The Reality Of Apartment Hunting In NYC | What You Can Get For $4,000 Month
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- Опубліковано 5 чер 2024
- Welcome Back! It’s that time of the year, come apartment hunting with me in NYC. In this video I tour, 4 NYC apartments, compare prices, locations, and amenities to show you what the New York City rental market is REALLY like.
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► Timestamps
0:00 - Intro
1:12 - Apartment Requirements
2:10 - Apartment 1 [The Margo]
4:20 - Apartment 2 [461 Dean St.]
7:29 - Apartment 3 [189 Schermerhorn St.]
10:12 - The Reality Of Apartment Hunting In NYC
11:30 - Apartment 4 [Haus 25]
12:59 - Outro
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New video! Thanks for stopping by what apartment was your favorite??
Very insightful 👍🏿💯👍🏿
Save money and buy house ! You much think about the future ! Life goes up and down. Thx
haus 25 is giving with the amenities! but i don’t have a fave yet either
Great video! Can you keep sharing your apartment hunting videos as you look in NYC/NJ (or even if you’re looking exclusively in NYC only). Andrew’s commentary is great, he has such a realistic and sound view of the apartments being offered for the $. Keep it up!
My favorite was the first one you saw. Wish you the best in your hunt.
As a born and raised New Yorker from Manhattan 105th St. moved to NC was the best thing I ever did. Making NY money but live in NC I have 200 acres with two homes on our land. And my mortgage, yes mortgage is $1800 a month. My down payment was $20,000. Again, two homes, 200 acres of woods, I rent the land out to hunters every year from Sept. to April to hunt, $350 per person, for 4 hours and I rent out the second home. And I work in Tech, from home. The insanity with these prices is insane.
You are so intelligent 🧠🥰 keep going gurl
4000-5000 a month is insane… there needs to be serious rent control
Hear hear!
I agree! There should be more affordable housing
rent control = low rent tenants
The city council tries to put a limit on how much the rent can go up in some buildings like 2-4% over like 2 years . But when rents are reaching 6K and up 2-4% is still really high . It's an on going battle here .
There are definitely cheaper apartments available. The fact that she wants an elevator and a washer dryer kind of limits her to more expensive newer luxury buildings. In Brooklyn you have a lot of houses and brownstones divided into apartments which obviously don’t have elevators. I live in Williamsburg/ Greenpoint. There are relatively few buildings with elevators. The only ones are brand new luxury buildings which are crazy expensive. You can find decent one bedrooms for around 3000 or so but no elevator or laundry. There are many laundromats around so not a huge problem. The buildings aren’t that tall. So you only have to walk 2 or 3 flights. Downtown Brooklyn is crazy expensive and not even a cool neighborhood.
I knew NYC was expensive but oh my god it's gotten worse since the pandemic! Almost $5k for a one bedroom apartment is absolutely ridiculous. The third apartment's upfront cost are equivalent to half the amount of student loans and for limited amenities is not worth it. I hope you and Andrew find a good apartment that works for your budget and style.
Apparently there were great deals during the pandemic. Then everyone and thier dog came rushing back and demand skyrocketed.
One of the many reasons I will never live in NYC
Definitely cheaper apartments but they may not have an elevator and laundry.
What's even worse is that the salaries people are making are not keeping up with these increasingly expensive apartments.
Landlords thought they were cute with the Covid deals then as soon as things stabled out, they doubled the prices of rent
This takes real dedication. I’m a born and bred New Yorker and it’s time to bow out for me. I refuse to RENT a luxury shoe box when I can be putting $5,000 a month towards a mortgage for a 4,000sqft home with a backyard! Working from home has been a Godsend. I love New York but it isn’t worth it for me anymore.
I was just discussing this with family. These ppl that wanna pay two mortgages for a closet bc it has a dish washer and a sprayer in the sink can HAVE IT.
Yup completely agree
Oh… my mortgage in Houston is not even half of that! For a 4bd 2.5 bath home. And Houston is known for having amazing food and nightlife. I genuinely don’t know how people afford to live there, and honestly feel for those people that truly can’t. 5k would easily get you a beautiful home. Hell, for 2k, that’s an amazing apartment in midtown with FREE amenities and washer and dryer in unit- which is standard in most Texas apartments anyways. Crazy people pay that kind of money and have to share a laundry machine. 😭
@@opulenttinglesasmr789 WOW! My point exactly. That's why people are flocking to Texas!
