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Old 02-24-2007, 05:15 PM
 
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Any one have any ideas on how much a 3/4 bed flat/apartment will run in Manhattan?
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Old 02-24-2007, 07:36 PM
 
Location: Journey's End
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If you are thinking of rentals, your choices for a 3-4 room flat will be limited to some of the older pre-War buildings on the West Side of Manhattan, or on/near Park Avenue on the East Side.

Apartment living in NYC is generally around 1-2 bedrooms.

As for cost, I think you might be looking at over $4,000; but I haven't been pricing anything for awhile and not that large, so this might be vastly underestimated.

If you consider another borough, perhaps Brooklyn, you'll possible find some townhouse/brownstone apartments with that many bedrooms. But, here, too I expect you'd have to pay upwards of $3,000 per month.

You might better serve yourself by contacting a realtor who can find you some accommodations that size and within your price range.
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Old 02-25-2007, 09:16 AM
 
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thanks! I figured that was roughly the price range so that is very helpful!
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Old 02-25-2007, 05:42 PM
 
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Rents right now are WAY over that...take a look at the NY Times real estate section online. I thought you said you had two boys - and you need FOUR bedrooms? BTW, rent doesn't generally include electricity, cable TV, gas, but does include heat. Depending on the building, it may or may not have central A/C. So you'd need to figure in that cost, as well.
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Old 02-26-2007, 09:41 AM
 
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I just spoke with a broker and we were looking at an average of 7k range for West Village for a 2 or 3 bed ... ugh and I thought London was pricey....
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Old 02-26-2007, 11:18 AM
 
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It very much depends. It varies so much, it is almost impossible to give a number. You could find a 3-bedroom in a walk-up tenement for $3,000, or you could pay $6,600 for a 1-bedroom in a luxury high-rise with doorman.

There are so many factors, so many different buildings and so many types of rent...
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Old 02-26-2007, 12:25 PM
 
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how much is it you ask???......................................
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Old 02-26-2007, 12:27 PM
 
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how much is it you ask???

WAY TOO MUCH!!!
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Old 02-26-2007, 06:55 PM
 
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Rents have really gone up in the past three years even as sale prices have skyrocketed. Not only in Manhattan (which is out of reach unless you are earning in the six figures), but in the 'other 4 boros' especially in most of Queens & Brooklyn where 2 bedroom apartments are now well over $2,000 a month and a 550 square foot one bedroom in a 'tenement walk up building' will likely range between $1,500 - $1,800 a month in a neighborhood like Astoria.

Don't forget that in order to rent an apartment anywhere in NYC or the suburbs you almost always need to use a broker that charges 15% of the annual rent and the rental process & getting approved in more extensive than applying for a mortgage in any other region of the country. If you have any type of credit issue or a FICO score lower than 720 you will almost certainly need a guarantor.

$3,000 a month will get you a small one bedroom in a walkup building on the Upper East Side east of second avenue where you have a long walk to the subway. Forget about living downtown or any trendy neighborhood of Manhattan unless you can afford at least $5,000 a month in rent..
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Old 02-26-2007, 06:58 PM
 
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Quote:
Originally Posted by aminlon View Post
I just spoke with a broker and we were looking at an average of 7k range for West Village for a 2 or 3 bed ... ugh and I thought London was pricey....
Don't forget that this broker will charge a fee that is 15% of the annual rent or close to $10,000 just to get someone to sign a lease for this $7,000 a month rental. But many of these $6,000 - $8,000 rental apartments are being quickly snapped up by many of these wealthy recent college graduates who in many cases are living rent free because their parents pay the rent in full (along with their credit cards)
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