Living In A $3,800/Month Apartment In NYC | Unlocked
HTML-код
- Опубликовано: 24 ноя 2020
- Nikki Lee, 26, lives with her husband Dyllan in a 1-bedroom apartment in New York City's Gramercy Park. Together they pay $3,800 a month in rent. Nikki works as a data scientist at Spotify and Dyllan is a lawyer. Watch the video to find out how the couple was able to get a rent reduction during the pandemic.
Unlocked is a new home tour series focused on how much people across the U.S. spend on their housing, what they get for the money and what they had to sacrifice to make it happen. Share your story with us for a chance to be featured in a future installment of Unlocked: cnb.cx/3pzY8Ps
Growing up in the San Francisco Bay Area, Nikki Lee, 26, was used to her two architect parents pointing out design details in homes and buildings in their neighborhood.
That appreciation for design was a blessing and curse when it was time for Lee to look for her own place in New York City with her husband, Dyllan. "I'm super picky, which is really bad for me," she tells CNBC Make It.
Lee knew she wanted a one-bedroom apartment on the second floor of a building, a preference she admits is "weirdly specific." ("I wanted to be on a floor where I could just walk up the stairs," she says.)
Other must-haves included a spacious, updated kitchen, natural light and hardwood floors, she says. In reality, "apartment hunting in New York is hard, because you don't really get that perfect apartment, you have to compromise," Lee says.
The couple used a broker from the real estate firm Loftey to find their 700-square-foot, one-bedroom apartment for $4,000 a month in Manhattan's Gramercy Park neighborhood. What the space lacked in natural light, it made up for in the recently renovated kitchen and bathroom, she says. "This kind of had the most good things for the best price," she says.
Negotiating rent in a Covid world
When Lee initially signed this lease in September 2019, the rent was listed for $4,000 a month. Coming from the Bay Area, which is one of the most expensive places to live in the country, she expected the high cost.
To put their rent in perspective, the median rent for a one-bedroom rental apartment in Manhattan is $2,800, according to Oct. 2020 data from StreetEasy. The median asking rent for a one-bedroom apartment in the Gramercy Park neighborhood is $3,290 a month, according to StreetEasy.
When the Covid-19 pandemic hit and it was time to re-sign the lease, Lee says they considered moving to a different apartment, one that was cheaper (and one didn't have a roach problem, which the Lees discovered after they moved in).
"We did our research on the market and we found that, on average, rent in New York at that time had decreased by 5%," she says.
The Lees brought that information to the owner of the apartment (who rents to them directly) and asked if the owner would be willing to cut the rent. "Honestly, we really like the place," Lee says she wrote. "But with Covid and everything, we know rent's been going down, so we were wondering if you'd be willing to negotiate?"
Their landlord was receptive and asked the price they had in mind. They were able to reduce the rent by 5%, down to $3,800 a month.
Perks of the price
To Lee, the apartment is worth the steep rent because of the location. Gramercy Park is near quiet parks and a major subway hub, which, for commuting to work, was originally the most important factor.
However, during the pandemic, Lee, a data scientist and her husband, a lawyer, have been working from home. (She has a stand-up desk in the living room, and he has a standard desk in their bedroom. Lee even started an Instagram account amid the pandemic called @justahomey to share home décor tips for small spaces.)
"My husband and I always say, if we're going to be in New York, we want to be in the city, in the middle of Manhattan," she says. "We're here for the city, for the restaurants, the bars, the life, the museums."
» Subscribe to CNBC Make It.: cnb.cx/2kxl2rf
About CNBC Make It.: CNBC Make It. is a new section of CNBC dedicated to making you smarter about managing your business, career, and money.
Connect with CNBC Make It. Online
Get the latest updates: www.cnbc.com/make-it
Find CNBC Make It. on Facebook: cnb.cx/LikeCNBCMakeIt
Find CNBC Make It. on Twitter: cnb.cx/FollowCNBCMakeIt
Find CNBC Make It. on Instagram: bit.ly/InstagramCNBCMakeIt
#CNBC
#CNBCMakeIt
#Unlocked
Living In A $3,800/Month Apartment In N.Y.C. | Unlocked
Do you rent or own? Share your story with us for a chance to be featured in a future installment of Unlocked: cnb.cx/3pzY8Ps
I rent a penthouse for 63,000 a month
@@TroyKnight12 does it come with a personal butt cleaner ? 😂😂😂
Personal personal hygiene is super important
Please help me plzz my mother health paoblem please help 🙏🏻 🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻🙏🏻
This profile is a fake one. This is not the real "CNBC Make It.", they are impersonating "the CNBC Make It."
