UES / UWS Rental Question

reprinted -

AVOID BROKERS AND THEIR FEES - GO DIRECTLY TO THE SOURCE OF YOUR RENTAL NEEDS. BROKERS TEND TO TAKE YOU TO SEE THESE NO-FEE APARTMENTS FIRST AS THEY EARN 100% OF YOUR 15% BROKER'S FEE. HUSH...HUSH... THEY WILL NOT TELL YOU IT'S A NO-FEE RENTAL PROPERTY :( NOR WILL THEY REPRESENT THAT PRIOR TO SEEING THE APARTMENT. SO IF YOU NEED TO RENT, CHECK OUT THE RENTAL PROPERTY MANAGEMENT WEBSITES AND CALL THEM FOR UPDATED LISTINGS. SAVE YOURSELF THAT 15% TO BUY YOURSELF NEW FURNITURE OR HAVE A MOVE-IN WELCOME PARTY FOR FRIENDS AND FAMILY. PLUS FREE RENT IS NOW COMMON -- 1 - 2 months!!!

Excellent “BIG-TIME” Manhattan Rental Property Management:

Rose (www rosenyc com)
Related Rentals (www relatedrentals com)
Equity Residental (www eqr com)
Rockrose Management (www rockrosenyc com) [mostly chelsea, village, financial district, downtown condos]
Sky Management (www skymanagement com)
Glenwood Managment (www glenwoodnyc com)
BLDG Management Co. 115 E 92nd St New York, NY 10128 (212) 722-4931
Brodsky Management, Inc (www brodskyorg com)
Maclowe Management (www macklowe com) [condos below 60th street]
Urban Associates – 400 W 59th St # 3, New York, NY (212) 245-1870

ny bits

also -- go to buildings in the hood of your choice and call the posted numbers -- I would NEVER pay a broker fee in this market .. and if they tell you its no fee -- it just means that you gave the free

what manhattan fox is forgetting are a handful of major ues and uws landlords who DO NOT ALLOW RENTERS IN WITHOUT BROKERS. fortunately for the renter, they are paying the commission. manhattan fox has a one track mind.

Yes -- by all means, I have a one track mind--- skip the fee to a broker. "fortunately thay are paying the commission.. Bullshit! You pay by foregoing your free month or two of rent!

Enjoy your new home without paying for the middle man. Also, find the buildings you like -- and contact landlords directly -- no fee. Win - win; save for the broker...

Show me ONE building that would refuse to lease directly -- without a broker!!! HA -- skip that "handful of landlords"...

sounds like jim hones is a broker --

ps

thats over 100 buildings that you have no access to foxy, and i could easily add to that list if i bothered to put more thought into it

i am absolutely a broker, thats why i know what you don't.

"So fuck off"? I will let Pan Am and Manocherian know what high caliber brokers they have in they protected rental class... LOL

yes, fuck off. call them now, please and tell them somone anonymously told you to fuck off for being a know it all.

I am not being a know-it-all... I am giving a possible renter a list of no fee (no broker required) buildings --- where they can maybe even get free rent on top of that. Keep scratching in the dirt. SE has many brokers who are high quality. Ali, West81, etc. You are not one of them.

you don't know anything about me, except that i cursed at you on streeteasy. you are giving a renter a very incomplete list of (generally overpriced) landlords they can see. so, really, you have no clue about the rental market. don't pretend that you do

"1. Is there a sweetspot at which value gets greater for the price, or is it something I'm imagining? If so, what do you think it is? "

SSLL, yes there is, and I think you're right near it. $2900, $3k is what I'd say for a one bedroom. I've seen TONS of inventory, particularly on the UES, in the $2-2200k range for one bedrooms. Tons of it, and there are people who seem to want these apartments. But I've seen fewer looking to trade up, and stuff that used to be like 2-3x has been closing the gap. That gap is the "disposable imcome" gap imho... I've seen supernice stuff under $3k that used to be $4k. I think thats the area that folks don't want to stretch in right now. So, yeah, take a look at that higher range, and you might find some really nice relative value.

> 2. Any suggestions for nice rental buildings that meet this price range? A doorman would be great,
> but it's definitely not something I'd be obsessed with.

I know the UES has a ton of smaller landlords who own like 200 apartments apiece. Its been a while since I had the names, but they're the ones you see on the small signs on buildings you'll see walking the side streets. One of the bigger ones has an E. 5 minutes of walking, and you'll see a bunch of these. And they're mostly no fee, and willing to negotiate with "good tenants". You might also be getting into the management company area at that price level. Maybe not the top tier, but maybe the second tier. rockrose, cccnyc.com, etc.

nybits.com

all no-fee apts, whether broker shows it to you or not. Good luck.

All,
Thank you so much for your thoughtful comments. I'm definitely feeling smarter than I was a couple of hours ago. And I'll definitely be hitting the pavement this weekend.
Somewhereelse, I'm keying in on your comment regarding a $2900 sweetspot. Would anyone mind suggesting a couple of buildings (east side or west side, preferably in the 80s or 90s) that would fit this criteria- a nice building that would have been more expensive a couple of years ago? It would be a stretch for me, but I'm willing to step up a bit if there's value there.
Would the Melar on west 93rd fit this? What about 808 Columbus? They both seem to list out at around $2900 or $3000.
Thanks again everyone. I really appreciate the help.

Go with the The Melar--a block from an express subway, and block from Equinox. Nice building, nearly new.

SSLL: You may want to take a look at the Paris. Quieter than the Melar, and some apartments with Western exposure have stunning views. And the prices quoted on the web site (likely negotiable) are right in line with the sweet spot that somewhereelse suggested. One of my regrets in life is not taking an apartment with a large west-facing terrace in that building a few years ago. The price was a little outside my comfort zone at the time, but I could have afforded it. What I learned from that experience is that distinct apartment rentals like that don't come along all too often in NYC.

Anyway, here's the link:

http://www.theparisnyc.com/

Another source to try is urbansherpany.com which also lists apartments by neighborhood, number of bedrooms and price range. I find that some no fee UES buildings are listed on nybits.com and others on urbansherpany.com and sometimes there is an overlap.

Archstone is another excellent no-fee resource. We are very happy with their management.

http://www.archstoneapartments.com/

archstone advertised on nybits and urbansherpny

The current apartment at $2900 at the Melar is actually in a great spot noise-wise. I wouldn't worry about that. There's just one line that seems to be bad in the building (F on lower floors), otherwise the apartments are sealed up pretty good.

The north exposure of the apartment we're talking about isn't great, though.

almost forgot... www.rosenyc.com

great thread

All of the above listings seem to be quite far north ... any thoughts on locations between 60 and 79th St???

And rose ALSO advertised on the two websites...

I want to say thanks to the SE community for helping me find my next apartment. After hours and hours of browsing NYT rentals, I gave up and was willing to pay a broker's fee. I told the brokers up front exactly what I wanted; but they took us to "garbage" properties that had none of the things I was looking for. After emailing several managing agents (all of which were listed on this thread), my handsome boyfriend suggested visiting the leasing office directly - and voila.

That 2900 apartment in the Melar has been on the market for a while. We looked at it and passed because, for the size of it in this market, it's overpriced. They wouldn't some down. Love the building though. Gym costs extra but it's very nice.

I also looked at that apartment. I liked it also but also thought it was small.
Someone earlier on this thread mentioned the Paris- does anyone here have any experience inside the building as far as disruptions related to the renovations? The building seems quite nice but I've lived through building renovations and harbor a healthy fear of them.
Thanks again to everyone on this for your assistance. Greatly appreciated.