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Outdoor space AND location!

This is a big city, but a small world. Yesterday we lost one of the last great scribes in NYC journalism. While the details are shrouded in mystery, something has gone terribly wrong if we will no longer have Clyde Haberman writing for the New York Times.

The loss of one thing usually means we gain something else. I had always heard that expression and found out firsthand last year. My aunt Florence passed away and I simultaneously found out I that had a daughter on the way.

When people relocate here to live, the same principal applies once they see what the realities of the market are here as opposed to what they got where they are coming from. I have seen it happen time and time again in every budget from $1000-$10,000 per month rentals and even with sales.

Many don’t understand the history of the city and as a result, the architecture in any given area. That alone accounts for a big part of the problem, let alone our 350-500sf studio rentals in a fifth floor walk up can get you a mortgage on a three bedroom ranch style elsewhere around the country for the same dollar. It’s apples and orangutans though.

There are many reasons why people are willing to move here and make such drastic sacrifices in life. If you read my last post you know what I mean. The basics are school, work and inspiration. Sometimes it’s one, two or all three of them.

I had an interesting situation happen this week which I see happen every year. A below market rate place, came up for rent in a prime downtown area. I’m talking about a studio under $1700 in a neighborhood where everything averages $2500 for entry level. It has the private patio you see pictured.

While it needs a little TLC and was small indeed, the space is suitable enough to call home. The thing is, after showing it on Tuesday after it only was on the market 3 days, I have been getting calls non-stop. There is simply nothing else on the market in that area that’s close. There are some other spaces, but nothing with that urban sanctuary.

I began to think back over six years worth of clients and memories. The girl I drove to ikea and helped her get and install her furniture, the couple with the need for a windowed kitchen, the roommates who looked in every fringe area in three boroughs because there are no three bedrooms under $2,000 below 96th street in Manhattan. There are many more I can list. The one thing almost every one of them had in common regardless of budget was sacrifice.

This city is a concrete jungle. It will chew you up and spit you out if you let it. The one thing I have noticed is the people who succeed here, always are willing to do whatever it takes to accomplish the goals that are set.

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Posted with WordPress for Hat’sBerry. 😉


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