No don’t leave us 😭 😅
I'm totally with Andrew. That last apartment was the worst of them all and $15,000 for an apartment you don't own?! Girl, bye! It's disgusting how much it costs to live in the city now. TFS.
I live on less than 25k in Brooklyn comfortably
With mold in the shower too…
@@jamaicancoder6278 you probably have roommates or it’s already bought by someone else. If you were already living in that place then usually you are fine.
$800 application fee?? This price gouging is truly astounding. Wishing you and your partner all the best in your search - it’s rough out there but there are always gems to be found
Yeah I think its because its a CO-OP building and the landlord needs to pay the board the application fee, but still very pricey
Sounds illegal
I live in New Orleans and our application fees are $50. $800 is mind blowing.
@Anika Goerge in NYC they try to milk you in every way possible
It’s the management company. They charge 800 to review the application. I had to do the same!
8:50 Andrew's raw unfiltered honest reviews were appropriate to me. Balancing apartment amenities like location, views with expensive costs makes one really have to decide what is most important. The last apt in Jersey City seemed to have the most bang for the buck. Good luck in finding that balance.
Thanks!
Salute to Andrew for keeping it real... and you, Bukola, for keeping it emotionally consistent... despite the prices. I'm a native NY'er and those prices were WTF'ing with my emotions!
There are affordable places on quaint blocks that are close to everything you both seem to want... but to each his own!
Thanks for the content.
Andrew: Provides a detailed laundry list of everything wrong with the apartment
Bukola: "...but it was so spacious 🥺"
LOL Thanks for taking us on this journey with you. And sorry i'm #TeamAndrew on that one 😂
Apartment 3 was really not that bad lol
@@Bukola1 It was terrible lol.
@@Bukola1 Sorry, it absolutely was. LOL
@@Bukola1 it was for what you’re getting. You can get much better with no broker fee and a $20 application fee at one of the non condo buildings
Andrew a goat 🐐 I like this dude 😂
8:50 wish Andrew would review every nyc apartment tour on youtube. That was the realist opinion I've heard. I use to want to live in NYC, until everything went crazy expensive post pandemic
lol you guys are really hyping him up😆
I love Andrew's real, honest, sensible and balanced view. You have to look at everything when the price is that high. I wish you both good success.
She’s like “I don’t want peace, I want problems always!!”
lol 😅😂
I can't believe the rent prices in NYC now!! At those prices, I think buying makes the most sense.
@@yourfavpersuasion9385 in New York city?
unfortunately no. the market regulates itself. people that can pay that much rent, could potentially also buy and get a loan for that. if buying would be so much more reasonable, everyone would buy and the prices go up. so no, buying is not much better unless you want to live in nyc forever
Wow, downtown NY & JC is so expensive. No way. For me, I'd choose #1 (it's the cheapest, rent stabilized & amenities included). It's an apartment, not a home investment, so I wouldn't pay the most. Good luck!
I grew up in Brooklyn and I did not realize its soooooo expensive now. I am speechless. I just have to enjoy my visits and come back home. Thanks for sharing with us.
I know there are cheaper places in Brooklyn that are less luxurious
@@GlamGoddes101 maybe hot luxurious, but because they were renovated, the fixtures are even more modern than the ones shown in this video.
When it comes to NYC it’s a well known fact that you need to reset your expectations and decide what’s most non-negotiable e.g. mass transit in terms of distance and options. I say, make sure you’re comfortable and start thinking about purchasing a condo, co-op or buying a stand-alone home 🤷🏻♀️
I think its because its a CO-OP, they really aren't renter friendly
On top of it being dangerous and trash everywhere
The Jersey City apartment was the best.
I feel so blessed that my 2 bedroom unit is only $3,150. The apartment is 720sq ft. I have a 320 sq ft east facing terrace and I can the Rockaways to the right and Manhattan to the left.
Amenities in my building are 2 outdoor spaces, gym, laundry room with 20 washes and 20 dryers, residents lounge, package room, 24hr security, parking garage.
