https://my.matterport.com/show/?m=YS6t8TCAEKX

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This is a price matrix for quick reference to figure out the average broker fee in NYC that you will be paying for a rental apartment

The NYC rental market is so complex that craigslist NYC even has its own sub filtering sections just to help users filter through the thousands of results.  It's called craigslist NYC apartments for rent by owner    

One of the most commonly used filters on craigslist NYC rentals is the 'by owner apartments only' option.  It is so popular that it generates 1000 search terms a month so users can shortcut to the results directly through google instead of browsing (also the main reason behind this blogpost).  Why is this search term such a popular option?  Simply because broker fees have consistently been very expensive.  We are talking about a one time fee anywhere between $3,000 to $7,000 based on todays rent prices.  It is no wonder why everyone and their grandmothers want to rent directly from landlord owners.    

Craigslist NYC Apartments For Rent By Owner Is An 'Okay' Option But It Comes With Flaws

• Not all landlords and property managers have the time or patience to manage posting daily onto the site.  Craigslist, like Facebook and Instagram, allows free open postings where older posts continue to get pushed downwards as new listings are posted.  A new post quickly gets stale.  So if a landlord isn't getting enough leads off craigslist even though it is free, they give up because time is worth more.  This reduces the amount of real actual available inventory and what remains is our next point

• Fake listings that are posted by brokers or scammers.  There are so many postings on craigslist you start to get dizzy.  It is very difficult to trust the listings because it is an absolute free for all of open postings.  There are horror stories of unsuspecting renters getting scammed out of thousands or last minute broker fees charges coming up.  It defeats the purpose of the original filter because the spam isn't enforced well enough.  You wind up paying a broker fee anyway. 

One Great Alternative To Craigslist NYC Apartments For Rent By Owner Is Transparentcity.co  

transparentcity.co is a marketplace for no broker fee buildings.  The site connects renters directly to property managers bypassing the broker fee 100% of the time.  It is only possible because there are no open postings and the websites to landlord property managers have all been researched and validated.

• Browse without worrying about someone posting scams

• Browse comfortably knowing it is impossible for fake information to seep through

• Browse knowing no broker will be in contact with you

Transparentcity isn't perfect.  There are private individual landlords who continue to post availabilities on craigslist to fill their vacancies because it is a free tool to use to advertise their listings.  We are talking private individuals who may own one apartment unit or one building who have no need to market their listings too frequently.  There are absolutely hidden gems in there but it's hard to sift through to find that needle in a haystack. 

Beware Of The Broker Bait And Switch

NYC Renters are often skeptical about apartment listings posted by brokers in general because there has been years of accumulated distrust.  The simplest form of distrust is often whether or not a listing is even real because often it is not.  We've outlined general skepticism in a separate blogpost.  But as you start an apartment search with your furry friend, you can't leave it up to chance that the listing information is fake.  Imagine you're about to sign a lease when all of a sudden you find out that pets are not allowed?  Then what? 

Check out this example where the broker hid the fact that the tenant was bringing in a pet to the apartment.  Fortunately it didn't escalate to the point where the management forced the pet out of the building even though they easily could have.  

The Key Is To Find Proof

The only way to 100% believe anything is to get proof, see the sources of information or hear directly from the source.  If a broker is listing an apartment on behalf of an owner, there is an opportunity for the broker to fake information on the listing in order to close a deal.  More often than not, you give the broker the benefit of the doubt but what if you fall into the unlucky group of people?  How do you actually get proof?  If you're looking to rent in a condo or coop, can you force the broker to reconfirm with the landlord/owner that they allow pets?  To be 100% certain, you should always try to get confirmation.  As for no broker fee building property managers, the proof is on their websites where they list their availabilities.  They explicitly say they allow pets.  We compiled a list of examples of the variations of proof on property manager websites saying they allow pets. 

Rockrose

$21,500 for 2 Bedroom 2.5 Baths per month

800 Fifth Avenue (62nd and Central Park East) by Urbana Properties

Photos Of The Apartment And Building

The Details

Urbana is even providing an incentive to rent directly from them by providing one month of free rent on a 24 month lease.  If you look closely at the fine print, you'll notice the incentive will be given away to brokers if they bring you in.  Poof, there goes $21,500!

Very few people can afford to pay $21,500, let alone a $21,500 broker fee, making it the most expensive apartment in NYC.  If you're interested in more affordable renting options like the majority of us, check out transparentcity.co where at least we can help you save the thousands of dollars in broker fees.   

Discuss industry trends with younger crowd moving into co-living and how it will get segregated as they get older into the no fee builidngs.  

Show statistics here about co-living occupancy rates and where the co living buildings are located.  

Check out our website here: transparentcity

The Yorkville neighborhood on Manhattan’s Upper East Side, snarled until recently by Second Avenue subway construction, is on the rebound.

One of Manhattan’s more inconspicuous neighborhoods despite its size — it sprawls between 79th and 96th Streets from Third Avenue to the East River — Yorkville has myriad types of housing, including high-rise rental complexes, co-op towers, new condominiums, townhouses and apartments in former tenements.

Its roughly 78,000 residents are a hugely diverse group. These days the area is drawing large numbers of young people, including young families, as well as retirees seeking more value for their dollar, according to real estate agents in the area.