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 hunt:The 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

4. How to apartment hunt:When 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 hunt:What 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 month’s rent free. • Make sure you look at several places before making a decision. There are a lot of great places available. • Don’t bother looking at the Trump World Tower until you’ve 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 • Craig’s 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 broker’s 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 Neighborhoods:Manhattan: 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+

10. The Neighborhoods:Manhattan: 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

11. The Neighborhoods:Manhattan: Midtown and Uptown • Gramercy Park, Chelsea, Midtown, Hell’s 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.

12. The Neighborhoods:Brooklyn • 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+

13. The Neighborhoods:New 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

14. The Neighborhoods:Other Options • Queens, Bronx, Staten Island • Westchester County and Long Island

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