AND the building is rent controlled so I only got a 5% increase when I renewed my lease.
Apartment application fees are capped at $20 in NY!! Youshould report that broker that asked for $800 they are scammers. They fixed the law that restricted landlords to $20 to include brokers as well back in 2019.
A Broker charge me $20
For application fee
Then $10 to process the application!!🤔
And the Monthly rent cost ×12 for Broker fee.
Exactly. The $800 application fee should have immediately been a red flag.
False. That doesn’t apply to condo or coop buildings buildings. But for normal buildings that have a mix of affordable, stabilized and maket rate units it’s capped at $20z
Even watching as a Londoner (familiar with extortionate rent) the expense for how little you receive is ABSURD. Poor New Yorkers. This must be an unprecedented situation.
The first and last ones looked great to me. The 15k one is just ridiculous lol. Ultimately you two will have to choose a place you BOTH love! Also, I enjoyed hearing Andrew's take. Good luck!
Me and My finance just moved into the Communipaw area of JC and got a great deal on a 2-floor, 4br 3 bath with backyard and parking, loving the area so far. 👌🏾 Paying only 3k.
Hi! How is the environment? Is it safe?
i love this video thank you so much for displaying a black woman making enough to afford to live in a 4-5k apartment its extremely inspiring ♥
I think it was clear she was going halvsies. Don’t get it twisted
@@eticas88 she could still afford it on her own if she wanted, don’t get it twisted…
@@JustForfYou highly unlikely
LMAOO. Andrew went off. Not a single lie was told 😂. Thank you for taking us a long on this journey!
Dope video! NY is so fire. I will never be able to wrap my head around the prices of things out there, but you are right you can never be bored in NY.
I'm currently thinking of to the city and this video couldn't have come at a better time. Good luck out there, these prices are wild
The prices are insane and on top of that your safety is non existent
Intro montage 🔥🔥 such great footage and good tips on NYC apts - option number 1 seems best imho
Your B-roll shots are always amazing 😍
Thank you so much 😀
The Jersey City apartment was definitely the best.
I would go deeper into Brooklyn like maybe around the museum. Huge pre war buildings. Not so much fancy amenities but definitely space and better prices. Prospect park and the botanical gardens are at your disposal too. I wouldn’t worry about the laundry. Just send it out
Thanks for the tour!!!
I only know NYC as a tourist but I'm shocked Bukola!! Those prices are insane for what you get. I live in Montréal and while it's getting very expensive it's nothing to compare with NYC prices. I would suggest that you stayed in Jersey City, your current apartment is lovely and well located with public transportation.
Speaking as someone who lives in Indy, those rent prices are shocking! I love New York and would live there if it wasn't so expensive. That said, I'd pick #2.
I live in Indy as well, my mortgage is $650 per month for 1500 square feet on 1/2 acre. I would never pay that much. I recall paying $875 for a 600 SQ ft luxury apartment on the Northside thinking that was outrageous. I'd rather save that money for retirement and trips
If you live outside of NYC these prices are startling😅
@@OneTakeTuber period!
I'm from England, I love your tech videos but this has been the best so far . Glad there's something else
Having lived in New York, DC, and now London (just recently went through apartment hunting myself) the market globally is insane BUT the prices in NY for what you are getting are beyond crazy. I think you could find better options if you possibly expand your property profile/location have you tried Inwood, Manhattan or brownstones in Brooklyn (Bedstuy area)? Those were my old stomping grounds and you might be able to get more bang for your buck
Interesting and Well Done. Makes me happy that I moved to sunny Florida from NY City.
I agree with Andrew girl! The 1st apartment should be a contender but the 3rd place ? I wouldn’t want to share a washer and dryer
Andrew has GREAT insight. He’s not playing around.
Wow I had no idea paying an extra amenities fee was so common in NYC. Here in Toronto all the amenities are included in your rent, even a swimming pool or a gym if your condo has one.
Yeah… NY has never held that appeal for me.. too many people, noises.. great for a day trip and having fun but to live.. that is a nope for me.. with this review .. you guys have definitely scared me off.. my mortgage here in the DC area is half these rent prices. 😂😂😂 but that is my opinion. I wish you guys lots of luck in apartment shopping 👍🏾👍🏾
Thank you for sharing...The hunting for nice apartments is just that, a hunt all the time!!!
