Wednesday, May 23, 2007

Looking for new housing...

Some of you have already looked for housing in NY before. I was lucky in the beginning of the MBA to find an apartment in NYU housing at Stuyvesant Town, but now they are raising the rent to the SKY!! So, I'm searching for a new place...

I'd like to share some of the lessons I learned by looking for housing:

1st lesson: unless you are very lucky, you won't find a nice 1 bedroom apartment (looking new, good space, amenities etc.) for less than $2,800 (this is as May 2007). Maybe, you will find a good studio for less than that...

2nd lesson: the best option if you are looking for a good space in a nice building is to look for something outside Manhattan, like: Roosevelt island, New Jersey, Brooklyn.

3rd lesson: don't forget that any broker will cost you 15% of your annual rent. ALWAYS ask if the apartment has broker fee or not. Some of them can charge you 12%.

Well, those are my lessons so far... Feel free to add your comments here!

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