A 450 square foot studio Manhattan apartment, purchased for $235,000 in 2005, becomes an amazing unfolding space. Total construction cost for the upgrade: $70,000. [Read more →]
This morning we launched a new version of the page with full details and images for each apartment listing. Most importantly, this latest design allows for bigger pictures, is easy to scan and doesn’t overwhelm with nonessential info. To get a sense of how this page has evolved over time, here are various snapshots all the way back to our “early days” in 2010. Our page is all grown-up! [Read more →]
Now this is a cool concept that we just had to share. A boutique NYC broker gives renters a gift of an iPad, a 42″ LCD TV, or a $500 gift card, just for renting a $2,500+ apartment through them. That’s one generous apartment-warming gift.
[Read more →]
The NYC rental market is different.
Digging deep into various reports on the state of the city’s housing stock we came away with some interesting statistics…
[Read more →]
Curious how an apartment’s monthly rent compares to similar apartments? We now calculate how each apt compares to all others in the same neighborhood, with the same number of bedrooms, with similar amenities. For example, if you’re looking at a 1 bedroom in Chinatown with a doorman, elevator and outdoor space, we’ll compare it to all other 1 beds in Chinatown with the same amenities. [Read more →]
We’re excited to announce that we’ve partnered with Nestio to bring their helpful app to the thousands of renters that use Naked Apartments every day.
Are you only searching no-fee apartments in order to save money?
We’ll show you how to adjust your rent to account for a 15% broker’s fee. You’ll expand your apartment choices significantly, and spend the same as you would on a no-fee apartment.
Why are there so few no-fee apartments? Two reasons:
1) It’s not easy to bypass brokers because most landlords rely on them to find tenants. They do this because the alternative is expensive. There’s a significant cost for landlords that rent out their apartments directly – staff salaries, advertising, office space, etc.
2) If you’re using a broker, no-fee apartments are only available in buildings where the landlord will pay the broker’s fee so you don’t have to. And unfortunately, for a great apartment, a landlord doesn’t need to pay the fee for you. He/she knows the apartment will rent out without the added incentive of no-fee. (More on why this is the case in a previous blog post.)
So how do you search for with-fee apartments in order to expand your choices, but not spend a penny more than you would on a no-fee apartment?
Try searching for with-fee apartments, but lower your max rent to account for the fee spread over the length of your lease. You may be thinking: “I don’t want a cheaper apartment!” But while you definitely will have to sort through some apartments that don’t meet your standards, you’ll likely come across a few gems that you otherwise would never have seen by searching no-fee only.
78 square foot “Midtown Mansion” that costs $800/month.
Renter: Cecily from North Carolina
Money Lost: $2,600
The scam: 2 BR, Lower East Side
Tell us about yourself.
“I’m from Raleigh, North Carolina, going to school in Tennessee and interning at a fashion company in NYC.”
Why did you decide to live in NYC?
“I always knew I wanted to live here. There’s always something to do.”
What did you expect while looking for your apartment?