Andrew knows the real deal! NYC is wild with them prices
I 100% AGREE WITH HIM ON THE 3RD APARTMENT - NO WAY I CANT BELIVE THEY CAN EVEN CHARGE PPL THAT MUCH MONEY TO MOVE IN OMG THE FIRST APARTMENT AND THE NJ APARTMENT IS MY TOP TWO - LOVE THEM - WISH YOU TWO THE BEST AND GOOD LUCK 🙂
Andrew should run for office! He went OFF on these landlords 😂😂😂
… that’s a lot of money… I don’t think it makes sense that 2 people with a good job struggle so much to find a ONE bedroom apartment
The first apartment in Brooklyn was my favorite because it checked off every single box that you had. Not to mention, it would bring you back to New York. Otherwise, I would have chosen the last apartment in Jersey City had it not been for the price.
Totally agree loved the first and last one 🥰
I would advise against renting a private condo in a building because any repairs needed must be completed by the condo owner, not the building maintenance. I learned that the hard way living in what was a nice apartment in Chelsea in the 90's. Until our heat stopped working and the lights went out. The wiring was shoddy and we had no electricity for 3 weeks, had to use candles and one fell on me and my clothes caught on fire. Luckily me roommate threw a blanket on me before I was burned, but we had to vacate as a result. We didn't know it was a condo when we signed the lease, so the it wasn't too hard to invalidate it, but the amount of trouble it caused us was not worth the hassle.
If you want excitement and drama come to Newark! You’ll find everything you want and more for more than half of that. Anyway I wish you luck!
Stoppp 😂😂
Newark?
Are you serious right now?!
Keep looking, good luck with the hunt
Crazy! I’m in Toronto and they are pushing to have NYC prices but it’s failing as most people 25-45 are locked out of the housing market and most dt condo units (built for purchase) are actually acting as rentals. I loved the first place and I would’ve signed that lease on the spot! But I’m kind of spontaneous lol. Regarding the third location, I’m totally with Andrew, I wasn’t there but based on the cost it felt like price gouging for what was being offered. I loved this realistic apartment hunting video, I hope you show us more options from Jersey, it’s not as sexy as NYC but you might get more out the dollar.
I’m in Texas and want to move to Toronto within the next 2-3 years at the latest. I wa shocked at the prices when I was looking at apartments online.
@@MB-bl2hj LOL my friends and I look at Texas and want to move there - we see the big beautiful houses lol. If you can save up for the large down payment it's doable. I just don't think it's worth it as the standard of living is high and wages are low.
Toronto has always been just as high as NYC according to UA-cam🧐🧐🤷🏽♀️🤷🏽♀️💁🏽♀️💁🏽♀️👊🏽🤦🏽♀️🤦🏽♀️
At these prices it better to pay for a Condo with mortgage prices they are charging for apartments. Also many Condos have amenities as well.
Whoever is giving near 20k to RENT an apartment is truly insane….
I love this damn channel. Gotta go back to school
loved this video!
didn’t expect to see you here!
Thank you!!
Love these. Have you considered Hoboken, Union City/Weehawken? I live in the area & paying $2500 for a 880 sq ft 1bd with full amenities, views of midtown, & very accessible to the city.
From what I remember Hoboken has an odor problem especially near the path train area. Parking is always hard to find in Hoboken as well.
I like that area, but the PATH weekend schedule is really the worst
@@Bukola1 I live on the UWS, the C train schedule next to where I live is at least 15 minutes on the weekend, when it is running (there is a major signal revitalization project that will go on until 2025). I am strongly thinking of leaving Manhattan to go to a NJ city in the area. I guess the tradeoff is PATH on the weekend, and the lack of action compared with Manhattan.
