REVIEWS AND ADVICE FROM CURRENT STUDENTS NYU STERN MBA HOUSING GUIDE 2021
HOUSING DATA TOP PROPERTIES NEIGHBORHOODS EXPLAINED LANDLORD INFO APARTMENT RATINGS RENTER RESOURCES
Intelligent Apartment Search TABLE OF CONTENTS GETTING THE MOST OUT OF THE GUIDE
Start with the Housing Facts section. This section should help you determine the type of apartment you'd 3 HOUSING FACTS like to live in and how much you should expect to pay Our data on housing in rent. Read about diferent neighborhoods and narrow down your search to parts of the city that you like most. 4 ABOUT VERYAPT Using the VeryApt site alongside this Use the Apartment Ratings section to identify the guide best apartment buildings across the categories (e.g. best amenities, highest rated) that matter most to you. 5 NEIGHBORHOODS OVERVIEW Most popular neighborhoods for NYU Visit VeryApt.com to read reviews, get pricing, and set Stern students up appointments for the apartments you like most.
6 Midtown/Midtown East 7 Greenwich Village 8 East Village ABOUT THE DATA IN THIS GUIDE 9 Lower East Side All of the data in this guide are based on feedback from real renters in New York City. We asked students to rate their apartments on a scale of 1-10 across six categories: 10 DATA TABLE Compiled from Stern MBA student reviews
12 APARTMENT RATINGS Top apartments, based on the feedback of Stern MBA students Overall Value Management 12 Most Popular 13 Highest Rated 14 Best for Amenities 15 Best for Value
17 LANDLORDS Amenities Location Safety Ratings for landlords and management companies Based on their feedback, we compiled a list of the best apartment buildings for Stern MBA students. If you are interested in additional data that is not in the guide or have a housing question, you can reach us at [email protected].
DISCLAIMER: The reviews and ratings presented throughout the guide and the VeryApt website do not refect the opinions, position, or endorsement of VeryApt. The responses and reviews presented are solely those of the survey respondents. VeryApt assumes no responsibility for readers' or users' interpretation of the data. The results do not in any way constitute a warranty or representation by VeryApt as to the quality, safety, or other features of a property. We encourage you to check all available sources of information about properties prior to renting. Where NYU Stern students live Who NYU Stern students live with
40% Midtown East 20% Alone 30% Greenwich Village 45% Spouse/partner 20% East Village 35% Roommate 5% Lower East Side (excluding spouse/ 5% Other partner)
17% of NYU Stern students live with pets
What type of properties NYU What size residences NYU Stern Stern students live in students live in
45% Large property (50+ 15% Studios or efciences units) 45% One bedrooms 30% Mid-size property (20-49 units) 25% Two bedrooms 25% Small property (2-9 15% Three or more units) bedrooms
Distribution of property ratings Average rent by apartment size $2,595 STUDIO $3,150 1BR $3,600 2BR
15% 20% 25% 40% $4,400 0 - 6.9 7 - 7.9 8 - 8.9 9+ 3BR
Rent versus own Commute methods 97% Rent 3% Own
60% 35% 5% Public Walking Biking Transport 3 Rent with Confidence
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4 NEIGHBORHOODS EXPLAINED An overview of the most popular neighborhoods for NYU Stern students
1 Midtown East 2 Greenwich Village Other Neighborhoods
40% of NYU Stern students 30% of NYU Stern students less than 5% each
Home to NYC's central business district Greenwich Village ofers a and the Empire State building, this is one well-balanced social life and a diverse 5 Murray Hill of the busiest sections of the city. selection of housing options. It's home Students here love being in the thick of it to NYU's campus, so class is always an all and enjoy a true Manhattan easy walk away. 6 Tribeca experience.
7 Williamsburg
3 East Village 4 Lower East Side 8 Financial District
20% of NYU Stern students 5% of NYU Stern students 9 Chelsea East Village is one of the more popular For an authentic New York experience, neighborhoods for NYU students and its come to the Lower East Side. Its gritty active nightlife, relatively afordable reputation of cramped spaces and rusty walk-ups, and convenience to class are a alleyways is now mixed with vibrant few reasons why. energy. Lower East Side is home to some of New York's best nightlife.
5 Midtown/Midtown East Embrace the Hustle and Bustle
ABOUT MIDTOWN/MIDTOWN EAST
Home to NYC's central business district and the Empire State building, this is one of the busiest sections of the city. Stern MBA students here love being in the thick of it all and get to experience an authentic Manhattan experience.
