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New York Apartment Market

Image of buildings near Columbia University with flowers in the foreground Spring is graduation season at NYC’s colleges and universities!

Springtime in New York City is a time of renewal, of springing forth from the stagnation of the cold winter months to the rebirth of gardens and parks, warm weather and outdoor activities. New Yorkers love getting out and about, whether it’s a stroll through Central Park, taking in an outdoor concert, browsing the offerings at a street fair, or dining al fresco with friends. And the month of May adds graduation festivities to the mix! New York City’s prestigious colleges and universities span all five boroughs, from technical schools and those specialized in specific trades to Ivy League universities, those known for their sports teams and everything in between. It’s here you’ll find FIT (Fashion Institute of Technology), Cooper Union, NYU, Fordham University in Manhattan and the Bronx, St. John’s University in Queens, Brooklyn Law School and the College of Staten Island. As you can imagine, graduation time is a busy time in NYC! If you are a friend or family of a graduate you’re probably planning your trip to NYC for graduation ceremonies but also want to make the most of your time here and fit in some sight seeing while you’re in town. New York Habitat’s agents can help you find a furnished rental apartment that is the perfect combination of proximity to a NYC college or university and convenience to some of the best spring activities and attractions to take in while you’re in town!

Furnished Apartments are a Great Family Option

Image of NY-17172 on the Upper West Side with Central Park views from the living room Rent this apartment with Central Park views in spring

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view of the Financial District, with Brooklyn Bridge in the foreground Lower Manhattan's rapidly changing skyline reflects New York's dynamism

New Yorkers range from cosmopolitan style connoisseurs to the kind of irresistible eccentrics you can’t really find in any other city. This incredible diversity is evident among the hosts we work with — and the apartments they list with us. Are you curious about some of our favorites? Or could you use some apartment hunting inspiration for your next trip? Check out our selection of 7 apartments that encapsulate the vibrancy of New York City, and see which one best suits your personality!

Find Refuge in the Theater District

image of lounge area and spiral staircase in NY-16334, with a round mirror in the background Convenience meets style in this serene duplex overlooking Hell's Kitchen

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Image of the front stoops of row house buildings in NYC Look around, NYC is full of apartment options!

It’s nice to have a big housing budget (hopefully paid for by your company) but many of us don’t, This article is for the other 99% that need to figure out how they can live in the city of their dreams without going broke in the process. As licensed brokers, we know the NYC real estate market and have some insider tips and tricks to navigating it. Read on below and find out how you can afford to live your dream in NYC. Read the entire story here…»

 

Arial image of Central Park with lake and skyline of apartment buildings NYC has tons of apartment options to consider (Credit : Global Citizen)

New York City has so many types of apartments and neighborhoods, to an outsider it can be a daunting task to figure out where to start your apartment search. Size and budget are a starting point, but to truly find the perfect apartment “match”, you also need to consider your personality and interests. See if any of the “types” of apartment hunters below describe you and get some ideas where to start and what to look for in your next apartment rental.

I. The Foodie

Image of large kitchen with stainless steel appliances in NY-16264 The kitchen in this Brooklyn vacation rental is a chef’s dream

The foodie has an appetite for all things culinary. This 1 bedroom vacation rental in Williamsburg, Brooklyn has a spacious kitchen with stainless steel appliances, double door refrigerator, dishwasher, cooktop range, and a dining table for six. Not one but two ovens, an extra-large sink and culinary extras like a stand up electric mixer make this the perfect chef’s kitchen. There’s also a BBQ for grilling in the gorgeous back yard/garden area! This 3 bedroom furnished apartment in Brooklyn Heights also has a large kitchen that aspiring chefs dream of. For foodies who love food but hate to cook, this furnished studio in Hell’s Kitchen-Midtown Manhattan is steps away from Restaurant Row, where an array of world cuisines are at your fingertips (no cooking required!). Read the entire story here…»

 

Panoramic image of Manhattan from a rooftop during daylight Nothing beats the beautiful views from NYC rooftops, no matter what part of the city you’re in!

Not many people have the privilege of staying just a short walk away from some of the world’s most famous landmarks! In New York City, there’s never a shortage of them, from the Empire State Building to Rockefeller Center to Central Park. But in a city where each neighborhood brings its own special something, there are some apartments that truly stand out from the crowd. New York City is your playground once you stay in these top 10 rentals!

1. Harlem – The Apollo Theatre

Image of a colorful apartment living room and brick wall Eclectic and bright décor is what makes this rental unique!

A large NYC neighborhood in uptown Manhattan, Harlem has always been known as a musical and artistic hub. With this furnished apartment, you’ll be conveniently located near The Apollo Theatre, where stars like James Brown, Ella Fitzgerald, and Jimi Hendrix first wowed audiences. Even the stars of today, like Kevin Hart, perform here, so it’s definitely worth catching a show while you’re in town. Located on the garden floor of a 1901 brownstone, this fully furnished NYC apartment offers a security system and western exposure to the garden, as well as a bathtub where you can relax after a long day of sightseeing. This rental is perfect for escaping the crowds and enjoying a night in, or stepping out to immerse yourself in the rich history and culture of this area. Read the entire story here…»

 

Image of an overview of fall trees The beautiful foliage is just one reason that makes fall in NYC magical.

With the crisp autumn air, the colorful leaves falling to the ground, and the smell of pumpkin pie, there’s nothing better than Thanksgiving in New York. There’s plenty to do and see with your family during this time, from the Macy’s Thanksgiving Day Parade to ice skating in Rockefeller Center. One thing is for sure, you’ll need a place to stay. Keep reading to find out the best apartments for spending Thanksgiving as a family in New York!

