Yea Okay! 4500 plus for a 2 bedroom?

Financial District ApartmentsbreakCommunity ForumbreakYea Okay! 4500 plus for a 2 bedroom?

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    2+ weeks old

    Yea Okay! 4500 plus for a 2 bedroom? Is this really what people pay for living in the Financial District?

    • Yes, for North of $4500, you can definitely get a 2 bedroom. 1 bath with doorman. For around $5000, you get a 2 bath.

    • Yes that's sounds about right. That's average cost for something in a luxury doorman bldg. It can be a little less though, but that's the average. May I assist you with your apartment search?

    • Yes! Many individuals gravitate to the Financial district for many reasons. This neighborhood has change drastically and is now 95% residential. After the conversions, most residence feature spacious layouts and great finishes and are majority luxury doorman buildings for an affordable price. An average 2bed 2bath in midtown that is simular to apartments in the financial district would cost around 5200 and may not be as spacious and nice.

    • Yes... but I would caution you on a rent rider which is likely to go hand in hand with this. Look for language in your contract that states the value of the apartment is higher than what you are paying. There may be a rider than indicates you are getting a "special rate". This means when your lease is up, your rent to renew for that apartment could jump up to the full value of the apartment... or even more if they raise the rent. This might not be an issue for you, but if you weren't planning to move at the end of your contract it could be a very frustrating situation.

    • Believe it or not I recently rented a one bedroom with a small office area for $7,000 per month. The Financial District (FiDi) attracts many professionals that work in the area and have money to burn. Also, there are many branded buildings that have raised values and prices in FiDi. Philippe Starck's masterpiece at 15 Broad is an example. The Setai at 40 Broad Street is another example.

      Dan Geller
      Geller Group
      Keller Williams NYC
      (646) 737-9665

    • Yes, it depends on the building, but vacancy is less than 1% and rents have een increasing. Landlords know they can get these prices, especially in the summer.

    • That is right. $4,500 is considered the starting point in FIDI. You have several new building that have serious amenities and are in great demand. Those working in FIDI love the convenience of being close to work and only a short subway or taxi ride to Midtown.
      It has become a great place to live.

    • Actually, I can get aparments in the Financial District for $3,750+ for 2 Bedrooms in a full service luxury building that includes 24-hour doorman, valet, concierge, fitness center, indoor pool, and many more amenities! If you can contact me regarding your move in-date and budget, that would be great!