Will rent be higher now or in July 2022?

[Brahdude]

Originally Posted by mojo101

you have to find a local real estate broker/rental agent or read the NYC newspaper/
The ones which offer concessions are the high pricey ones

Why do you say that? Isn’t concession a discount? Also why a local newspaper? StreetEasy is not good enough?

[mathjak107]

Originally Posted by Rent.in.ny

Can you tell me how to find a stabilized apartment?

Almost all rental buildings that are over 5 family are stabilized

[mathjak107]

Originally Posted by LOVEROFNYC

Any building that has more than 6 units and are older ( not shiny and new) are likely stabilized. In Brooklyn places like Bensonhurst, Bedstuy Buswhick will have affordable ones. Queens, Astoria, Ridgewood, Glendale have tons.

If you are going to survive in NYC you are going to need initiative.

Actually it starts at 6 To be stabilized .

There are new stabilized rentals today too .

Rent stabilization requirements ended in the early 1970’s ..

So no building had to be stabilized after that if they were built after 1974 .

The problem was no developers wanted to put up rentals …so not one new rental building was built for many decades that wasnt low income or restricted income in some saw .

Only coops and condos were built except for a few very high end luxury buildings .

So there were programs introduced with high incentives for putting up rentals and agreeing to be bound by the increases voted on by the board .

Develops and investors got back in to putting up rentals again .

Rent stabilized does not mean low rents , as many if not most decent ones are at or near market .market can mean 4k a month but you are stabilized going forward

[mathjak107]

Originally Posted by mojo101

you have to find a local real estate broker/rental agent or read the NYC newspaper/
The ones which offer concessions are the high pricey ones

you can walk in and see the super and see what is available…while all the 2 bedrooms are taken , our building still has one bedrooms and studios available at market but you will be stabilized …we have a pool and tennis courts .

Many want too see who they are getting and screen so they only list with certain brokers who practice a bit of discrimination for them

[Rent.in.ny]

Originally Posted by mathjak107

Almost all rental buildings that are over 5 family are stabilized

Thank you, did not know that.
I thought only some apartments in a building are stabilized, not the whole building.
The building I live in now has 4 units, so market rate

[mathjak107]

Originally Posted by Rent.in.ny

Thank you, did not know that.
I thought only some apartments in a building are stabilized, not the whole building.
The building I live in now has 4 units, so market rate

it depends on the building .

some may have been vacant and the rent exceeded the max which i think may be 2700.00 to be stabilized without the special programs .

some may be coops with original tenants that didnt buy .

others may have only a limited number of apartments that are stabilized

[xray731]

https://www.youtube.com/c/CashJordan

He does 6 videos a week so you can see what's in the different areas as far as entertainment and food and how the prices differ and what you can expect to get for your money.