Busy Great Nightlife
Commute to Campus Big-City Living
Restaurants and Bars Shops
MEDIAN RENTS IN MIDTOWN/MIDTOWN EAST $2,250 $3,195 $4,650 Studio 1 Bedroom 2 Bedroom
WHAT RESIDENTS THINK ABOUT MIDTOWN/MIDTOWN EAST
Review by Stern Student AVALON MIDTOWN WEST Review by Stern Student NEW YORK TOWER Close to Whole Foods, Food Emporium, Gristedes. Lots Neighborhood is great. very safe. There is a 24 hour of drugstores within a block (RiteAid, DR). Main con is Duane Reade right on the corner, a yoga studio next that it can get really noisy, especially facing 8th avenue. door, dry cleaner next door and Gristedes one block There is a very busy fre station a few blocks south and away. Lots of restaurants just a few blocks down. A construction that goes on until 2-3am sometimes. On movie theatre in Kips bay. Indian grocery stores and weekends there can be rowdy crowds since on 9th there restaurants on Lexington ave and 28th street. are lots of bars.
6 Greenwich Village NYC's "Bohemian Capital" and Creative Haven
ABOUT GREENWICH VILLAGE
Greenwich Village is home to lots of walkups and brick townhouses on its tree-lined streets. The Village will defnitely keep you busy and active, but if you do want to venture to nearby neighborhoods, transportation is easily accessible. Greenwich Village's old New York charm will captivate you and you'll fall in love with its vibrant atmosphere.
Charming Beautiful Townhouses
Close to Campus
MEDIAN RENTS IN GREENWICH VILLAGE $2,340 $3,650 $4,500 Studio 1 Bedroom 2 Bedroom
WHAT RESIDENTS THINK ABOUT GREENWICH VILLAGE
Review by Stern Student D'AGOSTINO HALL Review by Stern Student 128 MACDOUGAL ST It's kind of noisy with the bar scene but if you get an I like the atmosphere of Greenwich Village (and apartment that faces away from the street it is really Washington Square Park), the proximity to school, and quiet. Also you are so close to the school, you have so that it doesn't have skyscrapers like other parts of town. many options for food, and Trader Joe's is a ten minute There are always new restaurants to try and new things walk away. to do.
7 East Village A Never-Ending Adventure in a Diverse Community
ABOUT EAST VILLAGE
East Village is one of the more popular neighborhoods for Stern MBA students and its active nightlife, relatively afordable walk-ups, and convenience to class are a few reasons why. This area is packed with cofee shops, bookstores, and galleries. You'll never go bored living here.
Young Residents
Bars and Restaurants Supermarkets
Fun and Diferent
MEDIAN RENTS IN EAST VILLAGE $2,000 $2,700 $3,300 Studio 1 Bedroom 2 Bedroom
WHAT RESIDENTS THINK ABOUT EAST VILLAGE
Review by Stern Student 157 E 2ND ST Review by Stern Student JUPITER 21 The East Village is full of young people, bars, and I was new to NYC when I came to Stern, and my frst restaurants and is close to NYU. Public transportation is place was in the East Village. I recently moved to average -- I walk 0.2 miles to the F train and a little another building in the same neighborhood. The East further to the 6 train, if I'm going up the east side. Village can not be beat in terms of bars/restaurants and night life. It is also incredibly convenient in terms of proximity to NYU.
8 Lower East Side Bringing " The City That Never Sleeps" to Life
ABOUT LOWER EAST SIDE
Lower East Side is home to some of New York's best nightlife - dusk till dawn is always bustling with music venues, array of bars, and trendy clubs. It also has chic restaurants, indie boutiques, and traditional delis. If you are looking to lounge during the day and party all night, Lower East Side is the perfect neighborhood for you.
Nightlife Restaurants
Newer Retail and Residential Buildings
MEDIAN RENTS IN LOWER EAST SIDE $2,500 $3,000 $4,000 Studio 1 Bedroom 2 Bedroom
WHAT RESIDENTS THINK ABOUT LOWER EAST SIDE
Review by Stern Student 90 CLINTON ST Review by Stern Student 148 ORCHARD Plenty of grit and character in the Lower East Side - dive Nice area with lots of bars and restaurants. Right near bars and cool grafti on every corner. On Clinton Street East River Park and highway so drives are quick. More alone, you can fnd old school Dominican hair saloons, homeless people around than other areas, however. great new restaurants like Ivan Ramen and Yunnan BBQ, seven or so boutique cofee shops, and a luxury condo project.