Three Bedroom Triplex in a Harlem Townhouse

Image of living room 1 of apartment NY-11554 This Harlem vacation rental is perfect for larger families as it sleeps up to 12 people!

This three bedroom vacation rental located in Harlem, Manhattan is the perfect place for you and your family to stay during your Thanksgiving trip as it can accommodate up to 12 people! The apartment is located on the basement, 1st, and 2nd floors (lower ground, ground, and 1st-floor European) of a brownstone. It features a security system, a terrace, and a garden! The dining table is the perfect spot for a Thanksgiving dinner. The kitchen provides ample space for you and your family to come together and prepare dinner. It is furnished with all the appliances needed to make a Thanksgiving meal! After the last slice of pumpkin pie has been eaten, step out onto the terrace or make your way to the garden below and enjoy the beautiful color changing trees you’re surrounded by. Once you’re full, take a walk around the area and see how the locals live in Central Harlem!

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Image of UWS Townhouses You will find many beautiful townhouses on the Upper West Side, a neighborhood known for being kid friendly.

Don’t miss a beat in discovering all that New York City has to offer. Bringing a family to a large city can be challenging, so eliminate the stress that your living arrangements will be comfortable and accommodating to your entire family by staying in a furnished apartment. Furnished apartments are the most cost efficient way to house a family in this bustling city. We’ve hand selected the best furnished vacation rentals that will accommodate a family of any size!

Four Bedroom Vacation Rental in Clinton Hill, Brooklyn

Image of NY-15500 The charm from the early 1900’s is still prevalent in this antique apartment.

This four bedroom vacation rental in Clinton Hill, Brooklyn offers antique charm in a private setting. Your family can sprawl out in the comforts of this home which offers a grand living room that is accentuated with beautiful hardwood flooring and a show stopping ceiling medallion, which was common amongst early 20th century constructions. The updated kitchen has modern appliances, white sleek cabinets and subway tiles to add a contemporary feel to this well-appointed space. The master bedroom features a queen sized bed while the other three bedrooms offer single sized beds, so bring the entire family! Clinton Hill is a family friendly atmosphere, like that of Park Slope, with an artistic flare similar to Bushwick! You get the best of both worlds in this lively locale where you will also find many cafes and restaurants to enjoy. We even named a local bagel shop as one of the top 10 bagel spots in New York! Read the entire story here…»

 

Photo of people rallying against illegal hotels in front of New York’s City Hall People rally outside of New York City Hall to protest against illegal hotels in the city. William Alatriste, New York City Council

On January 20th 2015, the New York City Council conducted a hearing on short term rentals and the legislation affecting them. This controversy affects all New Yorkers, since illegal rentals can result in safety and noise concerns, as well as overcrowding and a decrease in building services, not to mention eviction of the leaseholder and their guests. New York Habitat attended the hearing, since the agency actively monitors the status of laws affecting apartment rentals in order to provide the most reliable service possible to clients.

Changes are coming to the way the city deters illegal rental activity, which will have a large effect on city residents and tourists alike. Therefore, it is important for all New Yorkers and their guests to understand the controversy and outcome of the hearing.

What is the status of short term rentals in New York as of January 2015?

Image of the facade of New York City Hall in Manhattan New York City Hall in Lower Manhattan

New York property laws set the length of time and manner in which a unit can be lawfully rented, and limit the conversion of units from permanent residences into transient hotels. These regulations were put in place in order to protect the safety, privacy, and quality of life for residents and tourists alike, as well as to curb the city’s affordable housing shortage. Read the entire story here…»

 

2010 1st half New York Furnished Apartment Market Report 2010 1st half New York Furnished Apartment Market Report

In the 1st half of 2010 the New York Furnished Apartment Market began its recovery from the depths of the recession in 2009. In 2009 we saw both apartment prices and the number of bookings fall, but in 2010 the general trend was higher apartment prices and more rentals.

The 1st half of 2010 reaffirmed New York’s status as one of the most important real estate markets in the country. With the world economy recovering New York is one of the 1st markets in the U.S. to see a turnaround in the travel market both from American customers as well as international customers. Furthermore, in the 1st half of 2010 the Euro gained value against the U.S. Dollar which helped boost the number of Europeans visiting New York.

For the 1st half of 2010 the New York Vacation Rental Market Report is shown in a new HTML format. You can find the entire report presented directly on the 2010 1st half New York Market Report webpage.

Within the report you will find details about:

 

2009 2nd half and full year Furnished Apartment Market Report for New York 2009 2nd half and full year Furnished Apartment Market Report for New York

Previously we learned  about the 1st half of 2009′s New York Furnished Market Report.

2009 bought changes to the New York Furnished Apartment market and the Furnished Apartment Market Report brings all the details in focus. Recently New York Habitat released the latest installment of the report to provide information about vacation rentals, furnished apartments and rooms for rent in New York.

This report looks at details about the 2nd half and full year of 2009 and has comparison data from 2007 and 2008. Some of the key trends that the report focuses on include:

 

  • Demand reduction for apartments in New York
  • Price declines for all types of rentals, which in turn have helped to spur new demand
  • Improving conditions in the 2nd half of 2009 as prices fell causing the number of rentals to increase

The New York Furnished Apartment Market Report webpage has links to this report as well as previous reports. Check back around August 2010 for 2010 1st half market report to see the latest on the vacation rental, furnished apartment and apartment share markets in New York. Read the entire story here…»