Wow, I saw this while glancing through my inbox yesterday. 505 West 37th is offering two months free + two months OP!! That’s 4/14 months of discount off the gross from the landlord’s point of view! Does this mean November is the best time to move?
Use the Savings to Your Advantage
There are a few interesting ways to play this deal. If you are a broker, do you try advertising the open listings with three months free as a net effective, hoping to fold half your OP into the rent during the negotiation process?
If you are a renter, do you walk into the leasing office demanding three months free? Better yet, can you find a licensed broker to be your roommate, and then you all get the full four months free? That play may be a bit more difficult.
Think Outside the Box
It can be more difficult to move in November if you’re already on a full-year lease. However, if you have few possessions, there may be an argument to end your summer lease, sublet an apartment for a couple of months, and wait until the November moving period. You’ll have to calculate this move carefully, as you could easily end up spending more money on the moving costs than you would save on the rent.
While it’s already too late to make this play in the current year, you can bring this strategy into the next busy rental season.
What’s Happening in Other Buildings?
Note that not all buildings by this management company are offering such a great deal. I believe 2 Gold Street is still at one month free + one month OP. Still, after gathering data from the past three years, we’re pretty sure November is the best time for moving, if you can somehow sync your schedule accordingly.
Editor’s Note: We updated this article to enhance readability.