This is super helpful! I’m about to relocate to NY (Manhattan) from Sydney, Australia and have been looking for apartments in this range! Thank you :)
You crazy bruh. We think Sydney is expensive… this would pay my Alexandria mortgage more than twice my minimum payment on my mortgage for 2bed 2bath and a carspace 😂
Haus 25 was the one for me. the amenities and location were chefs kiss
Rent now is absolutely insane. I'm also a SWE at Google but I've delayed leaving my childhood home in Manhattan simply because while I would love to live on my own, the current market makes this a financially reckless decision. I empathize with the transplants and other folks who move here who don't have the fortune of having a prior home with equity to lean back on. If I wasn't living with my parents I might have moved out of the city. I love my home but I also would not be able to stress about rent like this day in and day out.
Very smart
This is Gonna b so Insightful🔥🔥🔥👍….
If you're reading this comment and you're apartment hunting in NYC - GOOD LUCK! I hope we all get something good. :) It's tough out there! (great video Bukola)
I would go with apartment 4 for sure!
Andrew is so real. I love his blunt assessments 🤣 I FULLY agree with him. Spacious is BULLSH💩
You said something like "Jersey City is pretty much the same price as Brooklyn." That's exactly why I live in Brooklyn. I'm from Long Island and wanted to move closer to the city but not in the city bc of the prices so I was looking at Jersey City originally. Once I saw that Brooklyn practically had the same prices, I figured I might as well stay in the same state.
Another thing, broker's fees kill me. Not the broker asking for the rent price. I know that's common (my broker's fee was more than the rent actually) but when the rent is over $4000, you'd think they wouldn't need to ask for that much as well 😭
I can't believe these prices! Astronomical!!
Not a freaking chance. I own a 4 bed 2.5 bath single family home with a finished basement, attached 2 car garage, and a big fenced in yard with a shed and a big deck. My mortgage PITI is $1,440 a month. My electric is about $100, water is $30, and trash is $24 a month. And I bought this house in Feb 2022 after home prices went up. Prices in NYC, Cali, etc. are obscene and must correct themselves.
Where do you have to live to get that kind of deal? How old is your home?
@@blackceasar2005 I live not far outside Louisville KY. It was built in 1999 and very well maintained. If I had bought it in 2020, I could have got it for about $190k.
@@myyt3824 thank you. Sounds good
Not all landlords are making "crazy" increases as you put it, to make huge profits. Between taxes, operating costs, and other expenses, it's not easy running and owning a property. Most landlords aren't huge conglomerates, most landlords have 1 or 2 properties, and these "protections" that you'd like to be put on landlords to stop them increasing rents, is only going to hurt the smaller landlords...who are already dealing with alot.
Folks aren’t trying to hear that truth though. Especially when you get stuck with a bum tenant who stops paying rent for a year plus.
I loved the last option!
I’m like, whoa those prices are ludicrous! I reckon I’ll keep my decent size southwest Brooklyn apt after all. Save those coins girl!!!
I was flabbergasted at the move in costa 😢
wow at 5k rent, if you want to follow the 30% (rent-to-income ratio) rule, you'll need to clear about 300k+ a year in income. Crazy! Nice video though :)
Together, they probably do. But those prices are absolutely insane!
Bring Andrew back.
This dude is the realist!
Lmao!
Whew girl! Those prices lol but I would say my fav apartments were 1 and 4.
NYC is expensive but we also make more money here. However not everyone lives in Manhattan or downtown Bk, the most expensive parts. 🤷🏽♀️
I’ve lived in every borough besides SI. At one point I lived in Chelsea with a yard and that was about 2700 but that was 10 yrs ago. Now I’m in Astoria and we have a 3 bedroom with a yard for 3200… I would have preferred to be in Bk but now we have kids so having a large yard is a nice plus.
A one bed in Manhattan is approximately $5,500 to $6,500 a month (or more ) in most doorman buildings places. If you're uptown then it's less expensive. A one bedroom with a den (no windows) is approx $6,500
I enjoy watching these Apt hunting videos even though I no longer live in NYC thank goodness😬😬
yay glad you enjoyed it!
Andrew knew what he was talking about and knows what he wants!
I love the one with the pool...bc POOL!