I own my second condo in Washington for $1400
Bruh, $3800/month in rent is $45,600 total per year. That’s more than most salaries. Goodness. NYC is so expensive.
True, but there's two of them sharing the apartment so two salaries. I assume they both contribute to rent. Most people who buy a one bedroom apartment in that area (there are cheaper places in Manhattan to live) are probably couples who share a bed. For a single person to live there they would have to have a really good job and make tons of money
glassdoor spotify data scientist: 130k * .72 = 93k min not even including lawyer earnings. ez if you're willing to pay for living. for top earners in nyc, 100k's is just starter comp
No, it really isn’t. It just depends on your lifestyle/living preferences. If you want to live in an expensive area in the city then yes. If you’re ok with living in Brooklyn, Queens etc then it’s not quite.
NYC is stupid
Waste of money!
So they found the apartment told the broker and still had to pay him 7000 for an apartment they found themself smh insane
Was thinking the same thing
Mafia broker
think 3800, they paid first last and damage deposit
Yep. $15000 - 3800 - 3800 = 7400
They probably went with a broker to make it more convenient since they were living in California but yeah, if they had just gone at themselves, they would have paid $3k less upfront. Obviously, this couple is not suffering from lack of funds but that's just a waste
Shocked they didn't have to do a blood oath and offer up their first born too.
Best comment
hahaha!
Lmao
😆
You’re so right! Lol
A lawyer and a data scientist can't even own property in NYC? Brutal world we live in
But they can afford to pay 3.8 k rent per month💁🏼♂️
Literally what I thought
They never said they couldn't afford it. She's only 26 years old anyway, what's the rush? Most 26 year olds I know in DALLAS haven't even bought a home.
@@MegaJiggaa Yeah a lawyer definitely doesn't have $200k in student loans out the gate. "They're not budgeting right" lol get outta here with that critical bs.
@@xcelpast a lawyer and a data scientist at a good tech firm easily are making over $400k/year. Even with debt or half his income, they could be saving a lot as well as paying the loan down.
For $3800 per mo, I'm gonna need a washer/dryer, balcony, gym, pool, & a business center...or I'd just purchase a home.
And a personal butt cleaner 😂😂😂
I have a whole house for just under $800 per month, including taxes and insurance, in OKC. If I wanna go to NYC, I'll just go visit.
Yeah that’s wild They probably make good money there tho 🤷♀️
@@SeanBaker who wants to live though
They get paid enough to pay rent for 3800 tho
They’re paying for location. I wouldn’t make that choice, but to each their own.
I mean if they can afford it easily.. by all means 💁🏻♀️
@@daly_powerandphysique I bet they make 300k + combined
@@daly_powerandphysique she has a side hustle and he probably does too
Daniel Daly 🙄
@@daly_powerandphysique it says her company in the title. Spotify. Someone said she's senior so according to levels.fyi and glassdoor she could be making 150k base not including stocks or bonuses which is common in big tech.
She paid a $7200 broker's fee for a apartment she found herself. All the broker did was set up a time for the open house.
I wonder why she couldn’t set up the time herself...
yea, brokers for apartment is a scam, never use them especially in a city, just ask the landlord for a apartment tour. Most of the time the broker splits the broker's fee with the landlord since they set it up its a scam. always say no to brokers and have the super of the building to show you the apartment.
Yea brokers in NYC are super shady. They usually charge a percentage of the rent not rent + deposit.
Based on my own apartment hunting experience in the NYC area, most of the time the actual owner of the unit doesn't want to get involved even if they literally live down the block. They'd rather pay a broker to manage the whole process. It's very difficult to get in touch with the owner directly.
@@pikakac2441 That is true most owners don't care about the people they rent to, they just want money for there apartments regardless if it's nice or not. Slumlords do exist in NYC just be-aware of the type of landlord you get stuck with.
$3800 For a 1 bedroom during COVID is a scam.
