Actually, we think Marc Santora wrote a rather good article about the elusive rent stabilized apartments. Naturally, he relied on a number of industry leading brokers for his information. That’s what concerns us. Half way through the article, Marc Santora writes:
Finding a stabilized apartment remains a challenge. The city’s Department of Housing Preservation and Development has a list of all the buildings that have at least some stabilized apartments, but it provides no data on how many of the apartments in the building are regulated and how many are market-rate. It is also not a listing service.
And as for the city’s major brokerages, few if any keep track of stabilized units.
“I have people all the time who come to me and ask me to find them a rent-stabilized apartment,” said Alexis Fleming, a broker at Citi Habitats. “I tell them good luck. It is a needle in a haystack.”
In seven years, she said, she has rented just seven stabilized apartments.
For those fortunate enough to come upon one, that may be just the beginning of the struggle. Potential renters are likely to face stiffer competition than ever as landlords sort through well-qualified bidders.
The Citi Habitats broker quoted above would make it seem like finding a rent stabilized apartment is next to impossible.
No it isn’t! RDNY.com has hundreds of available rent stabilized apartments. With an inventory of 4,200 available apartments as of this writing, at least 1,600 of our available apartments are rent stabilized. On top of being rent stabilized, they are also 100% no fee apartments. It’s practically like winning the lottery!
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