9 KEY APARTMENT •••• Excellent for a category $$$$ $4200+ per renter ••• Great $$$ $3390- $4199 •• Average $$ $3090- $3389 RATINGS • Below average $ < $3090 * Prices subject to change and may vary signifcantly by room type
Property Type Rating Price Range Most PopularBest for PetsBest for FamiliesManagementAmenities Value Social Safety
207 East 27th Street Apt 9.5 $ • • •••• ••• ••••
284 Mott Street Apt 6.0 $$$ • •• •• • •••
298 Mulberry St Apt 8.4 $$$ ••• ••• ••• ••• ••••
40 Gold Street Apt 8.5 $$ •• ••• ••• • ••••
405 West 50th Apt 8.0 $ ••• •• •••• • ••
525 W 52nd St Apt 8.6 $$$ ••• •• ••• ••• ••••
555Ten Apt 8.7 $$$ ••• ••• ••• •• ••••
63 Wall St Apt 8.5 $$$ ••• •• ••• ••• ••••
70 Pine Apt 9.0 $$$$ • •••• •••• •• ••
71 Broadway Apartments Apt 8.3 $$$ •••• ••• •• •• ••
1125 Jeferson Apt 8.3 $$$ ••• •• ••• ••• ••••
Anagram NoMad Apt 7.7 $$$$ ••• •••• • •• ••
Atlantic Apt 8.8 $ ••• •• •••• •••• ••••
Atlas New York Apt 7.8 $$$$ ••• •••• ••• •• ••
* Some buildings with fewer than 3 reviews are included above because of high ratings but do not appear in the top 10 lists.
10 APARTMENT RATINGS
Property Type Rating Price Range Most PopularBest for PetsBest for FamiliesManagementAmenities Value Social Safety
Avalon West Chelsea Apt 8.2 $$ •• ••• •• ••• ••
Carnegie Hill Place Apt 9.0 $$ ••• •• •••• • ••
Dorchester Towers Apt 9.8 $$$ •••• •• • •••• ••••
EVGB Apt 8.5 $$$ ••• ••• ••• •• ••••
Harrison Urby Apt 9.0 $ ••• ••• •••• •• •••
Hoyt & Horn Apt 9.6 $$$ •••• ••• •• ••• •••
New York Tower Apt 8.0 $$ •• • • ••• •••
Riverwalk Point Apt 9.3 $$ • •••• • • •••
StuyTown Apt 8.3 $$ •• •• •• ••• ••
Ten23 Apt 9.2 $$$ •••• •••• ••• •••• ••••
The Dime Apt 8.5 $$$ •••• ••• ••• ••• ••••
The Jordan Apt 8.2 $$$ ••• •• ••• ••• ••••
Washington Irving House Apt 8.0 $$$$ • •••• ••• •••• ••
Water Side Square South Apt 9.0 $ •• • ••• •• •••
ABOUT OUR CATEGORIES Living Situation Ratings Property Type Families How students with partners and/or children rated the building. Pet Owners How students with pets rated the building. Apartment (Apt) Properties with one building manager. Often have consistent pricing/features. Building Quality Ratings Condo Properties with multiple owners. Lease terms and features can vary signifcantly by unit. Management Maintenance and service quality. Amenities In-room and building features beyond the basics. Key Building Factor Ratings Value Building quality given cost of rent. Overall Rating Overall feedback on building quality. Social Building community and social scene. Popularity Estimated # of students in the building. Safety Building neighborhood safety.
