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Rental Guide

Rental Guide

How Do I Rent? A New Yorker’s guide to renting. Feeless uses intimate market knowledge, data and analytics to create a guide for your entire rental process. Simply put, renting made easy. 1. Prepare Yourself Start Ahead of Time Most NYC apartments are not listed until 1-2 months before the desired move-in day. As a […]

Manhattan Residential Market

Manhattan Residential Market

New York City rental prices are staying stagnant, and figures indicate the weakness will continue to affect the market. In Manhattan, the median net-effective rent was $3,294 last month — a 1 percent increase from March last year, according to the monthly rental report from Douglas Elliman. The market share of concessions, a tool that landlords are […]

New York City Market Report

New York City Market Report

The use of concessions has become a fixture in the city’s rental market, and while the measures are keeping building vacancies at bay, rents still remain flat. Last month, the median rental price in Manhattan when factoring in concessions was $3,309, a year-over-year decline of 1.8 percent and the biggest drop in more than 12 […]

Blackstone lends Clipper $74M for BK rental

Blackstone lends Clipper $74M for BK rental

David Bistricer’s Clipper Realty landed $74 million in financing from the Blackstone Group for its acquisition of 107 Columbia Heights, a 161-unit rental building in Brooklyn Heights. Blackstone Mortgage Trust is providing a $59 million acquisition loan and $14.6 million in construction financing, according to loan documents that hit public records Friday. Clipper closed on […]