Every minute a sucker is born. This couple is the reason brokers get away with murder for doing absolutely nothing.
May COVID correct the rental market worldwide, especially in NYC...These rental prices are ridiculous
@@JJ-mh3hb Seriously, its a joke they paid 7k to a broker for an apartment they found themselves
@@f_jay It slowly has been, $3800 for what theyre getting is a scam, you can get a 1br in their area with better amenities for $2500-$3000
exactly what I am thinking! This is such a waste of money lol
The whole process to get this place sounded a lot like a job interview with the need for references and interviews
Sounded like applying for an FBI job.
Yeah, that makes no sense. Normally you only have to go though that if you’re buying into a coop, not renting.
@@MattSezer it is a coop
@@ManaFate321 They're not part of the coop. They're just renting.
Well co-ops are mostly occupied by people who own the property so I can understand them being careful with renters. Plus it is NYC after all
All I have learnt from this is I should have been a broker 🤩
In NYC or San Francisco lol
Right!!! 😁😂😁💰💰💰💰
Same I considered it as a career path, maybe have to finally do it. Supposedly you don't even have to go back to college for it.
I learned that I should never rent. Ever. $3800 /month for a property I’ll never own. No thank you.
@@jeanp.5929 Exactly, makes no sense. If they don't own a home, they are idiots!
Sound more like a job interview to get a executive position in a company than renting a apartment
🤣 right wtf
It blows my mind honestly , it’s so crazy
So pretentious
You were 100% scammed by paying that broker. You (not the broker) found the apartment and could have scheduled a showing on your own. You essentially paid him $7000 to book an appointment. Plus you’re still paying too much rent for such a small apartment, especially given the market in this pandemic. You should have looked for other apartments rather than renew your lease. - Fellow New Yorker
That's not how it works at all. Most apartment complexes in large cities (even small ones, and especially a co-op) require the use of a broker.
For example, i'm currently moving from my apartment in Boston. If i did all the work and found someone to sign a new lease, they would still owe a broker fee (although it would be half, due to the broker not being involved).
@@bryngarrity5548 and here I'm earning 100 dollar a month
@@bryngarrity5548
If THEY require the use of a broker, then I require that they pay the fee. And if everyone else did the same as me, then magically the broker requirement would disappear. 🤯 Problem solved.
@@topcomment3816 omg you just totally blew my mindddddddd i had no idea if we could just ensure that every single person ever would boycott the broker fee, it would disappear! what else could we accomplish with this mentality??? if everyone refused to work for less than $15/hr, we could raise the min wage! this solves soooo many problems!
@@bryngarrity5548
Wow nice false syllogism you got there. This is not about the power of the mob. This is about having enough smarts to know when you are getting ripped off. I don’t need a broker to explain to me how an apartment works. But for people like yourself who seem to suffer with a low IQ, keep paying thousands of dollars for someone to unlock a door for you. 😂
I don't care how nice an apartment is, an apartment by definition feels like a rentable thing that never really feels yours. I want to own a house, make it nice, and get value back for the renovations I make.
This just reinforces my need to get out of NYC. They pay all of that and go through a interview for something they don’t own?
I make 300 a month 😭😭😭
@@Engagenumberone um, for real, what field are you in, if I may ask?
@@Engagenumberone girl.
Universe, I want to become a millionaire again.....with all haste.
NYC housing is a scam. Especially charging that much during the pandemic. Loved growing up there, but housing is actually impossible there.
Whats the point of living in a high cost place ? Why not go to the cheapest city?
Lots of criticisms about how they spend too much. Remember, this is a fancy part of Manhattan. They're data scientist and lawyer. They ain't dumb.
Exactly. Less than 30% of their income most likely.
Lol finally a sensible comment
I'm a lawyer and I assure you there are plenty of dumb lawyers, especially when it comes to managing their money.
@@zrm2158 that can be said literally about any professional though.....
Also from one lawyer to the next pay can vary greatly. As we know.
Plenty of "smart" people don't have a clue about their finances.
I know everything is relative but $3,800 for a 1 bedroom apartment
Could never be me 😄😄
Ikr....and it’s not even the cost of the rent that’s the only issue....but the fact that they are going to be paying that ridiculous price every month for something they will never own. Baffles me. One of the many reasons why the city life will never be for me.
