nyc apartment hunting | touring 8 apts (with prices) 

I agree

same

SAME! That corner in the living room was everything

Agree, 7 looks much better and cozy number 8 bathroom was just not it that weird orange color for that price is not it

Hello, I'm General James Charles McConville from. Quincy, Massachusetts, United States, I'm presently in Ukraine helping with Heavy war machines, weapons, Are you from the states?🇺🇸

Thank You for that, I did not know this.

This is no longer true. They did pass legislation banning broker’s fees, but the real estate lobby sued and the ban was overturned in 2020. Broker’s fees are still legal in NYC.

@@georgiasmith7615 there’s no limit on brokers fees. There’s a limit on tenants only being able to pay first and security up front, and not several months of rent to secure an apartment which was mentioned in the video and is illegal. There is no cap on brokers fees. I’m very familiar with NYC tenant laws and I am a native.

It can be a bit confusing though because typically they tell you how much the broker’s fee is in terms of the rent. I paid the equivalent of one month’s rent as the broker’s fee on my place so maybe she was just confused as to what they meant. I don’t see how tenants are being protected if you still have to pay a lot upfront

@@georgiasmith7615 it depends on what type of apartment you’re looking for. In NYC there are also “no fee apartments”. There is technically still a fee that’s “baked” into your rent. No fee apartments can be better for budgeting because you can more easily filter based on your budget. Renters can choose to look for “no fee” apartments instead of paying standard one months rent (15% of annual rent is typical right now), but competition is fierce for no fee apartments and many people are bidding over asking. The protection was that once you pay x months or a year up front tenants would lose all leverage if someone went wrong and would have to take their landlord to court to get their rent money back, which is lengthy and expensive. No landlord is just going to give a tenant back their money, and this can leave renters is really bad positions monetarily if they find they need to vacate an apartment if it becomes uninhabitable. You can legally withhold rent by putting it into escrow as a way to get a LL to make repairs. If a renter doesn’t have credit, they are sometimes better off subletting (many people will just confirm income) or paying a guarantor company than paying 4+ months rent up front.