A few questions (Amsterdam: sublease, apartments, rentals)

[justaskin]

This forum helped me out A LOT when I first came to NYC. Now that my lease is up for renewal, I was hoping you guys could help me out again.

First a few things, I'm a medical student, and definitely need to be near a subway line, considering I have to be at my rotations usually by 5:30am/6am.

Here are my questions:

1) So I've been living in Midtown in a small studio for 1450, my lease is up (7/31) for renewal and they increased my rent by 100$, is that normal? Are prices going up again? She basically said no way no how can I get her to lower the rent. which blows. Should I stay? I have to say yes or no by 6/30.

2) If i dont stay, is it easily possible to get a lease for 9 months for under 1450 some where else in the city?

3) theres a place im somewhat interested in around the 145 St line, they'll give me the apt for 9 months for 1450, but is that area safe? esp for those early days (5 am)?

My only issue with looking for apartments is that I'll be working 5 days a week and almost one weekend day out of every week until July, so I can't really look that much.

Any and all help would be greatly appreciated. thanks in advance!

[bluedog2]

To save 100/mo for 9 mos you are willing to put yourself through the aggravation of looking for a new place,the hassle of moving and maybe moving from midtown to 145th st ??? Is that what you are saying or did I miss or misunderstand something?
If that is what you said I think you are crazy.Just stay where you are unless you have a really good reason to move.

[ladyjay114]

1) So I've been living in Midtown in a small studio for 1450, my lease is up (7/31) for renewal and they increased my rent by 100$, is that normal? Are prices going up again? She basically said no way no how can I get her to lower the rent. which blows. Should I stay? I have to say yes or no by 6/30.
Unfortunately that's normal. My rent went up $100 two years ago. Prices on rentals are increasing, particularly in Manhattan, because demand is increasing again. You can try to negotiate rent, but honestly, its going to difficult since it looks like your landlord will find another tenant to pay the higher rent. If you want to stay depends on you. Do you like your building and your neighborhood? Are the amenties so good its worth the extra cost? Will you find something better (or worse) if you try to find something cheaper?

One major question you should ask: Is the cost of moving worth the move? Factor in the 1st month rent, security deposit, brokers fee, moving expenses, and rent differential going from one place to another actually saving you money or costing more than you think!!!


2) If i dont stay, is it easily possible to get a lease for 9 months for under 1450 some where else in the city?
It is, but depends on where, and if you can find it. Would you be open to a sublease?


3) theres a place im somewhat interested in around the 145 St line, they'll give me the apt for 9 months for 1450, but is that area safe? esp for those early days (5 am)?
What's the cross street? 145th and what????

[justaskin]

The problem is that I'm a student and 900 bucks has to come from somewhere.
But you're right, when you say it like that it doesn't sound too bad, I'd have to ask my parents to help me out, which I'm sure they'd be able to do.

Thanks.

/end thread.

[justaskin]

Originally Posted by ladyjay114

1) So I've been living in Midtown in a small studio for 1450, my lease is up (7/31) for renewal and they increased my rent by 100$, is that normal? Are prices going up again? She basically said no way no how can I get her to lower the rent. which blows. Should I stay? I have to say yes or no by 6/30.
Unfortunately that's normal. My rent went up $100 two years ago. Prices on rentals are increasing, particularly in Manhattan, because demand is increasing again. You can try to negotiate rent, but honestly, its going to difficult since it looks like your landlord will find another tenant to pay the higher rent. If you want to stay depends on you. Do you like your building and your neighborhood? Are the amenties so good its worth the extra cost? Will you find something better (or worse) if you try to find something cheaper?

One major question you should ask: Is the cost of moving worth the move? Factor in the 1st month rent, security deposit, brokers fee, moving expenses, and rent differential going from one place to another actually saving you money or costing more than you think!!!


2) If i dont stay, is it easily possible to get a lease for 9 months for under 1450 some where else in the city?
It is, but depends on where, and if you can find it. Would you be open to a sublease?


3) theres a place im somewhat interested in around the 145 St line, they'll give me the apt for 9 months for 1450, but is that area safe? esp for those early days (5 am)?
What's the cross street? 145th and what????

thanks for being so sweet and answering, it was 145th and Amsterdam.

I already have a lot of money invested in this property deposit wise, and I don't think I could bring up first/last/deposit up right now.

I was so worked up I didn't think and sound all this out.

Sometimes it just takes someone saying it back to you for you to realize the bigger picture so thanks!

[TurtleCreek80]

If you are in a rent-stabilized building (which covers many properties under $2,000 or so in monthly rent), there is a local board which votes every year the % the rent can be raised the following year. You generally get a letter in the mail in the springtime saying for a 1 year lease the increase is 3% or so and for a 2 year it's 4.5% (or whatever, better than paying the 1 year increase twice).

So yes, the landlord may have a legal ability to raise your rent by a certain %. 7% seems a little high, but who knows.

[justaskin]

the building itself isn't rent stabilized, there are units in it that are stabilized though. at least on my lease it said not stabilized.