1. As someone else said, many listings here in Manhattan are open listings so you could be seeing the same one from multiple brokers.
2. If you're looking at listings more than a week old, perhaps even newer, many of those will already be rented. You should know that just because an apt is rented does not mean it will be removed from whatever source you are looking at.
3. If you're looking for a studio under $2500, there probably are a large number to choose from. But if you're looking at one BRs at 2500, what the reality is is that they are pretty much all walk ups. And there will be even fewer true 2 BRs at that price.
4. The rental business in Manhattan can be a little less than honest. You will see postings for apts that don't exist and never did. These are bait and switch deals. Beware!
I moved from CA about 3 years ago. If I can help you, please call me at 310-951-8993.
You may find a lot of apartments but probably they will only meet 2 or 3 aspects. In some case you can find listings in locations that are too far from the subway or in areas that are not recommended, you may also be surprise to see the size of those apartments and perhaps the condition of the building, specially if you don't want to live in a walk-up building on the 5th floor.
For all the reasons explained above is always a smart idea to work with an experienced real estate agent and a reputable real estate company...because at the end of the day you don't want quantity...what you need is quality of live and quiet enjoyment in your new home. Keep in mind that you always get you pay for.
If you have the time to explore those "good deals" consider that a valuable learning experience.
If you need help finding the right apartment in the most timely and cost-effective way, I will be glad to help you in your search.
It is your good luck! And good timing. The market slows down this time of year and the Upper Eastside has a good amount of inventory to choose from. You can find a nice studio with renovated kitchen & bath for about $1850. A one bedroom for around $2200 these are ballpark numbers and if you need a doorman or other amenities the price will go up accordingly. The Upper Eastside is not as fashionable as downtown at the moment - south of 23rd street you will find studios in the $2800 - $3000 range. Good luck and if you need help in your search feel free to contact me.
That said, not every apartment finds it's renter instantly. There may be pet restrictions on the apartment or unduly high qualification standards, or the landlord may not accept guarantors. And some apartments are just plain overpriced and the landlord will have to discover that before reducing the price to a realistic rental price.
So all of these are reason why there appears to be plenty of apartments at any given moment, when in fact, just days later, all of them will have been rented and a new crop of apartments will be on the market.
I highly recommend that you take a look at RDNY.com's excellent rental guide, The Essential Guide for Smart Renters. You can find it here; http://www.rentdirectnewyork.com/rentingguide/Welcome.html
The traffic of renters is hugh. The volumn is great and everyone needs it by next week 'cause they couldn't find something suitable when they started looking on the internet 10 days ago. Now they turn to brokers. Maybe even after they've been burned by losing out on the "perfect apt."
My best suggestion. If you're question is because you have an imminent move happening, get yourself a broker when you hit town ASAP. Make sure you have 2yrs of your taxes, letter of employment, a few paystubs, perhaps a letter of intent to employ (if such is the case) and a recent Bank statement showing copius liquid assets. Couple that with a healhty budget and you may be a lucky winner. And yes, be prepared to pay a commission. Best of luck to you.
1) Source of information. Nothing is more critical when you are searching for listings. The best option is to use provider/website that:
- constantly updates the data, removing expired listings,
- prevents agents from keeping outdated listings in active status to increase exposure and create more traffic,
- eliminates scam, like was mentioned before.
But because it is nearly impossible for the big platforms to do, you get a lot of misleading information. As a result, you will spend hours on the phone sorting through the listings. And that explains why those who value their time prefer to work with the real estate professionals who have access to the databases and can save them a lot of time by providing accurate information to start with.
2) Your search parameters/price. When talking about scarcity of the inventory in Manhattan most of the people use time as a basis for comparing - they look at the inventory today vs. in the past. If then you were able to get dozens of listings on the UES under $2,000, today you will only get few at this price. Because supply of the $2,000 apartments was limited and demand was still high, the owners increased the price of the units to $2,500. So when talking about scarcity, you always need to consider pricing factor. After all if you search for $5,000 rental on UES, you'll get hundreds of the listings ;)))
Hope that helps! ;))
- Some of these listings may not be available immediately but a month or two from now.
- Some may have rented but still linger on the internet
-The idea is not to find an apartment, but to SECURE an apartment.
We do it all the time here at CItiHabitats.
In this market, it is best to work with a broker, they will save you Money, Time and Energy.
A good broker will know the policies and the requirements of a landlord.
Good Luck! We process many transaction a month and we do it swiftly.
Licensed Real Estate Associate broker
I can help you find one if you like.
Licensed Real Estate Salesperson