Deals, deals, deals: the best rental concessions on the market right now
This one-bedroom, one-bathroom apartment at 70 Pine in the Financial District is offering two months free on a 14-month lease, bringing the $5,080/month rent down to a net effective rent of $4,354. The building also includes a huge fitness center, a bowling alley, and 24-hour valet services.
Even though it's important to read the fine print, we still love a good rental concession. (Who doesn't like the prospect of a waived broker's fee or a month or two in free rent?).
And even as the rental market heads into its busiest (and most expensive) time of the year, there are still freebies and perks to be had. We've rounded up some of the most enticing rentals currently offering free rent as part of the deal. Oh, and on top of that? None of them have broker fees.
This prewar two-bedroom rental at The Petersfield in Gramercy normally costs $4,750/month, but with an offer of two months of free rent on a 14-month lease, the net effective rent is brought down to $4,071/month. The building also has a full-time doorman, a laundry room, and allows pets.
This East Village option seems like an ideal fit for a group of well-to-do roommates: it's got four bedrooms, two bathrooms, a friendly guarantor policy, and with a free month's rent thrown in, a net effective rent of $7,995/month.
Rent this two-bedroom at 97 Grand Avenue—a brand new luxury building in Clinton Hill—and management will sweeten the deal with two months' free rent added to your 12-month lease, bringing the monthlies down from $3,200 to a net effective rent of $2,745. The building includes a common roof deck, and, for an extra charge, individual parking spaces.
This building on East 2nd Street is offering some enticing extras to renters, including 24-hour concierge service, a furnished terrace with barbecues, a landscaped roof deck, parking, Fresh Direct cold storage, shuttle service to the nearby F and 6 train stations, and most crucially, a free month of rent on a 12-month lease. For this one-bedroom, that brings the monthly cost down from $3,625/month to $3,325/month.
One for renters on a tighter budget: this Bushwick four-bedroom right off the Myrtle-Broadway stop has been recently renovated, and is offering a free month's rent that will bring the monthly cost down from $3,600/month to $3,300/month. Pet lovers, take note: If you want to bring along a dog or a cat, there's a $100 per pet fee.
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