I pay 1/4 of that for a 2 bedroom apartment. Glad I no longer live in nyc
Me neither I’d rather visit
@Adam A. lol it doesn't matter how much more she makes when she is spending more
@@metalmadness90000 If they make $350k a year then that $3800/mo is a tiny percentage of their take home pay. Everything *is* relative
really love all the comments in the youtube section describing how two 6-digit salary earners should spend their money
The broker fee makes no sense! That caught me off guard, 7k!! When she found the apartment.
NYC is now built for needy ppl that are chasing that life.
This couple doesn’t sound that bright.
Wow a grueling interview process to get an apartment
Haven't you seen that Seinfeld episode? Haha, it can be a thing here as they want be sure you can fork over $4k every single month and be ok with rent increases every lease renewal.
Thats how it is with coop building... too much process and obligation you have to follow with boards regulation
$15k upfront to RENT?!?!?!
Sounds like closing fees in some places
Pretty crazy right, my studio in NYC was $7.5k upfront to rent. First and last months rent, security deposit, brokers fee
"Sunlight doesn't help me save money" -- um yes it does. You use less electricity!
What do you pay for electricity? I don't think ive payed over 20$/month ever in Sweden 😅
And Fiber wifi 1000/1000 is almost always included in the rent. Atleast if you buy your apartment
@@omokheshi1612 80 to 100$ is insane!!!
Just wait til the therapy costs from depression start racking up.
@Incomeking she said they work from home and they probably don't go out because of the pandemic
Absolutely does ...
As a fellow New Yorker, I can tell you this is a horrible deal. This apartment wasn't even worth $4000 last year. For $4000 you can get a 2 bedroom that's in a full-service building and has laundry in unit EASILY. And don't even get me started on the broker's fee.
They were ripped off.
I think videos like this focus on exaggerated rents because it makes more interesting to watch. I personally prefer more realistic scenarios.
Thanks for sharing. I've seen central nyc locations that look better for the same price as well
A fool and his money are soon parted.
@@gennagresham3986 as a new yorker, you wouldn't believe how realistic this is nowdays, its insane here.
New career: become a broker.
In NYC...
And start ripping people off
I think they will stay there for a while. They are traumatized by the nyc rental process.
I doubt it’s as grueling this year. Lots of people moved out of gramercy and to more affordable areas, even to NJ.
@@davidbang9638 Yeah. Rent has dropped greatly.
If I was making 1 million a year, I still wouldn’t live there.
I wouldn't even stay in the city, I'd move to Brooklyn.
i would rather just retire than live there
There's a saying in my country when it comes to house: "where the light of day doesn't enter, the doctor does". I would never choose a house poorly naturally lighted. And is even crazy expensive
0:00 I'm already feeling ANXIOUS!
here's the thing about non-native folks coming to nyc: they can't tell what's a good deal and a bad one nor can they tell when they're getting robbed in broad daylight
🤣🤣🤣🤣🤣🤣😍🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
She could've used data science to check that out, but she didn't!
Their joint income is likely in the 250 - 300K range. $3,800 a month is totally within their budget. They can still save / invest plenty of money.
Exactly! A data scientist and lawyer.... this is nothing to them
Yeah it’s a lot but they can probably afford it U tend to make more in these big cities as well
Yeah and right by Union Square which explains why its so expensive.
Imagine how much they pay in communist taxes
A lawyer alone would be making 250-300k. Combined they probably make 500k+ especially since spotify is public.
No matter how much I make in my life time, unless It’s a down payment ... $15,000 will always seem excessive. Especially for a 1bd
Which country are u from
For any fellow Europeans watching this, back me up when I say that the co-op board approval process is basically legalised discrimination. If you can afford the rent, that should be the end of it!!
It pretty much is. Mariah Carey talked about the first time she tried to get an apartment in a co-op building she had to explain in the interview process that she won’t invite “her friends” to party late at night. One even asked her if Biggie Smalls would be coming over with his entourage, Mariah said she sarcastically replied by saying that he’s dead
I'd just buy a house in NJ and visit NYC
Exactly
Yeah you’d save a brickton but you’d also like a very different life.
the property taxes are way higher in nj, and since they both work in manhattan maybe the daily commute was just a deal breaker for them
@@jolp9799 you mean the commute from their bed to the standing desk in the living room?
