Pay no mind to the response of someone who has no concept of New York real estate. Obviously your question falls under the catagory of "Rentals in the east village."
No fee means there are no brokers fees to be paid. It also means you would be renting directly from the landlord. I will say this, grab it. No fee rentals are notoriously difficult to find now as we are at the height of the summer rental season.
Lastly, where did you find a rental for $409 in NYC? that is truly a find. Good luck.