New York Habitat Blog

In the December 11th 2006 issue of Forbes magazine they report that building apartment buildings specifically tailored to students can be a wise investment. In addition, offering the apartments furnished can be a good way to boast the rental occupency rates.

Furthermore, since the student population in The United States has grown nearly 20 percent in the past 10 years to 9.5 milion, the need for quality student housing is great. In New York where the housing market is always tight, quality, well located, furnished student housing can be an attractive rental option. Owners that have converted their housing to student housing see several advantages including:

• A relatively high 6% to 7% capitalization rate (1)
• Reliable payment guarantees since parents are often guarentors (1)
• Strong demand for their units as the market continues to grow

New York Habitat is the perfect venue for owners in New York to list their student housing options. With our team of professionals we can help to determine what amenities are needed to make the rental successful and which groups might be most interested in renting the apartments.

In addition to our services in New York our teams in Paris, London and the South of France are well versed in their territories and can be helpful in making your student accommodations profitable. Our relationship with academic institutions through out the world enables us to provide a steady inflow of students interested in finding housing.

(1) Swibel, Matthew. “Dorm Deals.” Forbes. Dec. 11, 2006: 186-188.

In the November 13th, 2006 issue of Crain’s New York Business new statistics were released about the number of international students currently studying in New York City. For the first time there are over 50,000 international students residing in the city.

Finding accommodations in New York City especially for international students can be particularly difficult because many landlords require credit checks, local references or income statements. New York Habitat is in the unique position to provide student housing (link) because we specialize in short term furnished accommodations, which often require less “red tape” in the booking process then options other brokers may have.

The two largest schools hosting international students are Columbia University with 5575 foreigner scholars and New York University with 5505 international degree candidates.  New York Habitat offers special incentives for students from these schools to use our services. Students and facility from NYU can visit the New York University off-campus housing site and members of Columbia University can visit the off-campus housing assistance site to find special offers on housing though New York Habitat. Students can also visit our student-housing site to find out about special programs that New York Habitat offers.

If you are a student looking for an apartment in New York, Paris, London or The South of France consider contacting New York Habitat. Our agents speak many languages and well acquainted with the cities that we are representing.

New York Habitat is excited to learn of the recent educational partnership between New York University and The American University of Paris. Our student housing service, New York Habitat Academics, is anxious to assist in providing high quality furnished rental apartments in Paris or New York for their students. Link to the press release issued by New York University and The American University of Paris.

With New York Habitat’s recent introduction of New York Habitat Academics division we are distinctively positioned to help offer housing to students participating in this partnership. Over the past several months we have worked with Columbia University’s architecture program to provide housing for their students studying in Paris and New York and we continue to build relationships with schools through out the world.

The solutions that New York Habitat offers for universities including our Partnership Program and Assigned Housing Program have been tailored to the needs of schools looking for high quality furnished apartment options in the cities that we serve.

Furthermore, with the growing number of international students crossing the Atlantic every year and the continued tight housing market, New York Habitat is uniquely positioned to offer a value added service to universities in need of Student Housing.  For more information about New York Habitat Academics visit the website www.nyhabitat.com/student-housing , e-mail academics@nyhabitat.com or call us at 1(212) 255-8018.

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