How to Negotiate Your Rent 

Apr 19, 2016

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Don’t overlook condos. Investors have been snapping up condominiums to rent out amid the development boom, creating opportunities for high-end renters. A big concentration of investors can mean a surge in rentals when the building starts to close, said Marc Schaeffer, a real estate agent at Kleier Residential. “You have to catch the timing right,” said Mr. Schaeffer, who noticed a rise in rental listings at Carnegie Park, an amenity-laden condominium at Third and East 94th Street, and was able to get clients a $150-a-month discount on a two-year lease for a two-bedroom. Instead of paying $5,800 a month, with an expected increase of 2 percent to 5 percent the following year, his clients are paying $5,650 a month. “We accomplished this by pitching our offer to similar listings in the same building and letting the owners’ broker know we were submitting the same offer to other apartments,” he said. “This worked because we were dealing with three different competing landlords.”


Hot Property Book

The stars of HGTV's “Selling New York” let fans step inside the high-profile world of Manhattan real estate in a wild and one-of-a-kind novel of stormy egos, sumptuous homes, and staggering fame and fortune. Written by Michele, Samantha & Sabrina Kleier.