Question How can I find a "No Fee" apartment?
Answer

Some apartments are offered for no fee by their landlords or brokers.  Usually these are the most expensive apartments on the market.  Most “No Fee” apartments are found in high-rise, doorman buildings and/or newly constructed buildings.  Typically, these are offered with no fee due to the sheer size of the buildings. These apartments are usually priced fairly- not a great deal, but not a bad one, either. 

ArdorNY.com occasionally represents certain landlords and buildings that offer their apartments for no fee.  Most of our no fee apartments are in luxury doorman buildings and are priced at or above $2000/month.  Our fee is paid by the landlord so that we can provide our services to you entirely free of charge.   

Of course, not all of the no fee apartments are found in doorman buildings .  Some landlords of elevator or walk up buildings advertise their apartments as no fee on the internet or in newspapers.  As a rule, these are typically the worst deals you can find.  The landlords go out of their way to avoid any “additional” cost to the tenant (like a broker’s fee) but have instead substantially increased the monthly rent on their apartments.  In short, a fairly priced apartment with a broker’s fee will likely cost LESS money in the end than a no fee apartment in an elevator or walk up building.

Question I have a pet. Is that a problem?
Answer If you have a dog it will narrow your selection of apartments down to about 15% of what is currently available.  A cat is generally not a problem.

Question Aside from rent stabilized buildings, what other types of apartment buildings are predominant in NYC?
Answer Rental buildings:  These are usually full service, modern, doorman buildings.  Their rents are typically high (always at market level) and yearly rent increases can be considerable, depending on market conditions, because these types of buildings are run by big corporations trying to maximize their profits.  At ArdorNY.com, we get listings and have access to almost all of the rental buildings in the city. 

Co-op and condo buildings:  These are usually full service buildings.  The units are owned by individual owners who are often not familiar with the market.  It is quite possible to get a really good deal in a co-op or condo building.  The drawback is that you may have to meet with their co-op board.  This process can take over a month and requires the applicant to undergo a very rigorous screening.  Moreover, many co-ops forbid lease renewals, which means you have to go apartment hunting after the expiration of the first term of your lease.  As such, we are very selective about the co-op buildings we deal with due to their frequent inflexibility and arbitrary rules.

<<Iback