The first!!!! Rent controlled - 🤩
Damn. And I thought it was bad in Toronto. The average cost for a one bedroom downtown is around $2400 a month. I moved into my current downtown unit during the pandemic when prices were low so I’m paying $1600 a month. My landlord served me with an N12 form, indicating that they want the unit back so I have to move out. In all likelihood, they don’t need the unit, but they need a legitimate excuse to kick me out, so they can raise rent to be competitive with current prices. So, here I am, back on the market looking for a new place to live where prices have never been so high! Thankfully, I’m in a career where I feel like I can keep up. Toronto salaries are much lower than New york salaries, so in a way we are at par.
omg 😳, your people need to be at city hall with that crazy tactic.
It’s the same in Dublin city but like Dublin is not as popular as New York so I don’t get why it cost 3000€ not even $ for a 1 bedroom apartment. I’m def gonna try to move to toronto or an American city😭😭
That’s insane!!!
Maybe try closer to Hoboken, like Soho Lofts, Cast Iron, Hudson House. They all have shuttles to the path station. Newport is also amazing!
I’m gunna have to agree with Andrew on that one….it is totally an overglorified den lol thats not worth the ROI of $15k upfront. But what I’m hearing is you like extra space so I think you just have to really sit down and figure out what are the must haves vs nice to haves. Because you won’t get everything you want NYC unless you’re willing to shell out serious money. Good luck on the hunt though! Every influencer I’m following right now who lives in NY has expressed the same frustration. Its not easy so sounds like you’ll probably have to compromise
Keep in mind these are two well paid professionals. Imagine what poor people do in Brooklyn.
Keep looking for that dream apartment.. it's as tough as a college graduate trying to get a job in NYC.. I remember a time back when renting a room in NYC was $100 to $150 a week haha😅 gone are those days
Was that the victorian era?.
1 and 4 had great options.
These prices are insane! I just can’t believe it. Coming from someone who grew up in the south 😊
I always enjoy your vlogs, so cool
Yay! Thank you! I really appreciate that ❤❤
With the way that NYC is expensive overall, I would avoid even considering downtown areas and luxury apartment buildings, but that seems to be what you are looking for. Those kinds of prices are sadly expected there, especially given that a lot of those buildings are new, and the shopping and entertainment areas are new, newly renovated, or torn down and rebuilt. Maybe an apartment in a townhouse or brownstone would suit best.
As an ex-New Yorker, I miss the city but no way I would pay that much for rent just to live there. You have to think about saving money as you get older, and NYC makes that impossible. Let alone if you want to have a family.
How is the brokers fee equal to the rent
The first one is the best one!
I'm with Andrew. That "bedroom" is a closet. It might be spacious but that could get claustrophobic real quick with zero windows. And the living room doesn't even have a view. Your view is the next building!
Wow an $800 application fee is criminal!!
We had to move May '22 and ended up further out in Brooklyn than we wanted (20min on L to Union Sq) but $3.2K for a 3BR. It felt so expensive at the time, but looking at prices now, think we got a deal! NOT MOVING FOR A WHILE.
I remember seeing a spot in schernerhorn in 2018 and thought 3300 was absurd! And now ..🤯… I’m in Texas now, own a home 3 bds, 3 baths 2800sq ft with a huge yard and only pay $1700!!!! Sure you don’t have the NY excitement but you afford to fly there at any time.
JC prices have skyrocketed because NYC has little left so NYers are coming over.
I love your channel the apartment looks nice but is very high on price and i left Nyc a way back I felt it wasn't for me.
If you are paying top dollar ,that viwe is everything 🌄
I agree with Andrew regarding apartment #3
Wow you must really love this city
Honestly I do 🤷🏾♀️ other than LA, which is just as expensive, I haven’t found a city I like more than NYC
9:34 ~ Andrew isn’t from NY, is he? Nobody from NYC has ever characterized a building from 2007 as old. In NYC, a 2007 bldg is generally considered to be a new construction!!!
I think you should let go of being one stop away from the city and look a little further out so you can get a 2 BR with more amenities. That last one in Brooklyn was absolutely ridiculous. If you're not commuting a few minutes more on the train will save you lots of money.
I have a friend that lives in the apartment building on Dean. It's a nice place but there is so much construction outside right now. Also you get what you pay for. You are looking in probably some of the most expensive parts of Brooklyn. With that in mind you have to be real and understand that's the market for that part of the city. There are other parts of Brooklyn that are more affordable. But you are trading off the amenities and the locations so you have to prioritise.