By now, it's known that the NYC housing market has been slowing down. But the wonder with how that's affecting the rental market will never get old. The NY Times has a long real estate feature on how rental prices are falling and landlords are offering incentives to lure or keep tenants. A woman moving from Los Angeles to Manhattan recounted, "I was expecting to live in a box" but "Everyone was paying the broker fee,. They were very flexible on their lease terms. One broker told me: ‘We’ll get it done for you. Just name your price and we’ll do it.’" She and her roommate ended up getting a two-bedroom, two-bath Midtown West apartment for $3650 (it was originally listed at $4200) plus, "After one month free and a $2,000 signing bonus, the total came to $3,215 monthly, and they did not have to pay the broker’s fee." Signing bonus? One month free? Who knew!
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