$4000 for a 1 bedroom and SO many hoops to jump through?!?!?! 🤮
Exactly...I live in Brooklyn and they want to see everything...it is very anxiety inducing...
IKR an interview? 🙄
i live in toronto its almost harder renting than buying believe it or not. but they went though all that, those building good chance get bug problems, only way your safe in cities now from bedbugs etc, move in new building or no building at all like townhome apts
The $15k they put up front is the same as the downpayment i just put on a $300k 2200 sqft townhouse. Our mortgage is literally 1/3rd of her rent. Who wants to live in a shoebox in these super high cost of living places for the same price as a huge townhouse? what a waste
Facts
@@Mailman_Fresh stone cold facts 👍🏻
I used to be able to say the upside is the nyc night life and restaurants but now that everything closes early, there's no good reason to be in ny lol
PREACH!!!😁✌💯
Wow 300k for a townhouse is a deal! Would you be willing to share where?
I wonder how the rental market is now in NYC. 3800 is a lot of money, covid or no covid.
It's a prime location.
The deals are absurd rn, this couple is just doing it completely wrong
$3,800 for 1 bedroom apartment? Graham Stephan gonna enjoy this video, LOL.
Haha factssss
They make at least 200k each, I don’t think it’s an issue to them.
Yup I'm waiting lol
@@chrisjacklee3670 pretty much and people here are really don’t realize the location this couple living the dream to me
Your comment is in Graham’s video
So they found the apartment told the broker and still had to pay him 7000 for an apartment they found themself, Insane
Great video CNBC! They seemed really nice Thanks for doing these 🙏🧡
The comments are so negative, she seems so nice and lives in NYC so the normals different
Not about her about new york
I live in Queens and you can find apartments just as nice maybe even better for literally half the price smh idk why people think living in manhattan and paying huge rents is somehow better
As someone who lives in westchester, I have the same wondering about people renting in NYC.
Super detailed and informative! Thank you for sharing :)
6:05 The rug really ties the room together.
This aggression will not stand, man!
As a fellow new yorker this is so dumb. Even if you can afford 3800 a month there are SO MANY BETTER OPTIONS FOR 3800. sheesh!
Its about the location I guess.
@Vivian Foster Grammercy is very prestigious, especially places with park access
@Vivian Foster It's prestigious lol.....
Not to disagree with you, but the balcony alone could worth $300 or more in rent. We don't get to see it because of the rain, but I'm guessing it's one of the reasons the apt is so expensive.
the initial cost is my rent for a whole year, and i live in manhattan....dang
*_VIDEOS LIKE THESE MAKE ME GLAD I MOVED OUT OF NEW YORK ASAP_*
@@itsjimmy7133 *_LOVE THE EFFORT YOU PUT IN FOR THE FAKE ACCOUNT: EXACT SAME NAME AS THIS CHANNEL AND EVEN THE PROFILE PICTURE IS VERY CLOSE. BUT THE FACT THAT THERE ISN'T A 'VERIFIED' CHECK BESIDE YOUR NAME IS A DEAD GIVEAWAY. ALSO, ONE HAS TO THINK WHY WOULD CNBC WANT ME TO WRITE TO THEIR MANAGER ON 'WATSAPP'? A FOR EFFORT THOUGH. LOL_*
Brokers fee for a rental property?? wth
Exactly 👀
I've read that it's a thing in NY! So crazy
Not uncommon in nyc
Welcome to NYC lol It's pretty standard for studio and up.
I live in NYC and for a 1 bedroom, they got jipped, a 1 bedroom in a location like Gramercy you can find for about $3200 if you hustle hard, even more true if it looks like an old building, instead of a new condo, you can probably even start a mortgage for around slightly over $3000 per month.
I’m sure she aware but she wanted the big kitchen
The rent is expensive, but they are lovely and hardworking couple. Wish the best for them!!
I make 500 dollar a month 😭😭😭
Guys she makes 200k+ as a senior data scientist. Her husband probably also makes at least 200k. I don’t think they’re worried about paying 3800/month lol.
They want a good location in NYC, it’s not as terrible as you all seem to be making it out to be.
