Anybody who has spent any time in the market for apartments in New York City, or discussing the Manhattan real estate market, has likely heard the conventional wisdom about famously astronomical prices, notoriously intense competition and the traditionally steep learning curve of navigating a real estate marketplace that is like none other in the world.
Even with a limited number of homes available on the small island of Manhattan, the range of options regarding where to even begin can seem daunting. This is one of the reasons some NYC apartment shoppers opt to utilize a broker, a prospect which comes with an additional fee.
That temptation can be understandable. However, the simple fact of the matter is that no fee apartments not only save renters a substantial sum of money, but they can also be among the best NYC apartment options on the market.
It should come as no surprise that the real estate market in New York City is different than the market nearly everywhere else in the world. Real estate agents have long played a crucial role in the mediation between people who are searching for a home and people who are selling or renting a home.
From the first estate agents in 18th century England to the modern suburban real estate agent, real estate brokers of all stripes often play a crucial role in real estate transactions.
However, that generally crucial role does not necessarily translate to the distinct world of NYC apartments. Yes, there are brokers in New York. However unlike most everywhere else in the world, New York City real estate brokers charge the tenants when they close the deal on a lease. This fee is not what most would consider nominal. In fact, the average NYC broker fee is 15% of the annual rent on a lease.
On top of the other expenses of moving, this can add quite a chunk to a New York City apartment hunter’s budget. Fortunately, there is a way around this, and it is not as difficult as some may assume.
The small fortune that comprises most broker fees is, believe it or not, for the services of a real estate broker. It is no guarantee of a quality apartment. Without having to go through a broker, or pay the associated fees, it is entirely possible to find not only an apartment in Manhattan, but in certain cases some of the best apartments you could find in New York City.
Kips Bay Court offers apartment amenities that rival the best in Manhattan, or anywhere for that matter. As Kips Bay Court residents arrive home after a day of working or playing in the city, they enter the majestic, meticulously landscaped courtyards at Kips Bay Court. Entering a Kips Bay Court apartment means entering a spacious, airy floor plan with an awesome amount of natural light flooding into each studio, one-bedroom , two-bedroom, three-bedroom, or four-bedroom apartment.
In addition to being a wondrous place to come home to, Kips Bay Court also offers the type of amenities that could make one never want to leave. This includes an on-site fitness center, yoga classes, basketball courts, and a picnic area, to name a few.
The best part of a community like this is that it is all available without having to pay one cent of a broker fee. Kips Bay Court offers direct, no fee apartments that could rival anything else you could find in this neighborhood or the city.
Contact us below to learn more about Kips Bay no fee apartment offerings.
Kips Bay Court offers no-fee rentals near midtown in NYC. We offer studios, 1-bed, 2-bed, 3-bed and 4-bedroom apartment rentals; our Manhattan luxury apartments are located near the East Village, Flatiron District, Gramercy Park and Murray Hill. Learn more about our no-fee, pet-friendly rentals in NYC by filling out the below form.