rental concessions

Brooklyn, CityRealty, Manhattan, New Jersey, Queens, Rentals

Images (L to R): 3 Journal Square, Stuyvesant Town, 253 West 72nd Street, Myrtle & Steuben

  • 2 Months Free at New Hell’s Kitchen Rental [link]
  • 1 Month Free at West 72nd Street Prewar [link]
  • StuyTown Offering $3,600 Move-In Bonus Until April 16th [link]
  • 1 Month Free at Newly Launched Clinton Hill Rental [link]
  • Renovated Rentals at U.E.S. Prewar; 2 Bedroom From $2,677 [link]
  • Mercedes House Offering 2 Months Free [link]
  • 1 Month Free Rent at Upper West Side’s The Brewster [link]
  • 1 Month Free at The Pavilion in Lenox Hill [link]
  • 1 Month Free at Renovated Rental in Harlem [link]
  • DUMBO Rental Leasing with 1 Month Free [link]
  • Jersey City’s 3 Journal Square Launches with 2 Months Free [link]
  • New Brooklyn Rental The Refinery Offers 2 Months Free [link]
  • 1 Month Free at Midtown East’s Sutton Collection [link]

SEE MORE RENTAL NEWS AND OFFERS HERE >>

real estate trends

Midtown Skyline in 2020, CityRealty, Billionaires' Row, Central Park South, future NYC skyline

According to Douglas Elliman’s latest market report, landlord concessions (covering broker’s fees, offering free months’ rent, doling out $1,000+ giftcards) have doubled over the past year for Manhattan and Brooklyn rentals, coinciding with a roughly 30 percent increase in inventory in both of the boroughs.

Jonathan miller, author of the report, told DNAinfo, “There’s just been more product brought into the market through more development. More inventory has brought more concessions, more modest price growth and kept vacancy rates elevated. This has been a five-year development boom. It’s already having an impact.”

What’s going on?

Apartment Deals, Friday 5

Every Friday 6sqft is rounding up five of the best rental deals showcased on CityRealty’s newly launched no-fee rentals page, a space where house hunters can find the best concessions being offered by landlords across the city. 

A new week means a slew of new rental deals being offered across the city. Today we’re focusing on upscale rentals in Manhattan, scanning the island from top to bottom, from the Upper East Side to FiDi, for the most generous of rental concessions. Standouts ahead include one month’s free rent and a $1,000 MasterCard gift card at a Robert A.M. Stern-designed Tribeca tower, and two months of free rent on beautiful new rentals in Yorkville.
5 of the Best deals here

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