Living in New York City

1
Living in New York City

• NYU Stern Pre-View April 17, 2005

2
Off-Campus Housing Agenda

• How to apartment hunt
• Finding a roommate
• The Neighborhoods
• Pros/Cons
• Price ranges

3
How to apartment huntThe Best Resources

• Online Listings
• http//newyork.craigslist.org/ (Most widely used)
• http//www.villagevoice.com/realestate/index.php
  (Listings online Tuesday night before published)
• Newspapers
• NY Times (late Saturday night)
• Village Voice (weekly)
• Brokers/Agencies
• www.nofeerentals.com
• www.gonofee.com
• www.nofee.com
• NYU Off-Campus Housing Office
• Apartment listings
• List of people looking for roommates
• Brokers

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How to apartment huntWhen do I start?

• The process can start now!
• If possible, take some time during Pre-View to
  get to know NYC neighborhoods and short list
  those that are most appealing. (Go both during
  the day and at night).
• Come back later this summer and give yourself
  time to look around.
• Listings for end-of-August move-in dates
  generally open up at end of July/beginning of
  August.

5
How to apartment huntWhat else do I need to
know?

• Be prepared at viewings! Always bring your
  checkbook, ATM card, and a photo ID.
• Bargain! The market is soft right now, and rents
  are often negotiable. You can sometimes
  negotiate a months rent free.
• Make sure you look at several places before
  making a decision. There are a lot of great
  places available.
• Dont bother looking at the Trump World Tower
  until youve got your great banking job lined up
  next year or you get cast on The Apprentice.

6
Finding a Roommate

• Look around! Pre-View is a great place to find a
  roommate!
• Admitted Student Website Forums
• NYU Off-Campus Housing Office
• Craigs List, Village Voice

7
A special word for international students

• Landlords will ask you for a larger deposit or a
  few months of rent in advance unless you know a
  US resident willing to co-sign your lease. Find
  someone who will sign for you.
• It may be worth paying a brokers fee if you are
  under time pressure (i.e. spending money to stay
  at a hotel) to make sure you can see the maximum
  number of apartments in a short time period.

8
Off-Campus Housing Agenda

• How to apartment hunt
• Finding a roommate
• The Neighborhoods
• Pros/Cons
• Price ranges

9
The NeighborhoodsManhattan The Village

• Pros
• Location, proximity to school
• Dining and nightlife
• Cons
• Can be expensive
• Price Expectations
• East Village generally cheaper than West Village
• Studio 1400
• 1BR 1600
• 2BR 2000

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The NeighborhoodsManhattan Downtown

• Tribeca, SoHo, Lower East Side
• Pros
• Location (short walk or subway to school)
• Dining and nightlife
• Good deals in Tribeca
• Cons
• SoHo and LES can be more expensive than the
  Village
• Price Expectations
• Similar to Village

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The NeighborhoodsManhattan Midtown and Uptown

• Gramercy Park, Chelsea, Midtown, Hells Kitchen,
  Upper East Side, Upper West Side
• Pros
• Location
• Dining and nightlife
• Cheaper than the village
• Cons
• A bit further from school
• Price Expectations
• Varies by neighborhood great deals available in
  Upper East and Upper West Side.

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The NeighborhoodsBrooklyn

• Williamsburg, Park Slope, Cobble Hill, Dumbo,
  Brooklyn Heights
• Pros
• Tight-knit Brooklyn community
• Cheaper and more space than Manhattan
• Target!
• Cons
• Has risen in price recently
• A bit further from school (though no farther than
  the Upper West and Upper East Sides)
• Price Expectations
• Studio 900
• 1BR 1100
• 2BR 1500

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The NeighborhoodsNew Jersey

• Hoboken, Jersey City
• Pros
• More space
• Nightlife in Hoboken
• PATH trains make commute relatively easy
• Cons
• Getting home late at night can be difficult
  because taxis to NJ can be expensive
• Price Expectations
• Great deals can be had in Jersey City
• Hoboken comparable to Midtown Manhattan in price

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The NeighborhoodsOther Options

• Queens, Bronx, Staten Island
• Westchester County and Long Island

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Questions???
Good Luck,Stern Class of 2007!