11 1st STUYTOWN 25+ $$ PEOPLE MOST Midtown POPULAR Buildings with the most NYU Stern students
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Review by NYU Stern MBA Student What students typically look for: “The apartment is amazing. It is huge, a great value for the neighborhood and has a nice homie feel to it. You can escape city life by going into stuy town. THey have many diferent activities and events going on. Plus 11 diferent parks inside their Excellent location property” Reasonably-priced 2nd apartments 284 MOTT STREET 20+ $$$ PEOPLE Solid amenities Nolita
Review by NYU Stern Student “The building is physically pretty nice, clean, and reasonably up- to-date. There are two elevators (which are slow) and a very helpful live-in super. Nice washing machines. The management company itself cares about their business and not so much about residents' issues. Great accessibility to Subway lines, Whole Foods, restaurants, and social scenes. Not enough power outlets or overhead lighting in my unit. Tip: apartments facing the interior courtyard are very quiet, especially with windows closed.” Studio 1 BR 2 BR 3 BR $2,595 $3,150 $3,600 $4,400 3rd 71 BROADWAY APARTMENTS 15+ $$$ PEOPLE Financial District TOP 5
1st STUYTOWN 25+ PEOPLE
2nd 284 MOTT STREET 20+ PEOPLE Review by NYU Stern Student “Great proximity to subway, literally steps from the door, and rd 71 BROADWAY 3 15+ PEOPLE commute to campus only takes 20 minutes or so. Neighborhood APARTMENTS is very clean and has been pretty quiet since many people are not working in-person still. There is currently some remodeling rd construction in the building so occasional noise from that. 3 ANAGRAM NOMAD 15+ PEOPLE Laundry room is very clean and reasonably priced."
5th ATLANTIC 10+ PEOPLE
12 1st DORCHESTER TOWERS 9.8 $$$ OVERALL HIGHEST Upper West Side RATING RATED Buildings with the best overall ratings
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Review by NYU Stern MBA Student What the highest-rated properties typically ofer: “Upper west is a quiet and peaceful neighborhood in the crowded NYC”
High-end amenities 2nd HOYT & HORN 9.6 $$$ OVERALL Close proximity to work/ Boerum Hill, 45 Hoyt St school RATING Nearby stores/grocery Excellent management
Review by NYU Stern MBA Student “Everyone in the building is amazing, both tenants and employees. It's centrally located -- close to Trader Joe's, many subway lines, and only a short ride to Manhattan. The views are amazing and the shared facilities are always clean. Love this building.”
3rd 207 EAST 27TH STREET 9.5 $ OVERALL Midtown, 207 E 27th St RATING
Studio 1 BR 2 BR 3 BR $2,795 $3,350 $3,900 $4,600 TOP 5
Review by NYU Stern MBA Student st OVERALL “Great value and neighborhood. Short commute to NYU 1 DORCHESTER TOWERS 9.8 RATING campus.”
nd OVERALL 2 HOYT & HORN 9.6 RATING
rd OVERALL 3 207 EAST 27TH STREET 9.5 RATING
th OVERALL 4 RIVERWALK POINT 9.3 RATING
th OVERALL 5 TEN23 9.2 RATING
13 1st WASHINGTON IRVING HOUSE 9.7 $$$$ AMENITY BEST FOR Gramercy Park, 145 E 16th St RATING AMENITIES Highest-rated properties for amenities
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Review by NYU Stern MBA Student What top amenity properties typically ofer: “Doorman/elevator building with laundry in basement. Incredible location, 1 and 1/2 blocks to Union Sq subway station. 15 min walk to NYU.”
Great common spaces 2nd Convenient location TEN23 9.5 $$$ AMENITY Midtown Excellent management RATING Newer construction
Review by NYU Stern Student “Great apartment in the heart of West Chelsea, amazing management company”
3rd 70 PINE 9.3 $$$$ AMENITY Financial District RATING
Studio 1 BR 2 BR 3 BR $2,995 $3,550 $4,000 $4,800
TOP 5 Review by New York university Student “I’m able to live here because my husband is working while I’m in school but we love our apartment. It isn’t too far from school and 1st WASHINGTON IRVING AMENITY it has amazing amenities. You won’t get an in unit washer dryer HOUSE 9.7 RATING anywhere else in the city for this price.”
nd AMENITY 2 TEN23 9.5 RATING
rd AMENITY 3 70 PINE 9.3 RATING
th AMENITY 4 ATLAS NEW YORK 9.1 RATING
th AMENITY 5 ANAGRAM NOMAD 9.0 RATING
14 1st 405 WEST 50TH 9.7 $ VALUE BEST FOR Hell's Kitchen, 405 W 50th St RATING VALUE Highest-rated properties for value
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Review by NYU Stern Student What top value properties typically ofer: "Great price for NYC. Not a lot of young students in the building as opposed to some others, but I do not mind at all I see my friends in class. Pretty nice apartment as well."
Great price-to-space trade nd of 2 WATER SIDE SQUARE NORTH 9.6 $ VALUE Good location Downtown Jersey City, 55 River Dr S RATING Solid amenities and basic features
Review by NYU Stern Student "Water Side is nice, not great though. It is not in NYC but right outside, a really short commute that I see worth it based on rent."
