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  • Writer's pictureAlan Lupiani

NYC RENTAL MARKET - Renovations and Upgrades MATTER!

During these strange COVID times, the NYC real estate market has become flooded with empty apartments due to people leaving the city and an excess of new development rentals. As a result, there is a huge supply of rentals and not so much demand in the RENTAL market right now. Also, new development apartments are, well NEW!! Not only do they have amenities such as a full service front desk, gym, and outdoor leisure areas, but also the apartments are newly updated with washer and dryers, dishwashers, and other upgrades. As we all know, an in-unit washer and dryer can change one's life! It can also weigh heavily on one's decision whether to take an apartment or not!

The upfront costs to upgrade your apartment may seem excessive at first, but from my experience as a NYC real estate agent, one who is out there every day pounding the pavement, these renovations/additions matter! They can be the difference between finding a good paying tenant or having a vacant apartment for months on end.

Please contact me at 917.613.8135 for a free walk through consultation. Stay safe!

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