How is the rental housing market currently looking in New York City? Has it been back to normal precovid levels and are there any secret tips you guys could share for housing?

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Glad you asked, the rental market is absolutely crazy rn. Rates went up like crazy with little availabilities

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Oh I was mainly talking about manhattan

Depends on the borough

Brooklyn barely slowed down even in Covid, if anything it’ll be going up even more now

It seems everyone migrated from Manhattan to Brooklyn over the past year and a half. Brooklyn is near (and has been) precovid levels while Manhattan is not quite there yet, except for high end luxury which I believe has already surpassed precovid which is insane

I think there’s still a lot of units and deals out there- it is not the same as a few months ago though. it’ll take some time to go back to pre covid levels

Seems like Manhattan is the place to look then.

Manhattan’s rates sky rocketed in the past 1-2 weeks. Some building’s 2b2b are 10K+ a month now

They’re manipulating the market. Some are just throwing high prices up there thinking things are back to 2019 levels. There is inventory, but they’re holding back. Just scored a new 2/2 in Manhattan for a good price.

How is $1.7k in east Manhattan in terms of pricing?

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