This post is part of a series that highlights my move and eventual new adventure, aka life, in New York City.
I was in NYC Monday – Wednesday of this week looking for an apartment, and I have to admit, it was quite an experience.
Prior to starting the search I tried to prep myself on how small (and expensive) the spaces were going to be, but I was still a bit taken back.
The Hunt
At the end of the day Monday I’d looked at eight or nine different places, and of those only one seemed to stand out. It was slightly discouraging, but I kept my head up and stayed positive.
My broker had a couple good apartments for me to look at in Downtown Brooklyn (One subway stop from Manhattan) and they certainly didn’t disappoint. Unfortunately, the prices of the two apartments rivaled what could be gotten in Manhattan, which is what ultimately made me not choose either apartment.
After looking at the two Brooklyn apartments I asked the broker (who rocked by the way) to set up an appointment for me to go take a second look at the second apartment we’d seen the day before. It was in the Financial District, a couple blocks from the Trade Center site, and the only apartment that really seemed to peak my interest.
It had a couple unique characteristics compared to everything else I’d seen, and the location was ideal because it’s close to virtually every subway line in the city. After taking a second look I opted to put in an application and was thankfully approved. Having housing secured is a huge relief!
40 Times & Documents
There’s one aspect of NYC apartment hunting that might surprise you. Let’s say you’re looking for an apartment that cost $1,500 (and that’s on the low end – 400 sq ft if you’re lucky) per month. In order to be eligible to rent the apartment you must make 40 times the monthly rent. So in this example, you’d have to make $60,000 a year to even have the option of renting. If you don’t make 40 times the monthly rent you can use a guarantor, but they have to make 80 times the monthly rent.
And then there are the documents. You have to have pay stubs, bank statements, a letter verifying employment and tax returns. NYC has a lot of unique qualities, and apartment hunting is most definitely one of them.
New Blog?
All and all it was an eye opening experience and probably one of many stories I’ll have to share about NYC.
Speaking of stories, I’m heavily considering starting another blog (have name ideas?) that allows me to share my random NYC experiences with you without cluttering this blog… stay tuned for that.