New York, New York, it’s a helluva town! As long as you can afford it. The latest tallies show that rents are still through the roof in the wake of COVID-19 — marked by high prices and low in…
, a 23-year-old sales agent at Keller Williams NYC, who’s spent the last three months with her roommate trying to find a two-bedroom Manhattan apartment within 20 minutes from Grand Central. Even though they’re willing to spend up to $3,700 per month, the issue of Manhattan’s low inventory has become a big hurdle — and they have yet to ink a lease.
“As soon as an apartment is posted online, you’re basically done,” said Tuckman, adding that even when quickly emailing to schedule a viewing for it, “there’s already another applicant.” As a result, and in order to find an apartment to share, the two have already made sacrifices. They’re now fine without a dishwasher, without laundry in the building — and even once considered a sixth-floor walk-up. Now, they’re looking for a third roommate, which she predicts should open more doors to available units.
“It’s a game at the end of the day, which is really unfortunate because it’s a house,” she said. “People need a place to live and yet nothing’s helping.”Getty ImagesNYC renters wage bidding wars for basic apartments with sky-high asks The crush of prospective tenants seeking housing has also kept inventory at shocking lows city-wide. Across Manhattan, Brooklyn and northwest Queens, a total of 9,103 units were available to rent in May. Last May, a total of 35,429 rental units were on the market in those three areas — and it was around that time a number of localsfor upgraded units for the same price, or even less, than what they paid before.
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