New York City real estate brokers typically charge 15% of a year’s rent. As Apartable.com points out, that comes to $3,600 for a $2,000/month apartment. Another way of looking at it is a broker’s fee is an additional 1.8 month’s worth of rent that you have to pay. Some brokers only charge a fee equal to one month’s rent. That means, the best-case scenario for you, if you get a $2,000/month apartment through a broker, you’ll likely have to pay $6,000 (first month’s rent + security deposit + broker’s fee), up front, before you’ve even set foot inside the apartment and thought about what new furniture and kitchen utensils you’re going to buy at Bed Bath & Beyond. (And don’t forget, studio apartments in Manhattan average much more than $2,000/month.)
One of the best things about RoomMatchers is there are no broker fees. So, on top of the fact that we provide affordable housing for you, match you up with a roommate you’re sure to get along with, we save you money by eliminating broker’s fees.
What’ll you buy with that extra 15% of your first year’s rent that you won’t have to spend on a broker? Might we suggest an ice cream maker?