3rd CARNEGIE HILL PLACE 9.4 $$ VALUE Yorkville RATING
Studio 1 BR 2 BR 3 BR $2,395 $2,950 $3,400 $4,200
TOP 5 Review by NYU Stern MBA Student “The doormen are extremely helpful and friendly, the apartment is spacious with good light, I am very happy with our decision to st VALUE live here.” 1 405 WEST 50TH 9.7 RATING
2nd WATER SIDE SQUARE VALUE NORTH 9.6 RATING
rd VALUE 3 CARNEGIE HILL PLACE 9.4 RATING
th VALUE 4 HARRISON URBY 9.1 RATING
th VALUE 5 ATLANTIC 9.0 RATING
15 Brownstones Smaller properties and how to fnd them
ABOUT BROWNSTONES
Brownstones are apartments in older buildings, typically a few stories tall. They Finding a brownstone usually do not have a doorman, an elevator, Brownstones can be challenging to fnd because they tend to be or many amenities, but can be cheaper and individually owned and do not have full time leasing managers. more spacious than the apartment and Brownstone listings are typically available ~60 days in advance. condo units in high-rises. You can fnd a brownstone by searching online listings, contacting
WHY YOU SHOULD CONSIDER A BROWNSTONE a landlord directly, or by working with VeryApt's Concierge Team who can help identify some options. CHEAPER LARGER FLOOR PLANS
3+ BEDROOMS AVAILABLE MORE PRIVACY Preparing for a brownstone search Most Stern MBA students opt for larger properties in order to live WHY YOU MAY WANT TO AVOID A BROWNSTONE closer to other students and simplify the housing search. That said, there are plenty of wonderful brownstones - be prepared to visit NO DOORMAN LESS CONVENIENT LOCATIONS more properties to fnd that perfect home, carefully examine the pros/cons, and move quickly if you fnd a unit you love. OLDER CONSTRUCTION LIMITED AMENITIES
MORE MAINTENANCE ISSUES
TIPS AND ADVICE
Reliable Landlords Noise and Neighbors Lease Terms
Check online reviews and talk to Sounds often travel well through Leases with independent landlords previous tenants to fnd out about brownstones and you can easily be are negotiable. Check your lease for your landlord. Look for one that disturbed by barking dogs, music, or restrictions on sub-letters and visitor responds quickly to maintenance construction. Check out the policies. You may be able to avoid a requests and has a history of surrounding area to get a sense for rent increase by locking in a longer returning deposits. what it may be like. lease. LANDLORD GRADES and the Renting Process
GRADE LANDLORD Understanding THE RENTING PROCESS A- AvalonBay If this is your frst time renting, here is a heads A- Bozzuto Management up on what the process is like:
A- Brodsky Application process You will be asked to fll out an application for an apartment. Likely this will include an application fee A- CompassRock ($30-50) and potentially a deposit (up to one month’s rent). If you’re an international student, you A+ Equity Residential may have to provide alternate information - in the absence of a social security number, bank accounts, etc., often landlords will accept your visa documents A- FirstService Residential and acceptance letter. Landlords will use your information to approve you based only on your credit A+ Gotham Organization history and income. In the event where there are issues, a landlord may grant the application on the condition that a guarantor cosigns the lease. A+ Greystar After you're approved A- Mack-Cali Realty Corporation A landlord will often ask for a security deposit and prepaid rent. A landlord typically charges up to two A Mirador Real Estate months' rent as a security deposit and will ask for up to two months in prepaid rent. Anything beyond this is more than normal. At the end of your lease and A Newport Rentals after you give proper notifcation that you are moving out (typically 60-90 days), the landlord has A+ Ogden CAP Properties 30 days to return the security deposit at the end of the lease. The landlord may not return the deposit in full if there are claimed damages to the property or A Rose Associates other charges outstanding. A+ Stellar Management What to look out for Check for additional charges or obligations that could B The KRE Group cost you more than the listed price of a property. This could include move-in/move-out fees, renters insurance requirements, condo fees, common B+ The Related Companies electrical fees, etc. Defnitely ask about what previous electrical/utility bills have been to get a feel for any additional monthly costs there may be. Be sure to research the landlord and management company Landlord Grades before placing any sort of deposit. If you have any Grades were assigned to landlords by using a specifc questions, feel free to reach out to us at combination of management ratings and overall [email protected]. ratings for the properties they manage.
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