The Niko

751 East 6th Street
Rental in East Village
View the CityRealty Profile of The Niko
October 20, 2018

FREE RENT: This week’s roundup of NYC rental news

Images (L to R): The Niko East Village, 30-78 43rd Street, 633 Marcy Avenue and The Essex 633 Marcy Avenue in Bed-Stuy Debuts Spacious 2- and 3-Bed Rentals from $2,565/Month [link] The Greystone: Prewar Upper West Side Rentals with Amenities from $2,395/Month [link] The Essex Launches: Tallest Building in Essex Crossing Offers Rentals with 1 […]

October 3, 2018

No subway, no worries: Developers offer incentives to lure tenants off train lines

Williamsburg, where the L train shutdown will soon take effect, via Wiki Commons In a city with fewer car owners than nearly any other location in North America, it should come as no surprise that subway access is a key factor for most New Yorkers when they go on the housing market. In fact, many New Yorkers won’t even consider renting or buying if the address is more than a 10-minute walk from the nearest subway. This explains why some neighborhoods, including Greenpoint, which has a subway but not one that leads to Manhattan, and Alphabet City, which doesn’t have a subway at all, have long reported lower real estate values and rental prices that their nearest neighbors. However, there are growing signs that subway access may no longer matter as much as it once did. While subway access remains important, it is increasingly no longer a deal breaker for developers or prospective tenants. In today’s real estate market, a growing number of developers are pouring money into developments located off the subway line, and many tenants don’t seem to mind. This may also explain why not all developers with projects located along the L line are worried about the pending shutdown, which is now slated to begin in April 2019.
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August 25, 2018

FREE RENT: This week’s roundup of NYC rental news

Images (L to R): The Rheingold, The Colorado, The Niko and The Ashland The Top 10 Rental Concessions of August 2018 [link] Leasing Launches at The Rheingold; Bushwick Rentals Offer 9 Months Free Amenity Access [link] Live at The Colorado: No-Fee Upper East Side Rentals with 1 Month Free [link] Live at Gotham West: New […]

April 26, 2018

Lottery opens for 28 affordable apartments in Alphabet City, from $596/month

A 110-unit, mixed-use project in Alphabet City is nearing completion, and with that, has just launched its affordable housing lottery for 28 apartments. The mixed-income units are available to those earning 40, 60, and 130 percent of the area median income and range from $596/month studios to $2,519/month two-bedrooms. The 75/25 project at 79 Avenue D offers a terrace, landscaped roof deck, fitness center, lounge, bike room, and, of course, proximity to all the trendy spots in the East Village and Lower East Side.
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