Would you like to see some of the apartments I didn’t take? OK then! Here’s one.
I looked at three studios (two with the same layout, one with a different), all around $2850 per month. Sample listing with floor plan here.
Yes, almost $3000 per month. That’s rent, not a mortgage payment. You don’t get to keep the place.
For that price, a renter will receive approximately 400 square feet in a building that has service (24 hour doorman) and charm in the form of some art deco details. As apartments turn over, the owner and management are doing nice work installing modern appliances and all new kitchen cabinetry.
Other positives: the apartments like most NYC rentals did not offer a washer/dryer in-unit, but did have a laundry in the building. It also had an elevator which is less common in the Village than in other neighborhoods with more modern (and, some would say less charm) buildings.
The neighborhood is hugely popular. The Village oozes personality, even as Starbucks locations multiply and high-end retail outlets force out some of the Mom & Pop stores. It’s also the birthplace of the modern gay rights movement – Stonewall is just blocks away.
Unlike most NYC apartments (which may cover heat or gas and hot water), this building also covers electricity. However if you review the photos included in the StreetEasy listing, you’ll notice the lack of air conditioning units, even window-style. That’s because the building provided and installs them in time for summer for an additional fee.
I’m prone to overheating and hated the idea of not controlling my heat and air conditioning. As summer temperatures appear to rise each year, it was a concern.
Another concern: could I go back to living in a studio after years of 700+ square foot living? I thought I could deal with a reduction in living space but the lack of storage (just two closets total) made me wake up in a panic the day after I put in an application.
Finally, the rent was on the upper end of my budget and based on the rent/salary ratio plus the broker’s fee I’d have to pay, I was looking at $2850 x 3 (first, last security) plus whatever broker’s fee would be negotiated, a minimum of $2850.
Ultimately, I had to walk away. But if you’re interested, there’s a 1 BR in the building available as of today. Just $6200 per month.