Exactly! That's pocket change to them 🙄
Yea lot of these comments are delusional or maybe some jealousy
This is true! I know ppl that earn that kind of income (no kids) and either live in Williamsburg or Soho. They don’t complain as they’ve it. But they rarely use to get to spend time in their expensive apartment. As they spend so much time at work. Until COVID-WFH. TBH if ppl in the comment earned that, I’m pretty sure they wouldn’t pass up the ability to live in a nice place/area of NYC.
@@alp.9672 Not really delusional. 400k a year, with their tax bracket and new york state income tax combined at 40%, which mean they are taking back only 240K annually. Paying 48K annually for rent which is 20% of their net income is pretty high no matter how you put it.
@@daly_powerandphysique 400k is extremely optimistic at their ages!!! Low 300 or high 200 sound more like it
Thats so intense, I can literally get a 4 bedroom 3 bath house with a pool in Miami for that much.
Based on my own apartment hunting experience in the NYC area, most of the time the actual owner of the unit doesn't want to get involved even if they literally live down the block. They'd rather pay a broker to manage the whole process. It's very difficult to get in touch with the owner directly.
I’m in a 1br in Gramercy as well and before the pandemic, I thought the natural light was great. After wfh for months, I now realize the natural light is not nearly enough!
They might as well get a house and pay a mortgage 😩
That broker fee was ridiculous im sorry that happened to y'all. However as long as yall are happy that's what matters 👍
They clearly have a yearly income of at least 300k. They’re looking to buy eventually so they’re good with money, but they have the money to live comfortably so they can afford to have high expenses. It’s all about the percent of your budget, not the dollar amount
Exactly
how are ppl coming to conclusion they're making ~300k??
@@cre8tion26 she’s a data scientist for Spotify so she could easily be making 150k if not more, and supposedly her husband is a lawyer or something (from another comment) so they have the money to blow on the apartment. Plus the min you can make to have a 4K/month apartment in NYC is 160k and they’re meeting that at the bare minimum
Also take off federal, state and NYC city taxes and you're not so rich anymore.
@@cre8tion26 they're easily at $300k combined.
As long as they are happy, that is the most important thing. Personally, i am too afraid to pay that much in rent even though i could actually afford it. However, we only have one life and i think people worry too much about things like this
Agreed! Not for me but as long as they’re happy
we need more people like you in these comment sections. so many jealous (and often poor) people judging others for paying "too much" on rent.
@@theendurance right. Imagine being more worried about other people’s money than they are 🥴
Let me guess you're a marketing major at Texas State
I thought California was expensive but NEW York got us beet.😂🤣
Love this!
Paid a 7200 brokers fee for a 4000 per month coop? The best is to go to a managed full service no fee building and at that price point there are plenty to choose from. Chamon LEE!
My partner and I just moved in November 2020 as my lease had expired and I figured it wasn't worth renewing. The landlord already knew what I could afford, and wanted to lock in a comparable rate (it was about $3,700 between the two of us before). We decided on a 2BR (one to use as office) in the East Village for $2,500 gross rent. All rooms are sun drenched, with in unit washer dryer. The kitchen and sqft is comparable to this one. The pandemic has changed the NY real estate dynamic dramatically. If your lease is expired at this time, do not bother renewing. The average price I'm seeing for a 2BR of this quality is $2,500-$3,000 on the east side. If you're after the west side (e.g. Chelsea, West Village, etc), it'll be about $3,000-$3,500. Also - never pay a brokers fee. There is literally no point, and there are thousands of great options without broker fees attached.
Nice.
1 bed, shared walls, and no parking for $3800 a month. No thanks.
😂😂😂
I get the other criticisms but parking? This is Manhattan. You're not supposed to be driving.
Complaining about having no parking in Manhattan is like complaining there's no burgers in a sushi restaurant. We don't drive here except for the ultra rich and suburban commuters.
Don't need parking. It's new york.
@@cbnunya speak for yourself. As a car owning NYer, no parking space is a deal breaker precisely because of ridiculous parking laws and nowhere to park on NYC streets.
I'm concerned that they don't have a washer/dryer in their unit. 4K for a shared laundry room is another deal breaker.
@@davidbromfieldjr.234 FYI, I lived in Manhattan for years and for $3800 a month you need parking.
That's dope!
