Manhattan.
But one of the best amenities is the sense of community StuyTown has created. It has an excellent neighbor initiative, which is when residents come together to volunteer. There are outdoor movie nights on the lawn, dog meet-ups, and other regular events. Last year, a party was scheduled to celebrate the 30 centenarians who live in the complex.
Contributing to the sense of community found at StuyTown is the complex’s COVID-19 Financial Hardship Assistance Program, which is available to all residents until the end of the year. The program offers residents experiencing financial challenges as a result of COVID-19 the option to defer rent, enter into customized payment plans, and use their security deposit toward rent. Regarding the latter, it was the first landlord to do so before city and state requirements kicked in. Additionally, it waived late fees, terminated amenity fees, and offered residents the opportunity to break their lease.
There are several ways to get to and from StuyTown. The L Train is available at 14th Street and First Avenue, while the 4, 5, 6, N, R, and Q trains are at Union Square. Plus, the M14A and M14D buses take you crosstown. There are also CitiBike stations on-site, and the East River Ferry is at 20th Street.
StuyTown Is Offering Once-in-a-Lifetime Deals
On the fence about StuyTown? These incredible deals may win you over.
- One to three free months of rent, depending on the unit size and lease length.
- One year of free WiFi, and cable with premium channels.
- Electric, gas, water, and heat are all covered in your rent. Pay a $24.94 monthly fee per A/C unit.
- 10% discount on furniture rentals through The Everset.
- Zero security deposit for those who qualify.
Just think: You could get a 1-bedroom for roughly $3,100 a month, net effective, or a 2-bedroom for around $3,200. That’s pretty good, considering the median asking rent in the nearby East Village is $3,200 a month.
Whether you’re looking to rent or to buy, find your next NYC apartment on StreetEasy.