I moved into my apt during the pandemic last summer and got COVID price of $2800 for 2 bedroom that I share with my partner in a prime area of LES. The other bedroom we use for his office. It’s a newly renovated building too. Got an email asking if I’d like to renew the lease with the same rate for another year. Is this rare? Have other people been offered the same to keep the same lease price? I wonder if it has to do with the delta scare and people possibly wanting to leave NYC.

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I would jump on that

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I got the same offer from my leasing agent. Live in Chelsea

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If it’s a rent stabilized (“RS”) unit the landlord can only increase the rent based on the Rent Board Guidelines (“RBG”). For leases commencing 10/1/20-9/30/21 the increase is 0% for a 1 year lease. If the apt is RS, you should plan to stay as long as possible. The RBG increases are minimal.

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Do you have to put any money down now?

I’d even ask for a two year lease on that to lock it in for longer. They might go lower if you stay longer. They want to keep you because it’s costly to find new tenants.

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Jump on it. Everywhere else rents are up by up to 20%.

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I’m in a non-rent stabilized unit and got a no increase renewal offer.

likehelpful

Could you please please DM me the building name?

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Sorry it’s a small building and no vacancies atm :/

That’s amazing. I’m wondering why?! Everything else seems so much higher these days.

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My landlord in LES actually reduced our renewal rent by $400 because they wanted us to stay. We ended up not, and they were listing the apartment for $200 more than we had been paying 🤷🏻‍♀️

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It was a 3 bedroom and my roommates and I were going our various ways (school, etc.)

Can you do me the building name? I am also looking!

Sorry it’s a small building and no vacancies atm :/

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