‘Mmm she negotiated the rental from $4,000 to $3,800 I feel like she could a lower it a bit more cos of the pandemic...
Everybody's saying they're being scammed. It's all perspective. They're likely making at least 300 - 350k combined so $3800 a month is nothing.
Dude even if you make a million a year its idiotic to spend 3800 a month on rent lol. Might as well own if your crazy to pay that much in my opinion.
@@norbs4004 they are not making a million a year, and as they said they'd like owning but they can't afford it yet.
honestly 3800 can be worth it for a 1 bedroom apartment but definitely not this apartment, I don't live in New York but I looked up apartments for fun and I found way better deals in good locations
@@lyricsxx9706 in her area? close to Spotify?
They came short of selling their livers to prove they were worthy of occupying the apartment??
The plus side of the pandemic: they're getting their money's worth being there more than they would.
The con: they're WFH in this pricey apartment, which suggests they don't exactly need to be in the locale for work purposes.
But hey, they are two bright, financially comfortable people so they know what they're doing
Ny Broker: ... and there is also a brokers fee...
Me: wait what?! A brokers fee?!
Broker: Yep! Welcome to the Big Apple!
Also Broker: U mad bro?
Me: Hung up then moved to Miami
@escalate 100 what you mean?
Will never understand the obsession of living in New York. Can't say I've ever cared to live in New York. There's too many nearby states where you can own property and commute to New York that this honestly can't be rationalized.
The rich get richer because they talk about ideas, the poor get poorer because they sit around and talk about people.
@Tainá Williams You got to get up and make a move, because the world will never see you till you do, know they don't really care what you're going through.
Good to see Mrs Lynn Maria Liaskos recommend here, I use her services and it's been a good source of income over the last few months, her strategies are very reliable and results oriented.
The rich get richer by finding loopholes to leech off the people who work to create actual value and making them charge money for basic needs and then selling fast food, Television and alcohol to them to get more rich and have the human race be miserable and devided creating conflicts with no end in sight, while everybody is juts focused on themselves throwing away the essential feeling of universal love that creates actual happiness.
Your Design is Beautiful
About to find ya podcast or utube page
It's crazy how prices are so drastically different in different parts of the country! Getting your housing costs down is critical to controlling your personal finances
Yep yep
Your income is also critical to controlling your personal finances. Jobs in big cities pay more on average. I don't think they spend an unusually high percentage of their income on rent.
@@tinomorgenstern3430 agreed 100%. When I was living in the burbs I would scoff at these prices but we pay nearly that for a 1BR in UWS, Manhattan. Thing is, when I moved to NYC my salary literally doubled and just kept going up from there (I'm in tech). I wouldn't be making nearly the same amount as I do now if I stayed where I graduated high school.
@Tino Morgenstern Most people don't realize that theyre actually saving way more money by living in the city. Their salaries (combined) would like be over $300K. $3800 rent is a small fraction of their income and they are saving way more compared to living in a cheap area
@@theendurance how are they saving more? Can you elaborate more on this? Big cities in my country are expensive,but this also depends where in the country the city is. The parts of the country that are comparable to Manhattan are extremely expensive and few people live there. In one city, the rental market is sustained by foreigners who come for vacation. Most people tend to live out of the city centre and commute to their workplaces. The downside to this is that one spends a lot of time on the road☹️
They moved in 2019 that’s why it’s 3800 and the price is locked. but now there are 16000 empty apps in the city and the prices are went 30% down. Also why not to use streeteasy for no broker fees apts?
I love how the husband is still working in the background while they’re filming all this lol
Love the Keller book and the verses on the wall.
A few notes about most of the comments here:
To everyone saying "she's a data scientist in NYC, she makes $200k a year"... No, you're probably wrong. I'm a senior data scientist in NYC and my BASE SALARY is nowhere near $200k. Total comp is close to that figure, but you don't pay rent with total comp, i.e. bonuses (if you do, you need better financial practices). If you check websites like Glassdoor, NYC DS make $130k, senior $150k, on average, including Spotify (where she works). That's congruent with my experience.
I'd feel comfortable paying $1,900 as my half of rent for a 1-BD (pre-covid that was a very common rent for a Manhattan 1-BD) but they made many mistakes. They dished out a $7k broker fee (!!!). At that price range there are many apts with no broker fee. They also chose the hardest neighborhood to move into. The requirements in Gramercy are more stringent than elsewhere in the city. 3 blocks away, they're in Union Sq, equally as nice, same $ range, no condo board interviews needed.
Because they are not from the city and had to move in a hurry, their mistakes could be overlooked. But why they're not moving out now that comparable 1-BDs are 35% cheaper is beyond me.
Thanks for sharing. This is the most valid response. Those people are definitely inflating. 150k base is most likely as a senior at Spotify. However, for him someone said his firm pays new grads minimum 190k (could be exaggerated) and he went to Columbia law school which is top tier so may be true. 🤷🏾♀️
Her husband is literly working/browsing the web while CNBC and their crew are filming the apartment. What a legend.
these cnbc videos are a scam. they over glamorize the american lifestyle. and they don't pay the participants to be seen in videos.
Love your place!
Her husband wasn’t gonna stop working for nobody 🤣🤣🤣
Which country are u from
Data scientist and married. 3800 is like 40 bucks to them. Chill comments chill
Exactly!
7:55- No it isn't. She clearly has some regrets.
And her husband is a lawyer
Even if they can afford to waste money it's stil painful to watch.
@Wings_of_Death True.
LOL the people that don't understand how NYC real estate works. 😂
He will be billing $500 an hour soon enough and she will be a VP and they will be buying big dog places soon enough. Their apartment is beautiful. Their patience and hard work will pay off.
I know they are probably making BANK but 3,800 for a 1 bed??? Absolutely could not be me. Nope. Good luck to them, no hate lol
I agree, but then again, when paying $3800 is like paying $700 for someone else, then you are okay because you're not struggling to make rent.
@@Gunngirl very true!!!
Nice gal, nice couple. Wish them blessings and good luck.
All imma say is, they can afford it 🤷🏾♀️
I make 300 dollar a month 😂😭😭😭
If I made $2m a year, I still wouldn’t do it. I need some space around. That’s too much money to share walls with neighbors
@@edb484 they're location is partly why they can afford it. They're not gonna be making the same money in Oklahoma
Its a beautifully done house!! Awesome.
Good video.
Being so close to everything that is closed. Totally worth it....
not close anymore lol
*Me Living in LA:* " *$3,800!?* Why would anyone live in NYC!?" 😱😱😱
*Also Me:* Happily paying $1,400 for a small studio.😳
But seriously, seeing these *$3,800* For *RENT* in *NYC* makes me feel like I'm saving so much money on rent and I'm here for it.😂😂😂
Same $1,300 in Seattle lol but moving in with roommates so will be less than $1k/ month
@@tracy_cakkes donnnt do it
@@tracy_cakkes Oh wow had no idea Seattle was like that too lol
@@TinaLeder I make 300 dollar a month 😂😭😭😭
They both make 200k+, it’s definitely within their budget and still allows them to save a lot.
Nice Video
how do i know if i am getting a ton of natural light when searching for an apartment in nyc? biggest windows and facing direct sunlight only?
"We have a bookshelf with all of our books..."
She said that like that's the only thing they get to leave with if things go belly up!
I'm glad they like their apartment. I would not want to pay almost $4,000 to live in a NYC apartment. I don't think it's worth it, but to each their own. 😊
Of course she’s a data scientist 😆 lovee this!
Which country are u from
Nice couple, They seem happy with their apartment and it seems to be a good area for their careers.
I mean I've made some terrible financial decisions but man this is just painful to watch
it's only terrible if they're income doesn't support it
Man, I want to be that broker now 😂
Imagine paying nearly 4k and you don't get LIGHT 😂😂😂
why the broker fee is 7000 dollar, so expensive, is it going yo give it back to you?
$7200 brokers fee for an apartment they found themselves? I know brokers do other work but whoa!
Can’t wait to see Graham react to this one!
Me too!
@Adam A. yeah but even if i made $250k a year, i am not paying $3,800 a month for a one bedroom with no parking lol with a $15k fee. You still have to be wise with what you are buying, affordability sometimes doesn't matter, you have to make sound decisions.
@@ALXSSA I make 300 dollar a month
@@maryamdelgarm I make 300 dollar a month 😭😭😭
Same